KBL Ghar Niveshan Loan
Embark on the journey of crafting your dream home with our loan for land purchase, designed for flexibility and convenience for the global Indian, ready to take on their dream project.With us, securing a home loan for land purchase becomes a clear and simple process. We offer competitive interest rates and adaptable repayment plans, recognizing the significance of your investment. Opt for our housing loan for land to begin building your dreams on a foundation of supportive and hassle-free loan specially designed for NRIs Read more
Why this loan is for you
Designed to give you just what you need
Finance your residential plot or converted site with ease and comfort
Up to 84 months repayment period for greater financial comfort for NRIs
Efficient online processing with quick approvals
Make matters simple and straightforward
A smart calculator for smart spending and savings
Home loan calculator
You will pay
₹13,800/Months
Eligibility criteria
Must construct a house within 5 years of plot purchase and be at least 21 years
- Salaried person: monthly salary ₹40,000
- Self-employed: minimum gross income ₹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 Ghar Niveshan 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
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Got questions? We’ve got answers
The loan offers a maximum tenure of up to 84 months, providing NRIs with a flexible repayment schedule to suit your financial plans.
Eligibility includes being an NRI above 21 years of age. For salaried NRIs, the age limit is 60 years, while for self-employed NRIs and agriculturists, it extends to 70 years. A key condition is the commitment to construct a house on the purchased land within 5 years of loan sanction.
Security involves mortgaging the residential site to be acquired with the bank. Additionally, a guarantee from the spouse or a suitable third party or family member acceptable to the bank is required.
Yes, property insurance is generally required for home loans to protect against unforeseen damages.
NRIs are required to pay 25% of the purchase or estimated cost as down payment or margin money, which is a standard practice in home-related loans.
There's a processing fee that includes charges for legal scrutiny, property valuation, and background information reports, which are standard for loan processing.
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.
This loan is a golden opportunity for NRIs to invest in land within India. This bespoke loan program paves the way for you to own a piece of your homeland, whether for investment or to build your future residence. With KBL, the process to secure a loan for NRI land purchase is transparent and customer-centric, ensuring you receive comprehensive support throughout your investment journey. By choosing KBL Ghar Niveshan Loan, you're not just purchasing land; you're investing in a legacy for generations to come. These housing loans for land are designed with an understanding of the NRI's perspective, offering competitive rates and a simple application process.
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.
