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KBL Lease N Cash

KBL LEASE N CASH

FINANCE FOR MEETING CREDIT REQUIREMENT OF PROPERTY OWNERS

SIMPLE PROCESSING AND QUICK SANCTION

Property Loan (Property Lease Cash)

  • Applicants should be bona fide owners of the leased property.
  • The lessees shall be a reputed and established entity
  • Maximum up to 120 months
  • Mortgage of leased property or any other commercial/residential property.
  • Equal/Equated Monthly Installments out of rent receipts.
  • 20% on net rent receivables.

Purpose:

  • For repair, renovation, investment.

Amount of Finance:

  • Up to 80% of the Net Rent Receivables OR net rent of residual lease period, whichever is less subjected to Maximum ₹500 Lakhs.

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- Lease n Cash

KBL – Lease n Cash is the money borrowed from the bank for repair, renovation, investment etc.
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 leased property or any other commercial/residential property be offered [Industrial and Agricultural properties are not permitted].
  • The value of the Mortgaged Property shall not be less than 150% of loan amount.
Generally, banking & finance institutions finance upto 80% of the cost of the property bought. The remaining 20% of the amount is paid on an up-front basis, which is popularly known as the down payment/margin money.
20% on net rent receivables.
Processing fee/upfront fee (includes Legal, Valuation and Back Ground Information Report charges).
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.