Hey there. The Kaveri Grameena Bank home loan interest rate starts at 8.45 percent per annum. One thing I’d like to inform you is that the Kaveri Grameena Bank comes under the Karnataka Gramin Bank, so I am sharing information from there. Being a bank employee, I can tell you that home loan interest rates depend a lot on your application. The factors that influence the interest rate include your monthly salary, existing EMIs, credit score, whether you’re a salaried or a self-employed applicant and the loan tenure. I am sharing more.
What are the Characteristics of Home Loan from Kaveri Grameen?
Here are the features of a home loan from Kaveri Grameena Bank:
Eligibility
You need to be aged between 21 years to 60 years.
The repayment of the final instalment shall not fall beyond 75 years, subject to the availability of enough consistent and continuous income sources for the repayment.
Repayment
Maximum period of 30 years, inclusive of the moratorium period.
The repayment must be fixed in a way that the entire loan is recovered before the main income-earning borrower turns 75 years of age.
Loan Amount
Self-employed applicant: 6 years gross annual income (average of last 3 years x 6).
Salaried Applicant: 72 times the last drawn gross salary.
This is all about the Kaveri Grameena Bank housing loan interest rate. I hope this helps.
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What is Kaveri Grameena Bank Home Loan Interest Rate?
arya
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1 Answers
2 months
2024-10-31T19:54:25+00:00 2024-10-31T19:54:26+00:00Comment
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