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Karnataka Bank - Kolkata Home,Personal,Education Loan

At Karnataka Bank, we understand that all customers are different in unique ways, which is why, regardless of the size of your business or your aspirations, we treat every one as individual and special. This means offering you choices, not only in relation to our products and services but also in the way you interact with us. We understand the changes in your lifestyle, recognize these changes and support you with a high standard of professionalism and service.
Loan Details

A family man has different financial needs at different stages in his life. By understanding your changing financial needs, we have developed products that cater to your every step in life, be it luxury or providing quality standard of life to your family.The products we offer to you are honest in intent and quality in content. It offers you the individuality with respect to your needs and to your earnings. And most of all, it comes with understanding you and your special individual needs.

Education Loan:
Who is eligible?

Any student, representing himself / herself if major, or a minor student represented by parent or guardian, of Indian nationality, who has secured admission to a professional / technical / other course, in India or abroad.

What are the courses eligible for finance?

Studies in India - Graduate Courses - B.A., B.Sc., B.Com., B.C.A., B.B.M., Diploma in Engineering, Post Graduate Courses - Masters and Ph.D; Professional Courses - Engineering, Medical, Agriculture, Nursing, Veterinary, Law, Dental, Management, Computer, Pharmacy, Physiotherapy, Hotel Management, ICWA, CA, CFA; Courses conducted by IIM, IIT, XLRI, NIFT; Courses offered in India by reputed foreign universities; Evening Courses of approved Institutes; Other Courses leading to Diploma / Degree conducted by Colleges / Universities approved by UGC / GOVT. / AICTE / AIBMS / ICMR; Courses offered by National Institutes and other reputed private Institutions.

Studies Abroad - Graduation - Only for job oriented professional / technical courses offered by the reputed Universities; Post Graduation - MCA, MBA, MS; Courses conducted by CIMA-London, CPA in USA etc.

What is the amount of loan available?

For studies in India - a maximum of Rs.10 lakh. For studies abroad - a maximum of Rs.20 lakh.

What kind of expenses does the loan cover?

Tuition Fees, Hostel Fees and Boarding and Lodging Fees if resident outside Hostel; Examination / Laboratory and Library Fees; Purchase of Books / Study material / Equipment and Uniforms; Caution Deposit / Building Fund / Refundable Deposits (supported by Receipts issued by the Institution); Travel expenses / passage money for study abroad; Purchase of Computer if certified as essential for completion of course; other expenses like Project Work, Study Tour and Thesis, which are necessary for completion of course.

What is the amount of margin money required?

Loan upto Rs.4 lakh - No margin required.

Loan above Rs.4 lakh - 5% for studies in India and 15% for studies abroad. Scholarship / apprenticeship may be reckoned as part of margin. Margin may be brought in on year-to-year basis as and when disbursements are made, on a pro-rata basis.


Up to Rs.4 lakh - No security.

Above Rs.4 lakh and upto Rs.7.50 lakh

Personal Loan:
Who is Eligible?

Permanent employees of listed companies, schools, colleges and universities aged not over 55 years and having a minimum remaining service of 3 years.


a) Purchase of household articles / consumer durables. b) Children's education. c) Marriage and thread ceremony of self / dependants. d) Medical expenses of self / dependants. e) Obsequies expenses. f) Repair of own house.

Amount of Loan

Maximum 10 times of monthly gross salary. Maximum quantum of loan is Rs.5 lakh. Period of Loan - Upto 5 years.


Up to Rs 2.00 Lakh - Co-obligation of solvent party / co-employee who should be a permanent employee of reputed companies, schools, colleges or universities.

Above Rs 2.00 Lakh - Co-obligation of solvent party / co-employee who should be a permanent employee of reputed companies, schools, colleges or universities and Liquid security of LIC policies(SV), NSC, deposits to the extent of 25% of the limit

Home Loan:
Who is Eligible ?

a) Individuals who are residents of India. b) Salaried persons aged 21 years and above. They should be in confirmed service in the present employment and must have total regular employment for a minimum period of 3 years and a minimum gross monthly salary of Rs. 6000/-. c) Businessmen / Professionals / self employed persons aged 21 years and above. Further, the period of loan plus age of the borrower should not exceed 70 years. They should be in business for a minimum period of 3 years and a minimum gross annual income of Rs.60,000/-.


a)Construction / purchase of house / flat. b) Renovation / remodeling / repair to existing house / flat.

Amount of Finance

For purchase / construction

a) 60 times the last drawn monthly take home (net) salary in case of salaried persons Or b) 5 times the latest annual net income + depreciation provided, if any, as per Profit & Loss A/c in case of traders / professionals / self employed persons Or c) Rs.50 lakh.

whichever is lower.

For renovation / repairs

Upto Rs.10 lakh or 40% of the value of the house / flat, whichever is lower.

Period of Loan

Upto 15 years. Repayment holiday upto 18 months considered.


a) Mortgage of house property to be constructed / purchased / repaired / remodeled / renovated. b) Guarantee of the spouse wherever feasible in the absence of which third party solvent guarantor.


In equal / equated monthly installments (EMIs).

Margin • 20% for construction of a house on a land already owned. • 25% of the total cost in the case of a house / flat not older than 5 years. • 30% of the total cost in the case of a house / flat over 5 years old but not older than 20 years. • 30% of the cost for renovation / repair, subject to maintaining 40% margin on the value of the house / flat.

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