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KBL Home Comfort

KBL
HOME COMFORT

FINANCE FOR FURNISHING HOUSE

SIMPLE PROCESSING AND QUICK SANCTION

KBL Xpress Home Comfort - Easy Home Loan

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 %

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


Types of Home loan

 

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KBL e-connect
Pay EMI online through UPI

Frequently Asked Questions (FAQs) for 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.
Maximum 120 months.
  • 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.
  • 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.
    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.
    25% on purchase/invoice/estimated cost of assets to be purchased/works to be carried out.
    Processing fee/upfront fee (includes Legal, Valuation and Back Ground Information Report charges).
    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.
    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.