Your property, your power
Turn your property into a powerful financial tool with our loans against property. This loan lets you use your house or commercial property as security to get funds. It's a great way to get money for important needs like starting a business, education, or emergencies without selling your property. You get to keep your property while using its value to borrow money. Our loan against property comes with easy-to-handle interest rates and repayment plans that fit your budget, making it a smart choice for those who need extra funds and have property to use as security. Read more Read less
Make matters simple and straightforward
A smart calculator for smart spending and savings
Home loan calculator
You will pay
₹13,800/Months
Why choose our loans against property
Getting you where you need to go
Offers loans up to 70% of the property value for maximum leverage
Your interest is recalculated every day, reducing the total interest owed
Educated team of experts to guide you
Who can apply for loans against property
- Individuals who are resident of India
- Individuals at least 18 years old
- NRIs holding an Indian passport
- Minimum salary of ₹10,000 for salaried
- Minimum income of ₹120,000 for businessmen and self employed
BANKING WITH YOU
Here for you, always
24/7 support for your banking needs
Banking with trust, expertise and care
Expanding the KBL family everyday
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Mr. Shadul Umaji Yadhav
KBL Mobile Plus
“I just wanted to open a new personal account. So my business partner recommended me to open an account in Karnataka Bank and I am quite happy with my decision. They (the staff) are very kind, very supportive and they attend to you very well.”
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KBL Mobile Plus
Got questions? We’ve got answers.
It is a loan where you use your property as collateral to borrow funds. We offer this loan for various personal or business purposes, providing a secure way to access funds. You can use both residential and commercial properties as collateral for these loans.
Both residential and commercial properties can be used as collateral. The property should have a clear title and meet our valuation criteria.
Prepayment charges may apply as per the terms and conditions of the loan. We recommend discussing this with our loan officer for detailed information.
Interest is calculated on a daily reducing balance method, which can be more beneficial compared to the traditional monthly reducing method. Check out our smart calculators to know more.
The loan offers a flexible repayment tenure of up to 120 months, allowing you to plan your finances without any pressure.
Loans taken against a property are secured loans where borrowers pledge their property as collateral. They can be used for a variety of purposes, including business expansion, education, medical emergencies, or other personal needs. The key advantage is the relatively lower interest rate compared to unsecured loans, as the risk to the lender is reduced by the collateral. The loan amount is typically a percentage of the property's market value, usually ranging between 40%-70%. These loans offer flexibility in terms of both the loan amount and repayment tenure, which can extend up to 15-20 years. We offer tailored solutions to meet your large funding requirements, with clear loan against property eligibility criteria and transparent loan against property interest rate. Utilize our loan against property calculator for a clear understanding of your borrowing potential and plan your finances effectively with our secured lending against property options.
The interest rates on loans against property are generally lower than unsecured loans but higher than home loans, reflecting the mixed risk profile. These rates can be fixed or floating, and it's crucial to understand how rate fluctuations can impact your repayments. When considering a loan like this, evaluate the loan-to-value ratio, interest rate, processing fees, and other charges. It’s important to have a clear repayment plan, as defaulting on the loan can lead to the loss of the pledged property.
Do assess your financial stability and ability to repay before taking the loan. Ensure that the purpose of the loan justifies the risk of pledging a property. It's advisable to have insurance on the property to protect against unforeseen circumstances. Don't underestimate the costs associated with the loan, including processing fees and potential prepayment penalties. Avoid over-leveraging your property, and always have a contingency plan for repayments in case of financial setbacks.
