What is Karnataka Bank Home Loan Interest Rate?

Karnataka Bank offers a variety of home-loan schemes each with distinct interest-rate ranges depending on the purpose of the loan and the borrower’s profile. The home loan rate of interest in Karnataka Bank for the flagship scheme KBL Xpress home loan(used for purchase, construction, renovation or extension of a house/flat) starts at around 8.21% p.a. under normal circumstances.

1. For the interior/renovation-specific scheme KBL Home Comfort, which covers furnishing/finishing/solar systems etc., the starting rate is around 9.36% p.a.

2. And for the plot/land purchase scheme KBL Ghar Niveshan, which finances the purchase of a residential site/plot for subsequent house construction, interest rates typically start at approximately 9.39% p.a. or slightly higher depending on tenure and borrower profile.

It’s important to note these ranges are “starting from” values and actual offered rate will depend on factors like loan amount, tenure, borrower’s income, credit history, property location, and whether it’s a salaried/self-employed profile.

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Hey buddy. I have an account with Karnataka Bank. When I was looking for a home loan, I checked out the Karnataka Bank home loan interest rate, and the rate was low. The interest rates here vary based on the loan type, amount, and purpose. For a standard home loan, rates start from 8.75% per annum. However, I found this can go high depending on the scheme. I have added the latest rates for various schemes below for you.

What is the Karnataka Bank Housing Loan Rate of Interest?

If you\'re planning to buy a house, renovate, furnish, or even purchase a plot, Karnataka Bank has different loan options with specific rates. Here are the rates I came across.

I finally took out a home loan at 8.89% p.a. I hope you understand the Karnataka Bank housing loan interest rate.

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Also Read: 

What are the Required Documents for Karnataka Bank Home Loan? 

My brother works in loan department of Karnataka Bank, so I can tell you the Karnataka Bank home loan interest rate. The interest rate for Karnataka Bank home loans starts at 8.58%. Additionally, this bank offers a variety of housing schemes, with different interest rates associated with each plan. I have provided the interest rates for every Karnataka Bank housing scheme below for your reference.

What is the Karnataka Bank Housing Loan Rate Of Interest?

Several variables, including the state of the market, the borrower's creditworthiness, and the loan amount, usually affect the rate. You can find the interest rate of all the housing scheme from the below table:

Since Karnataka Bank home loans have such competitive interest rates, they are a desirable choice for borrowers. You can also get competitive interest rates and hassle free loan application from the below link: 

I hope you get an idea of the KBL home loan interest rate. ?