Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 636 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

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02
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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
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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 24 Nov 2014

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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News about Bangalore Home Loan


Bangalore Home Loan Reviews

Customer Reviews
Page 1 of 32 1 2 3 4 5
  • Validated User
    (0)

    I applied home loan with HDFC Limited which was excellent. I got my loan within a time span of 7 days which is of Rs.22 lakhs. I would say that the customer support executive took the responsibility and helped me in processing the loan without any issues. I just applied the loan and within no time I got the disbursement which is appreciable. I would also like to mention that HDFC Limited was very good in their services other than any financial corporation in the market.

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    anand took a Home Loan from HDFC LIMITED Reviewed on
  • Validated User
    (1)

    As there was no positive response from HDFC limited in terms of home loan application,not able to go ahead further. Experience was good however the exact reason was given and was stated that at this time, not able to process which was not satisfactory. The good part was that they responded well and the courtesy of the customer service team was good. The disappointing part was that my home loan was getting approved however here there was no reason provided.

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

    Experience was quite ok with HDFC limited however due to job stability issue, I was not able to continue further. Even the customer relationship officer did provide the actual reason of rejection of home loan and I felt happy about it as it is scope of improvisation.

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

    Experience was quite ok with HDFC limited however due to job stability issue, I was not able to continue further. Even the customer relationship officer did provide the actual reason of rejection and I felt happy about it as it is scope of improvisation.

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

    I felt this is not the right time to take up the home loan from HDFC limited due to few personal issues. Even property was not doable and the rejection reason had been intimated to me in a proper way. One thing which wants to be considered is the interest rate and processing charges which is at higher end.

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

    As the response was too delayed from HDFC limited in terms of home loan, I did cancel my idea of availing home loan from them. I did expected faster response since as a customer I would not like to wait for it. If a lucrative interest rate offered, it would be better.

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    sandipan took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (1)

    Offers and the interest rate provided by State bank of India for home loan is lesser than other banks. The processing time is faster compared with other banks. Partial payment option is provided and even there is no charges which is quite good. There was a waive off charges which was helpful and 10.10% is the interest rate.

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    sandipan took a Home Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User
    (0)

    HDFC LTD was unable to provide me a home loan and my loan application has been closed as of now. I was confirmed by one of the representative from HDFC that the project was approved and the loan will be sanctioned for sure. Believing his words I had paid the processing fee to HDFC. Finally they came back to me stating that they were unable to offer me the loan due to lack of documents from the builder and the project was not approved. I lost so much of time in this whole process. I think HDFC should definitely improve their service.

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

    Last time once applied, I decided and had kept on hold of not availing home loan. I have not gone through the entire process with HDFC limited however had got a call from them once. Rates and charges is almost the same like others. Anyway, not much happy with their rates.

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

    Regarding my home loan application, there was no proper communication from the relationship officer of HDFC limited. Added to it, as the property is not doable by them, I was not much interested to go further. Rate of interest is quite reasonable.

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

    I was not able to get home loan from HDFC limited as my land approval is in stage of processing. Added to it, property is in rural area which is a disadvantage in my case. Inspite of that, there was immediate response which I liked the most. Rate of interest is quite ok.

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

    The property which I had registered was B-Khatta which was not as per HDFC limited norms as they approve only A-Khatta property. Other than this issue, I would assure that the services and the response received was quite good. Even the interest rate is acceptable.

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

    Regarding my home loan application, there was no proper communication from the relationship officer of HDFC limited. Added to it, as the property is not doable by them, I was not much interested to go further. Rate of interest is quite reasonable.

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

    Whatever experience I had with HDFC limited is good. Nothing in particular, however whatever gone through it was fine. The relationship officer was pretty much faster in response. Comparative to others, its the lower interest rate.

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    janardhan took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (1)

    One of the disadvantage with Syndicate bank is the follow ups, payments or whatever I have to keep on following up. Important point which needs to be considered is responding to the customers, if its been on a regular basis, it would be fine. It would be better if the response and follow up can be more faster. Other than that, home loan disbursal was all good.

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

    Due to some emergency situation, I was not able to get the home loan from HDFC limited. The feedback provided was totally good and whatever information they provided was quite understandable. Its a competitive interest rate offered and its mostly offered like others.

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

    I am aware of Axis bank a long back and also have very good relationship with them. I have visited directly the branch to get home loan approval. As comparing to other banks, the rate of interest is very high in Axis bank as they offered 11%. The overall processing time was good enough. The property is under construction so my builder yet to receive the amount from Axis bank.

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

    My recent experience of availing a home loan from ICICI bank was quite good. There was no much documentation or other formalities and they made it within a short span of time. The documentation was completed at one shot and they disbursed my loan within two weeks of time. The disbursement was delayed because of my only as I had asked them to close for sometimes. It was totally a hassle free experience.

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

    I recently applied for a home loan with PNB. There was no response from the bank and they contacted me very lately. By the time they contact me I had availed the home loan from another bank. I donâ??t have any issues with PNB in terms of customer service or interest rate. I donâ??t have any idea about the processing fee & charges.

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    kantharaju took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Executive was coordinating well and whatever I asked, they clarified. Home loan with Axis bank got sanctioned but due to some personal issues I unable to go further. The document executive who came to collect documents were not from Axis bank and they were from some outsourcing thus it would be better if Axis bank send direct executives for the formalities. 10.15% of rate is good.

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    magdalene took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
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