KBL Xpress Home Comfort Loan
The perfect answer is waiting for you with a loan ready to enhance your living space. Whether it's chic furnishing, solar systems, modular kitchens or cozy interior works, we will provide financial support to turn our house into a home. This loan represents the joy of personalizing your space as an existing homebuyer with digital processing and instant sanctions. We make it easy and quick to upgrade your interiors from renovations to furnishing. Elevate your home comfort with our easy, flexible financing, and let your home reflect your style and needs. Read more
Why this loan is for you
Designed to give you just what you need
Covers all home decor needs and interior upgrades, including furnishing
Upgrade newly bought, constructed or future homes
Quick digital processing for immediate loan sanctioning
Make matters simple and straightforward
A smart calculator for smart spending and savings
Eligibility criteria
Must be atleast 18 years old with maximum age limit of 60 years (70 years for agriculturalists)
- Salaried person: monthly salary of ₹10,000
- Self-employed: annual income of ₹1,20,000
- Salaried person: monthly salary ₹40,000
- Self-employed: minimum gross income ₹4,80,000
Documents required
- Aadhaar and PAN card of applicant/guarantor
- Income proof
- Last 12 months’ bank statement of the applicant (If existing customer, then the system auto-fetches the bank statement)
- RTC copy (if the applicant is an agriculturist)
- Quotation
As easy as 1,2,3...
Apply for a KBL Xpress Home Comfort Loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your loan is sanctioned
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Got questions? We’ve got answers.
We require a mortgage of the property you're financing as security. Rest assured, we guide you through this process, ensuring the property has a clear and marketable title, safeguarding your interests and ours.
When you opt for our home loan, you'll need to arrange 15% to 25% of the property's cost as down payment or margin money. We finance the remaining amount, providing an easy, stress-free experience.
Equated Monthly Installmen is a structured payment method that enables you to repay your loan in fixed monthly amounts. This includes both the interest and the principal, designed to reduce your loan balance while fitting into your monthly budget comfortably.
Yes, first-time homebuyers can avail of tax benefits on both the principal and interest components of the home loan under various sections of the Income Tax Act.
Yes, you can prepay your loan. For the applicable charges and conditions, please refer to your loan agreement for exact terms and conditions of a particular loan when applying.
Craft a living space that reflects your style with our home loan for furnishing. Tailored financing solutions like our loan for home furnishing and home furniture loan empower you to shape your home's interior to your taste. Our loan for home furnishing and home furniture loan options are tailored to help you finance the perfect interior for your abode. Create a space that's uniquely yours without the financial strain.
The interest rate can be either fixed or floating. Fixed rates remain constant throughout the tenure, providing certainty in budget planning. Floating rates, however, are linked to market conditions and can fluctuate. The interest calculation on a reducing balance basis means that as you gradually repay the principal, the interest component on your EMIs decreases. It's crucial to assess your repayment capacity before taking a home loan. Factors such as down payment, EMI affordability, loan tenure, and additional costs like processing fees, legal charges, and stamp duty should be thoroughly considered. Also, keep an eye on market trends, as they can affect floating interest rates.
Do ensure to have a stable income source and a good credit score before applying. Compare different lenders for the best interest rates and terms. Don't underestimate the impact of additional costs. Maintain a contingency fund for unexpected expenses. Timely repayment is crucial, as defaulting on a home loan can have serious consequences, including the loss of your home.
