The bank has entered
into a strategic technological tie up with the worldwide reputed company - Infosys
Technologies Ltd., to implement in the bank, the centralized core banking solution
"Finacle", which will provide anywhere banking, ATM and Internet Banking
facilities.
Housing Loans scheme
a)For
NRIs:
Non resident Indians holding Indian passport and having permanent job or self employed
with a minimum monthly income of Rs.10,000/- are eligible. They should also have operative
account with our branch with regular operations for at least one year. Loans are granted
upto Rs.10 lakhs for construction of house or purchase of house/flat. The period of loan
may be upto 10 years. Loans can be repaid from direct remittance from abroad ,under debit
to NRE/FCNR/NRO account of borrower or from the rental income of the mortgaged property.
Repayment in rupees is also allowed in case of permanent settlement of the NRI borrower in
India.
Non resident Indians holding Indian passport and having permanent job or self employed
with a minimum monthly income of Rs.10,000/- are eligible. They should also have operative
account with our branch with regular operations for at least one year. Loans are granted
upto Rs.10 lakhs for construction of house or purchase of house/flat. The period of loan
may be upto 10 years. Loans can be repaid from direct remittance from abroad ,under debit
to NRE/FCNR/NRO account of borrower or from the rental income of the mortgaged property.
Repayment in rupees is also allowed in case of permanent settlement of the NRI borrower in
India.
b) General:
Besides construction of residential houses,loans are also given for
education,health,
social,cultural or other institutions/centres which are part of a housing project and
which are necessary for the development of settlement or townships,shopping complexes
forming part of a housing project.Maximum amount is Rs.15 lakhs per
borrower/unit.Repayment period may extend upto 15 years.
For further
details : www.thekarnatakabankltd.com
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