KBL Lease & Cash Loan
This unique service is designed for property owners who want to make the most out of their leased properties. Whether you're planning to renovate or invest in new ventures, we aim to help you unlock the hidden value of your property. It allows you to borrow up to 80% of your net rent receivables, so you can gain financial leverage. With an interest rate starting at 12% p.a, this could be a smart choice for those looking to capitalize on their property's earning potential while continuing to earn from it. Read more
Why this loan is for you
Designed to give you just what you need.
Borrow against your leased property's potential
Repay with ease from rental income
Access upto ₹5 crores with quick sanctions
Make matters simple and straightforward
A smart calculator for smart spending and savings
Emi Calculator
You will pay
₹13,800/Months
Eligibility criteria
- Bona fide owners of leased property
- Lessees must be reputable entities
- Same as Indian residents with FEMA guidelines’ compliance
Documents required
- Aadhaar and PAN cards of the applicant/guarantor
- Income proof
- Lease agreement
- Bank statement
- Net worth statement of directors/partners/co-obligants/guarantors
- License/approvals
- Sale agreement/sale deed/estimation
- Tax paid receipts
- Building plan
As easy as 1,2,3...
Apply for a KBL Lease & Cash Loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your loan is sanctioned
Explore other options for you
Trusted by thousands and handpicked for financial excellence
Got questions? We’ve got answers.
You have a maximum tenure of 120 months to repay the loan, providing ample time for financial planning.
Equated Monthly Installmen is a structured payment method that enables you to repay your loan in fixed monthly amounts. This includes both the interest and the principal, designed to reduce your loan balance while fitting into your monthly budget comfortably.
The loan is secured against your property already mortgaged with us, ensuring a straightforward process.
The interest rates for the Lease & Cash loan start at 9.93*%. The exact rate may vary depending on various factors such as your income, credit history, and the value of your collateral. Our competitive rates ensure that your overdraft facility is affordable and aligns with your financial situation.
The loan offers a flexible repayment tenure of up to 120 months, allowing you to plan your finances without any pressure.
The KBL Lease & Cash Loan is an innovative financial solution tailored for property owners looking to leverage their leased properties to their fullest potential. Whether you're eyeing renovations, planning to dive into new business ventures, or have other personal financial goals, this loan is designed to match your ambitions. By allowing you to borrow up to 80% of your net rent receivables, the KBL Lease & Cash Loan enables you to tap into the hidden value of your property, providing a substantial loan amount of up to ₹5 crore. With a comfortable repayment tenure of up to 120 months, you can harness your property's earning capacity while enjoying the benefits of continued income from it.
Interest rates are a pivotal factor in any loan decision, and with KBL's Lease & Cash loan, you can benefit from an attractive starting rate of 9.93*% p.a. This competitive interest rate is structured to balance affordability with the flexibility of a secured loan, ensuring that your financial planning is both prudent and practical. At Karnataka Bank, we are committed to transparent lending practices, helping you to plan your finances with a clear understanding of the cost of borrowing. This way, you can make informed decisions and enjoy the financial latitude to realize your property's potential without undue strain on your finances.
Do assess your financial stability and ability to repay before taking the loan. Ensure that the purpose of the loan justifies the risk of pledging a property. It's advisable to have insurance on the property to protect against unforeseen circumstances. Don't underestimate the costs associated with the loan, including processing fees and potential prepayment penalties. Avoid over-leveraging your property, and always have a contingency plan for repayments in case of financial setbacks.
