KBL Mortage - NRI Loan Against Property

  • NRIs holding an Indian passport.
  • Minimum age Limit: 21 years.
  • Salaried Person: Minimum gross monthly salary ₹1 lakh.
  • Others: Minimum Annual gross income of ₹12 lakh.
  • As on date of application, the applicant should have a regular source of income from a gainful employment in reputed companies/ organizations/ Government Departments or they should be Self Employed Professionals.
  • In case of NRIs, the purpose should be as permitted under FEMA guidelines.
  • Should be bonafide owners of residential/commercial properties.
  • Up to 120 months.
  • Mortgage of properties.
  • Guarantee of the spouse wherever feasible in the absence of which third party solvent guarantor
  • General: In equal / equated monthly installments (EMIs).
  • Agriculturist: Yearly basis including yearly interest.
  • Up to 67%


  • For meeting business/professional needs, House repair, House renovation, development of property and also for consumption purpose.
  • In case of NRIs, the purpose should be as permitted under FEMA guidelines.

Amount of Finance:

  • Three times of the average annual income of last two years/36 times the latest take home salary/50% of the market value of the property(40 % of market value for industrial properties).
  • Subjected to a minimum of ₹11 lakh and maximum of ₹500 lakh.

The above information is subject to terms and conditions.For more details, please contact the nearest Branch

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Frequently Asked Questions (FAQs) for KBL Mortgage Loan

Mortgage loan is the money borrowed from a bank on interest for meeting business/professional needs, house repair, house renovation, development of property and also for consumption purpose.
Maximum 120 months.
  • All Individuals who are resident of India and NRIs holding an Indian passport.
  • Above 18 years of age.
  • Maximum age limit is 70 years.
  • Mortgage of properties residential or commercial (Industrial and Agriculture properties are not permitted).
  • Guarantee of a suitable third party/family member, acceptable to the Bank.
Generally, banking & finance institutions finance up to 67% of the cost of the property bought. The remaining 33% of the amount is paid on an up-front basis, which is popularly known as the down payment/margin money.
  • In case of residential/commercial properties:33%
  • In case of already mortgaged properties: Minimum 50% margin shall be maintained on the surplus value above 110% of the existing liabilities against the said property.
Processing fee / upfront fee(Legal, Valuation and Background Information Report charge)
EMI or Equated Monthly Instalment is a fixed amount repaid by you to the bank on a specific date every month. The EMI's are fixed when you borrow money from the bank as a loan. EMI's are used to pay both interest and principal amount of a loan in a way that over a specific number of years, the loan amount is repaid in full to the bank along with interest.
EBLR stands for External Benchmark Lending Rate. Karnataka Bank has adopted 6 Months T-Bill (Treasury Bill) as the external benchmark to link its floating rate with effect from 01.10.2019.