KBL Apna Ghar Home Loan
Tailored for the global NRI community, our KBL Apna Ghar Home Loan embodies a digital-first approach, offering a swift and effortless route to owning or renovating your home in India. Embrace the convenience of quick in-principle loan approvals, minimizing wait times and reducing paperwork. Whether it's purchasing, constructing, or renovating, our loan extends its support beyond mere home acquisition to include renovations and repair. Read more
Why this loan is for you
Designed to give you just what you need
Get your loan sanctioned in-principle swiftly through our digital process
Tailored options for NRIs to easily secure home loans
Repay loans comfortably with up to 30 years for construction
Make matters simple and straightforward
A smart calculator for smart spending and savings
Home loan calculator
You will pay
₹13,800/Months
Eligibility criteria
- Non resident of India (NRI) who is at least 18 years of age holding an Indian passport and having a regular source of income, either from employment in reputable organizations or as a self-employed professional
- Salaried: minimum monthly salary of ₹40,000
- Self-employed: Minimum gross income of ₹4,80,000
Documents required
- PAN card
- Aadhaar card or driver’s license
- Scanned or soft copy of KYC documents
As easy as 1,2,3...
Apply for a KBL Apna Ghar Home 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
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Got questions? We’ve got answers
You are prepay your loan as an NRI. For specific charges and conditions, it's best to refer to your loan agreement as terms vary per loan.
The loan tenure ranges from 1 to 30 years, offering flexibility based on your financial planning.
NRIs above 18 years of age with a stable income source and a combined age and loan tenure within 70 years are eligible.
A mortgage of the property being financed, which must have a clear and marketable title.
This refers to the portion of the property cost not covered by the loan, usually 15% to 25%, paid upfront by you at the time of loan disbursal.
A processing fee is charged, which includes legal, valuation, and background information report charges to process the loan efficiently.
EMI (Equated Monthly Installment) is the fixed monthly payment made to the bank, covering both interest and principal repayment.
EBLR (External Benchmark Lending Rate) is linked to a 10-year G-Sec (Government Security) rate, used by Karnataka Bank to determine floating home loan rates from 1st October, 2019.
Yes, you can prepay your loan. For the applicable charges and conditions, please refer to your loan agreement for exact terms and conditions of a particular loan when applying.
Begin by exploring our comprehensive guides and tools like loan calculators. They're designed to simplify the home-buying journey for NRIs.
Building your dream home in India is now a reality with KBL Apna Ghar Home Loan. This specialized loan is crafted for NRIs with the vision to construct their own home on Indian soil. Offering the advantage of competitive NRI house construction loan rates, it brings affordability to your construction plans. The program streamlines the funding for purchasing land, material, and labor, making the home-building journey as effortless as possible. What's more, the expert guidance from Karnataka Bank ensures your construction project stays on track from foundation to finish.
KBL's NRI home loans are a comprehensive financial solution for non-resident Indians aiming to buy, build, or renovate homes in India. Understanding the nuances of these loans is key—they're available to NRIs who want to invest in real estate in India, with the flexibility to cater to various financial situations and repayment capabilities. The loans cover a wide range of housing needs, from purchasing plots of land to buying ready-to-move-in properties. With transparent NRI home loan interest rates and a clear outline of the repayment schedule, Karnataka Bank stands out as a trusted partner for NRIs looking to establish roots in their home country.
