Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 729 users
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Bangalore also known as Bengaluru, is the capital of the Indian state of Karnataka. It is India's third-largest city.In recent years, Bangalore propelled to be the forefront of the high-tech industry boom in India, and it currently ranks as India's most developed city and one of the world's fastest growing urban areas.

Home loans, also known as mortgages, use the borrower's home for collateral. This home can be a single-family house up to a four-unit property, as well as a cooperative unit. Lenders fund home loans, but both the lenders themselves and brokers who act on behalf of the lenders originate, or process, them.


You’re probably eligible for an Bangalore Home Loan if you are

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02
03
04
Bangalore Home Loan Minimum Age

At least 21 years old

 Bangalore Home Loan Maximum Age

Less than 65 years old

Bangalore Home Loan Eligible Employment Type

Salaried / Self-employed
with regular income

Bangalore Home Loan Minimum Income

Earn more than the minimum
income required


Your Bangalore Home Loan amount eligibility is based on these factors

01
02
03
Bangalore Home Loan Minimum Salary

EMI limited to about 50%
of monthly income

Bangalore Home Loan Maximum Loan to property value

Loan capped @ 75% - 85% on property value

Bangalore Home Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible Bangalore Home Loan amount by these steps

01
02
03
Bangalore Home Loan Add Spouse as Co-applicant

Make your spouse a co-applicant,
and her income will add
to your eligibility

Bangalore Home Loan Maximum Tenure

Choose longer tenure loan up to 20 - 30 years

Bangalore Home Loan Add parents as Co-applicant

Alternatively add your parents


Documentation needed to apply for an Bangalore Home Loan

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Processing fee cheque
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary – slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:

    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Bangalore Home Loan Interest RatesUpdated on 27 Jan 2015

Bangalore Home Loan Details
Interest Rate (Monthly reducing balance) 10% - 10.5%
Processing Fees 0.50% of Loan
Loan Tenure 1 year to 20 - 30 years
Partial pre-payment Charges Nil
Pre-closure Charges Nil

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Bangalore Home Loan Reviews

Customer Reviews
Page 1 of 37 1 2 3 4 5
  • (1)

    Hi, I had taken a HL from SBI and I am very satisfied with the service till now. Initially, they took more time for verification/title-clear, but later on I found that there verification is on of the most stringent. It means that any illegal land/property will not get loan approval. Even the customer service has improved a lot in past few years.

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    vaibhav took a Home Loan from STATE BANK OF INDIA Reviewed on
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    (0)

    As its a resale property, I did know about IDBI through the previous person who had taken home loan. Even the paper work was less as its a pre approved loan. Interest rate is very less at that point of time.

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    palguna took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (0)

    HDFC LTD housing loan is good , the only thing is response should be increased. I am happy with HDFC LTD as the rate of interest offered by them is a very good one. They have very good network. Loan process was very simple and it took a monthâ??s time to process the request.

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    rahul took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Actually, I have approached HDFC LTD Housing loan . Initially I was told that I am not eligible for the loan amount that I wanted . I have requested them to offer around 15 to 20 lakhs. However, they said that they can offer only 10 lakhs. Rate of interest offered by them was a little high and processing fee is on the higher side.

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    shree took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I placed a request for the housing loan with HDFC LTD. Due to personal commitments I have post-ponded the idea of taking this housing loan. I dont recall the interest rate offered by them and processing fee charged by them was ok . They followed a structured process and response provided by them was really good. Did not have any experience so I am unable to comment more about them.

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    rajan took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I am holding a housing loan with Axis bank. Service provided by them was really good. Response provided by them is also good. When I did not get any response from HDFC LTD AXIS bank responded me at the right time. They took around 10 to 15 days of time to respond . The only drawback is the rate of interest.

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    amit took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have taken a housing finance with LIC. Infact private banks have denied to offer loan for the property which I have chosen. LIC has was ready to offer me a loan for the same property. The response provided by them was really good. Rate of interest offered by them was 10.10%. Payment options are excellent and I pay by ECS. In case of part payment I have to visit the Branch.

