Karnataka Bank KBL Mortgage Loan

A Mortgage Loan from Karnataka Bank to meet your financial needs

One of the best loan schemes to pare down your debt

Karnataka Bank KBL Mortgage Loan

This loan helps borrowers get access to funds by mortgaging their property to meet their urgent financial needs. Borrowers can avail this loan to purchase a new property, pay for renovation or repair of their home, child’s wedding expenses, dream vacation, medical exigencies, debt consolidation and so on.

Features of Karnataka Bank Loan Against Property

Why this Loan?

  • The Karnataka Bank KBL Mortgage Loan is meant for borrowers who want to avail financial assistance by pledging their property to the bank to meet their urgent financial needs other than for capital market, trading or speculative purposes
  • This loan can also be repurposed into a consolidation loan to pay off high-interest debts

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 5 crore


  • This loan must be repaid within 10 years


  • As of June 2020, the interest rate applicable to this loan may range from 10.80% to 11.75%


  • The applicants must be above the age of 21 years
  • Indian residents (salaried and self-employed individuals) with minimum annual gross income of Rs. 1.2 lakh are eligible for this loan
  • NRIs holding an Indian passport with a minimum annual gross income of Rs. 12 lakh are eligible for this loan

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property
  • Third-party guarantee may also be required depending on a case-to-case basis

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
  • Property related documents

Reference Facts

  • Karnataka Bank Website: www.karnatakabank.com
  • Headquarters: Mangalore, Karnataka
  • Call Centre Toll-Free Number: 1800 425 1444