News Karnataka
Tuesday, February 11 2025
Mangaluru

Karnataka Bank launches Spl campaign for car, home loan schemes

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Newskarnataka-Mangalore

Mangalore :  P Jayaram Bhat, Managing Director and CEO of Karnataka Bank launched a Pan India Special Campaign for home and car loan schemes with attractive terms and concessions. Processing fee and  periodic administrative charges for the loans are waived during the campaign period.

The inaugural was held at the Bank’s Head Office on October 7, Monday. The Bank is offering Home loans up to Rs 75 lakhs at its Base Rate, being the lowest permissible interest rate. Extended holiday period also will be provided with no extra interest rate for house construction loans.

Car Loans are sanctioned up to 85% of the on-road price of new vehicle with repayment period up to 7 years, at competitive interest rates. The offer is valid up to 31-01-2014.

In his address, Jayaram Bhat said  the festive season offer is targeted at customers who want to own a house and a car. The Bank also has a system of  speedy sanction through TAT (Turn Around Time) of seven working days for housing loans and two days for car loans.

Several bank officials including Mahabaleshwara M.S, Chief General Manager, N.Upendra Prabhu and M.V.C.S.Karanth, General Managers, V.N.Manohar, Subhaschandra Puranik and Chandrashekar Rao B, Deputy General Managers, Venkatakrishna Bhat, P.Kashinath, Nirmal Kumar K Hegde, Assistant General Managers  and others were present.

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