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    makendrn took a Home Loan from LIC HOUSING FINANCE on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I had contacted HDFC LTD for the housing loan , the problem was villa which I have chosen will not come under the Corporation Area. They were unable to offer the loan so it did not proceed further. Meanwhile, I had contacted LIC Housing finance there were able to offer the housing loan for the villa I which I have chosen and so I have taken a loan from them.

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    makendrn took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have approached for a housing loan with HDFC LTD. Processing fee of 11k charged however SBI does not charge . Customer service offered by them was really good. Interest rate offered by them was a standard one. Documentation process was very simple.

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    nilaf took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    HDFC LTD is fine, just that I have postponed the idea of taking the housing loan. They have to work on the clarity of information as there was some mismatch with the information provided by them. Rate of interest offered by them was also less. the idea of . I had conversed with the servicing team once or twice only and I am happy with the way they clarified my doubts.

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    manjunath took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I am unhappy with the rate of interest and processing fee offered by HDFC LTD for housing loan. Ad visors were good, however I guess they dont have access to all the information. I have applied for the housing loan with ICICI Bank. I am waiting for a positive reply. Offers were limited with HDFC LTD and I am happy with the service offered by them.

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    thiyagarajan took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    The services was good when I applied for a home loan in Allahabad bank.The rate of interest was 10.15% which is floating and reasonable. The processing fees was Rs.1800 which was reasonable. The customer support was good. The total tenure of the loan is 20 years.

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    subramanyam took a Home Loan from ALLAHABAD BANK Reviewed on
  • Validated User
    (0)

    I have taken a housing loan with ICICI Bank. I have applied this online. Its an on going one. I am in need of some more amount and hence I have planned to apply for a top up loan also. The processing fees and charges are nominal . However if they is any raise in interest rates,as per RBI guidelines they will increase it and it will be line with RBI rates only.

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    s took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have postponed the idea of taking this housing loan with HDFC LTD . Actually after enquiry I got to know that they can provide only 10% of the plot cost. Later, I changed my plan . I have decided to purchase a land first and then I will construct the property.

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    ravi took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    HDFC limited is good as initially I did have a good experience in terms of land purchase. In terms of home loan, I need to approach the branch which didn't work out. I am very much happy with their rate of interest.

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    sharaschandra took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Its a hassle free documentation as well as processing was easier with LIC housing finance in availing home loan. Even the disbursement was too faster. The sales guy Rajesh did a wonderful job and would like to appreciate him.

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    sharaschandra took a Home Loan from LIC HOUSING FINANCE on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Initially the processing and the experience was fine. But it was disappointing when they deducted me with an insurance policy without any prior intimation. I also requested them to cancel the same but still I have not got the amount yet. Apart from this the name details was updated differently in the forms and it was a big deal for me to change the same because of which I was not able to file the tax returns in my company.

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    mamatha took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I am holding a housing loan with HDFC LTD. They have contacted me immediately once after placing my request. Documentation process was very simple they took around 3 weeks time for approval. They took around 1 month time to complete the entire process. The only drawback is, they never asked me which branch I am interested with, as I was allotted Jay nagar whereas Martahalli is near by to my location.

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    anand took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Tenure is 15 years and I am very much satisfied with ICICI bank. Actually my family is banking for more than 8 years. Interest rate was 10% for home loan and EMI is around 19000. EMI date is 6th of every month. No issues with ICICI bank as penalty charge is reasonable if I donâ??t pay EMI date on time but it never happened till date.

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    amit took a Home Loan from ICICI BANK Reviewed on
  • Validated User
    (0)

    I am holding a housing loan with HDFC LTD. The executive came to my place on time for documents collection. The loan was approved on time. Officials were friendly . They were able to meet the customers expectation and its a on going loan and overall its been great.

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    vijayasimha took a Home Loan from HDFC LIMITED Reviewed on
Customer Reviews
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