KBL Lease & Cash Loan
Designed for NRIs owning leased properties in India, this exclusive service presents an opportunity to augment the property's worth significantly. Ideal for property enhancements or venturing into new investment territories, it enables leveraging up to 80% of your net rental income. This sophisticated financial tool empowers you to utilize your rental proceeds effectively while concurrently unlocking additional capital for upscale investments and property enhancements. Read more
Why this loan is for you
Designed to give you just what you need
Borrow against your leased Indian property's potential
Repay with ease from rental income from India
Access up to ₹5 crore 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
- Non resident of India (NRI)
- Individuals compliant with with FEMA guidelines
- Bona fide owners of residential properties
- Lessees must be reputable entities
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 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
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Got questions? We’ve got answers
NRIs can opt for a maximum tenure of 120 months to repay the loan, allowing ample time for strategic financial planning and budgeting.
The loan requires a mortgage of leased property or any other commercial/residential property, with the mortgaged property's value being at least 150% of the loan amount.
Typically, up to 80% of the property's cost is financed, with the remaining 20% paid upfront as down payment or margin money.
While the loan accepts a mortgage of leased property or any other commercial/residential property, it specifically excludes industrial and agricultural properties from being used as collateral.
To download the KBL Mobile Plus app, visit the Google Play Store or Apple App Store on your mobile device. Search for 'KBL Mobile Plus' in the store, select the app published by Karnataka Bank, and click 'Install' to download it onto your device.
NRIs are subject to a processing fee, which includes expenses for legal checks, property valuation, and obtaining background reports.
Equated Monthly Installment is a systematic payment method for NRIs to repay loans in fixed monthly amounts, combining both the interest and principal. This structure facilitates a smooth reduction of the loan balance, aligning comfortably with monthly financial planning.
EMI (Equated Monthly Installment) is the fixed monthly payment made to the bank, covering both interest and principal repayment.
Yes, NRIs can use the KBL Lease & Cash Loan not only for property renovation or repair but also for investing in new ventures. This flexibility makes it a suitable option for NRIs looking to expand their business interests in India.
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.
Maximize your property's potential with the KBL Lease & Cash Loan, an innovative financial solution crafted for property owners. This unique service empowers you to harness the economic value of your leased property, offering a substantial max loan amount of up to ₹5 crore. Ideal for property owners planning renovations or aspiring to dive into new investment opportunities, it ensures that your assets continue to work for you. With the option to borrow up to 80% of your net rent receivables, the KBL Lease & Cash Loan provides substantial financial leverage, allowing for significant capital access while you continue to benefit from rental income. The interest rate is competitively set, starting at 12% p.a., making this a prudent choice for those aiming to utilize their property's earning power effectively. Plus, with a generous loan tenure of up to 120 months, you have ample time to repay at a pace that suits your financial plan. Unlock the hidden value of your leased property with Karnataka Bank and watch as your investments reach new heights.
Non-resident Indians seeking to unlock the financial potential of their assets in India can take advantage of NRI loans against property. This type of loan is a prudent way to access funds for various personal and business purposes without liquidating your property. Whether you're planning to invest in new ventures, fund educational pursuits abroad, or cover unforeseen expenses, an NRI LAP loan provides the capital you need with the assurance of keeping your property. With attractive interest rates tailored for the NRI community, you can enjoy the dual benefits of liquidity and ownership. Karnataka Bank makes it easier for you to harness the value of your real estate investments in India, offering a secure and efficient lending service that respects your financial goals and the significance of your property holdings.
