KBL Mortgage Loan
A financial solution where you use your property as security for meeting various needs like business expansion, home repair or personal use. This mortgage loan is designed to fit many of your needs — whether you live in India or are an NRI. We make the process easy, so you can get the funds you need quickly at a fair price. Experience the ease of leveraging your property's value with our supportive and straightforward loan process, empowering you to achieve your goals without selling your asset. Read more
Why this loan is for you
Designed to give you just what you need
Catering diverse needs like business, education, and home renovation
Flexible repayment options for NRI depending on different circumstances
Offering interest rates that are hard to resist and competitive
Make matters simple and straightforward
A smart calculator for smart spending and savings
Emi 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
- Non resident of India (NRI) who is at least 21 years of age holding an Indian passport and having a regular source of income
- Salaried person: monthly salary ₹1,00,000
- Self-employed: minimum gross income ₹12,00,000
- Individuals compliant with with FEMA guidelines
- Bona fide owners of residential/commercial properties
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 Mortgage 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
This loan allows NRIs to borrow funds by mortgaging property in India. It's suitable for various purposes such as business investments, house repairs, or renovations, offering a flexible financial solution for leveraging Indian assets.
NRIs can choose a loan tenure of up to 120 months, providing flexibility in repayment to suit their financial planning.
The loans require mortgaging residential or commercial properties in India, with a possible need for a third-party or family member's guarantee, depending on the bank's requirements.
Yes, property insurance is generally required for home loans to protect against unforeseen damages.
Typically, banks finance about 67% of the property's cost, with the borrower arranging the remaining 33% as down payment or margin money. For properties already mortgaged, a minimum of 50% margin is needed on the value exceeding 110% of the existing liabilities against the property.
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.
Yes, NRIs can use these loans for property development or improvement in India.
The KBL Mortgage Loan extends a helping hand to NRIs looking to mortgage their property in India. It provides a solid foundation for financing various needs—from your child's overseas education to business investments. With a NRI mortgage loan, enjoy the benefits of a secured loan, such as lower interest rates and higher loan amounts, tailored to suit your long-term financial plans. Karnataka Bank ensures a smooth and transparent process, allowing you to use your property's value to your advantage while retaining ownership.
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.
