Digital processing and Instant In-principle Sanction.
- Who have already availed loan under KBL-Apna Ghar/Elite/KBL XPRESS HOME Loan scheme.
- Who have not availed any loan from any FI for their Residential property/ closed the housing loan already availed.
- Maximum up to 120 months.
- Hypothecation of assets acquired out of loan.
- Already Mortgaged house/flat property obtained for the housing loan(for KBL-Apna Ghar/Elite Scheme loan).Or Mortgage of the relative house/flat property for which the facility is sought
- Guarantee of the spouse wherever feasible in the absence of which third party solvent guarantor.
- In equal / equated monthly installments (EMIs).
- 25 %
- View Latest Rate of Interest
- View Service Charges.
- Upfront charges will be collected (wherever applicable) towards legal, valuation, BIR etc.
Purpose:
- Furnishing, interior works, acquiring furniture-fixtures, Solar heating/lighting systems.
Maximum Amount:
- ₹100 lakh.
Amount of Finance:
- Up to 75% of the estimated cost of assets to be purchased/works to be carried out.
The above information is subject to terms and conditions. For more details, please contact the nearest Branch
Frequently Asked Questions (FAQs) for KBL-Xpress Home Comfort
What is KBL-Xpress Home Comfort?
Money borrowed from the bank through digital mode for furnishing, interior works, acquiring furniture-fixtures, Solar heating/lighting systems, modular kitchens, Wardrobes, etc., for the newly purchased/constructed house/flat, acquired / to be acquired.
What is the tenure of KBL-Xpress Home Comfort?
Maximum 120 months.
What are the eligibility conditions for availing KBL-Xpress Home Comfort?
- All Individuals who are resident of India.
- Above 18 years of age.
- For salaried maximum age limit is 60 years.
- For self-employed and Agriculturist maximum age limit is 70 years.
What security do I have to furnish?
- Hypothecation of assets acquired out of loan.
- Already Mortgaged house/flat property obtained for the housing loan (for KBL-Apna Ghar/Xpress Home Loan).
- Co-obligation/guarantor of spouse/other persons acceptable to the Bank (same as those obtained/applicable for KBL Apna Ghar/KBL Xpress Home Loan.
What is a down payment/margin money?
Generally, banking & finance institutions finance upto 75% of the cost of the property bought. The remaining 25% of the amount is paid on an up-front basis, which is popularly known as the down payment/margin money.
How much margin money/down payment I have to give?
25% on purchase/invoice/estimated cost of assets to be purchased/works to be carried out.
What are the fees charged by the bank?
Processing fee/upfront fee (includes Legal, Valuation and Back Ground Information Report charges).
What is an EMI?
EMI or Equated Monthly Instalment is a fixed amount repaid by you to the bank on a specific date every month. The EMI's are fixed when you borrow money from the bank as a loan. EMI's are used to pay both interest and principal amount of a loan in a way that over a specific number of years, the loan amount is repaid in full to the bank along with interest.
What is EBLR?
EBLR stands for External Benchmark Lending Rate. Karnataka Bank has adopted 6 Months T-Bill (Treasury Bill) as the external benchmark to link its floating rate with effect from 01.10.2019.
