A "low interest" loan shouldn't mean you have very little interest in paying it back!

Bangalore Home Loan

Bangalore Home Loan
 4.0 / 5.0   by 549 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 19 Apr 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 46 1 2 3 4 5
  • Validated User
    (0)

    No proper response from the executive of Axis bank during the home loan process and every time I have to visit them. The executive made me to visit him for several times to complete paper works, which made me to feel unhappy. Almost I was waiting for five months to get things done and to receive the amount. No issues with Axis bank but the issue is with the executive so satisifed with bank.

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

    I did a check with other banks about the home loan where I found DHFL to be high in processing charge. There was no much difference where a little difference which was never bee told to me upfront. So far did not receive the loan kit and inquired it with the executive where he informed that would take a month to receive. I can refer very well the DHFL because rate of interest is good and the process is speedy than others.

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    anil took a Home Loan from DHFL on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have taken a home loan from Vijaya Bank 10 years Bank. The services were good at that time as I knew many people form the Bank. But recently when I visited the bank the the services are not that good and they are not cooperative as before.

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    palliyil took a Home Loan from VIJAYA BANK Reviewed on
  • Validated User
    (0)

    LIC housing finance is good. They provide less interest rate. Its safe and secured. I am getting payment notification from them on time, but I dont get any notification for the rate change . However, rate offered to me was fixed for a period of 3 years and after which its floating rate. I am getting the interest paid certificate on time.

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    rajesh took a Home Loan from LIC HOUSING FINANCE Reviewed on
  • Validated User
    (0)

    It was very quick service and paper works were done very fast but the drawback is that they did not have option of paying EMI via online as can pay it either through ECS or via cheque. My suggestion for LIC housing finance is that they have to give online option for EMI payment. Home loan procedures are very good in LIC. For first two year the interest rate is going to be like 10.15% and later it would be based on PLR.

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

    As per the market standards PNB housing finance is giving the interest rate and the charges on home loan is nominal. Right from the first day it was fine experience because the officers came my place for verification and everything went on smooth. In duration of 7 days the loan was sanctioned.

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

    HDFC has offered 9.9% of interest rate and this is best in the market. Much satisfied with processing charge as it is nil for home loan. Starts from first year the rate of interest is floating. Overall it was good experience I would say with HDFC Limited. Actually delay was from my end and HDFC processed everything on time.

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

    Response was not very good in HDFC Limited but rate of interest was good. Almost HDFC took six months to process my home loan. Officers failed to inform required documents accurately in one go which leads to submit documents for several times. The officer who was handling my case left the job in between so I did not get any status updates and I followed them to collect status. Post that one of the officers took charge and the process was on track. Required documents should be mentioned properly.

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

    I am holding a Housing loan from LIC. The service offered by the company are not upto the mark as everything has been taken care by me. There is no proper functioning of the website as there is no quick response. The major drawback about the company is they only give part amount and after the verification they will be providing the full amount. Totally it depends on our interests to take loan as there is no follow up or help from the company. .

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    vamsi took a Home Loan from LIC HOUSING FINANCE Reviewed on
  • Validated User
    (0)

    Without SBI I would not have got a property at Bangalore. They processed my loan quickly within a short span of time, within 20 days of time I got the loan amount. They provide accurate information about the loan they calculated my eligibility, accurately and they have offered me the loan based on my salary. The property evaluation was done accurately and they offered me the maximum loan amount. also a special thanks to the Manager Kulkarni who helped me thorugh out the housing loan process.

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    shreemanth took a Home Loan from STATE BANK OF INDIA Reviewed on
  • Validated User
    (0)

    It was a good experience with HDFC Limited while the home loan process but there was a delay in approval of the loan and they did not respond properly. I would say processing fee as high and interest rate is fine where they gave 10.15% with floating of starts from first year. Tenure is of 15 years and the loan got sanctioned in time period of one month. Nice if HDFC speed up their process.

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

    There was a delay in the process and almost HDFC Limited took four months to disburse the loan amount. All the sectors are promising a week to disburse the loan but the fact is that they are not sticking to their commitments. Due to delay in the process I paid penalty. Interest rate and charges are similar to others so no issues on that. My suggestion is that, the representative should be more knowledgeable about the product. Even I did not get the agreement copy from them regarding my home loan.

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    ram took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (2)

    Response was prompt in HDFC Limited thus I chosen it for home loan. Interest rate is similar to market rate where it is of 10.25% and this is floating. Documentation process was not simple and smooth where the required documents did not mention accurately in upfront, which results me to submit papers thrice. Partial payment options are there after two years.

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    raghavendra took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (2)

    In the start ICICI bank had contacted me on time but later post documentation process I did not receive calls and they made me to wait for three days thus went with other bank for home loan. ICICI is pretty fine in respect to interest rate and charges. Suggesting ICICI bank to contact customers as earlier without any delay.

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    raghavendra took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • (2)

    Firstly, I would like to thank AXIS Bank for the housing loan. As other banks were not willing to offer me housing loan. Axis bank managed to offer me this loan in spite of my property was under gram panchayat whereas other banks refused to offer the loan. Also they have offered me maximum amount of loan. The only downside is the interest rate which is high. Otherwise I love it.

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    guru took a Home Loan from AXIS BANK Reviewed on
  • Validated User
    (1)

    I am holding a home loan from HDFC Housing Ltd. It took nearly 7 days for the loan to get disbursed. It was a very good services offered by them and also the processing got over within less time. The documents asked by them were only minimal with less paper works and also my loan got sanctioned immediately. Overall the company is good as they are very polite to the customers.

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    ananda took a Home Loan from HDFC LIMITED Reviewed on
  • Validated User
    (2)

    Really like the services of ICICI bank and they did good job in respect to home loan. Infact the home loan in under progress where need to receive the loan amount. Actually I have to clear some of the papers from my end and post which I would receive the amount. No that much happy in terms of processing charge because other banks are giving nil percentage where ICICI is charging something.

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

    Pleasant experience with ICICI bank and I got answers timely to my queries. Everything was transparent and without wasting time home loan got processed. ICICI have their own norms in interest rate where they are not negotiating the interest as per the RBI guidelines so suggesting the bank to negotiate immediately.

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    ramakrishnan took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (3)

    I took Home loan from SBI bank. Over all I would say it is perfect. I had good service from them. The interest rate and other fee charged is OKAY not bad. And I would like to suggest the SBI should work on following up their customers of any further information.

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    chetan took a Home Loan from STATE BANK OF INDIA Reviewed on
  • Validated User
    (3)

    I am holding a housing loan with LIC housing finance. The rate of interest offered by them was ok. I have taken that for 5 years, it is a fixed one and it would have been great if they would have offered a floating rate of interest. The agent was very prompt and responsive he answered all my queries. No additional charges being charged till now.

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    amit took a Home Loan from LIC HOUSING FINANCE Reviewed on
Customer Reviews
Page 1 of 46 1 2 3 4 5
4.0 549
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