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 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 Read less
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 different circumstances
Offering interest rates that are hard to resist
Make matters simple and straightforward
A smart calculator for smart spending and savings
Emi Calculator
You will pay
₹13,800/Months
Eligibility criteria
Individuals of 21 years of age holding an Indian passport
- Salaried person: monthly salary of ₹10,000
- Self-employed: annual income of ₹1,20,000
- Salaried person: monthly salary of ₹1,00,000
- Self-employed: minimum gross income ₹12,00,000
Documents required
- Aadhaar and PAN cards of the applicant/borrower, directors/partners/co-obligants/guarantors
- Building plan
- Net worth statement of directors/partners/co-obligants/guarantors
- Tax paid receipts
- Income proof
- Bank statement
As easy as 1,2,3...
Apply for a KBL Mortgage Loan against property 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
Explore other options for you
Trusted by thousands and handpicked for financial excellence
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. v
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.
The KBL Mortgage Loan is a versatile financial solution, designed to cater to a variety of your requirements, be it business expansion, educational expenses, or home renovations. Leveraging your property as security, we offer loans up to ₹750 lakh with competitive interest rates starting at 9.93*% -12.93*% p.a. Our loan tenure extends up to 120 months, providing you with ample time to manage repayments conveniently. Whether you're residing in India or you're an NRI, our mortgage loan process is straightforward, allowing you to unlock the value of your property efficiently and without hassle.
he 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.
