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 707 users
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    Fees & Charges

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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

    01
    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
    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 31 Jul 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 50 1 2 3 4 5
    • Validated User
      (0)

      I have a home loan from axis bank which I got by approaching them directly. They were supportive. I had an executive from the sales team who helps me. If I raise any queries they raise it to bank and it will be resolved in just 2 to 3 hours. It was a corporate offer which I got, it was a competitive one.

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      abhilash took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      My home loan experience with the LIC housing finance is good. As my property was under constructions and I had been given loan under installments. It took 8 days for the loan to get disbursed from this company. The worst part is I had paid the first month emi and I have not been given with cheque yet and there is no proper response for it.

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

      State Bank of India is really good. I applied for a home loan and got the same. The response was very good and got my loan in just 10 to 15 days. I thought its a government bank and it may take a long time to process but they were fast in processing the loan. They have improved a lot.

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

      I have taken a hosing loan from lic housing finance. The process went on very smooth as the person guided from the form filling procedure.Within 10-15 days my loan was disbursed and they charged the flat interest rate of 10.5% and processing fee was nominal.They use to send alerts for the EMI reminders.Documentation was very easy.

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

      Easy home loan i got from Axis bank the bank helped me a lot and the process was smooth. There was some mismatch in the interest rate because the loan amount got differ during the disbursement. After approaching the bank it was been solved.Axis bank was very helpful in the providing the statement as per our requirement. I pre closured the loan without any extra charges.Interest rate stated with 11 and ended with 12.5% . They disbursed the loan in a month by inspecting the property.

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      ramkumar took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      They were very accommodating I am happy with their service of Dhfl in terms of my home loan. Interest rates and charges are normal as the other banks. I short I would say that they win over the deal. Within a weeks time my home loan got disbursed. Paper work was also good.

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      aravinda took a Home Loan from DHFL Reviewed on
    • (0)

      Hi, I got the home loan from LIC in July, 2012. The apartment was already approved by LICHFL and they approved the loan within 2 weeks. The agent was very proactive, helpful and knows the details very well. The rate at that time was 10.70 fixed for 3 years and then it will become floating. It was the standard at that time.

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

      Axis bank is really good. I got a good offer from them when I applied through this portal. From the beginning they were responsive. Since it was a big investment bank took time in processing the loan. It is almost standardized by RBI hence they do not charge for pre closure. or transfer of fund. I like the fast process.

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      parameswaran took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I availed my home loan with Axis bank. Basically the representative is not that good. They took 20 days to process my home loan with Axis bank. The customer service has to be improved, need to be more knowledgeable and faster in processing, should be professional. I feel that the interest rate can be reduced. I am okay with the processing fee.

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      ravindra took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      I have taken a housing loan from State Bank of India. It was a good offer. They provided clear information. They did not have any follow up, I had to run behind them to process the loan. As per the government rule they provide part payment options. Its perfect in that. Authentic bank. Trust worthy too.

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

      I have housing loan from HDFC. It was really a good experience. They did everything at the door step. Customer service was really good. I got the loan within 20 days. It was before 3 years. Offer was good, processing fee charged was 14K. It is a bit high. Part payments cannot be done online, have to visit the branch.

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      maheswari took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      The loan process with HDFC LTD was done within 15days while I applied for a home loan.They took around 3days for the documentation process and it was quite simple as well.The interest rate offered was really good which is around 9.9% and the charges applied were on the higher side.

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      krupa took a Home Loan from HDFC LIMITED Reviewed on
    • Validated User
      (0)

      I have closed this Home loan application with DHFL since I get very good offer provided by HDFC LTD.The customer service provided by DHFL was not that good.Their taking long time to complete the documentation process.The interest rate they apply was also very high with high charges billed.

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      krupa took a Home Loan from DHFL Reviewed on
    • Validated User
      (0)

      The property Which i chosen was not in the category list of Standard chartered bank so i closed the home loan application from the bank and moved on with other banks.I had couple of interaction with the bank customer support which was good. The interest rate offered was competitive and the processing fee was normal as per other banks. My suggestion to SCB bank is that they can add more properties to their category.

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      ravi took a Home Loan from STANDARD CHARTERED BANK Reviewed on
    • Validated User
      (0)

      It was a good experience with ICICI. I took a Home Loan from them. It was before 4 years. I got the loan amount in just 7 days. The offer was really good. I have options to make part payments and pre close the loan, but charges will be availed for the same. The customer service is excellent.

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      shaik took a Home Loan from ICICI BANK Reviewed on
    • Good
      https://cdn1.bankbazaar.com/images/customer_review/default-unknown-person.png
      , bangalore
      Recommend Recommended by user
      Validated User
      (0)

      The services offered by the IDBI bank was good for the home loan. It took only a week for the loan to get disbursed. It was a very fast verification process that took place and also only limited number of documents were asked by this bank. It would be nice if they are aligned with the market in terms of the interest rates.

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

      DHFL was requesting for additional documents in my home loan application which was not available with the landlord so I am unable to proceed with this loan application.The customer service provided was really good but still I stopped the application in the starting stage itself.I feel they should clearly inform about the process in the starting stage itself.There interest rate and charges were in lower scale.

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      gondble took a Home Loan from DHFL Reviewed on
    • Validated User
      (0)

      The information based on the down payment was not clearly explained by DHFL while I applied for the home loan so I have postponed the plan of getting the loan.The charges and rate offered was on the higher side.The customer service was not that good but upto the mark.

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      bhargav took a Home Loan from DHFL Reviewed on
    • Validated User
      (0)

      I have taken a housing loan with Axis Bank. The interest rate offered by them is the lowest in the market. Infact they have reduced the rate twice and the rate change happened instantly. Where the new rate was applied. I got a SMS from them stating that the rate was changed and it will be applied shortly. The new EMI was deducted from my account automatically and I got the confirmation once after the amount was debited.

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      puneeth took a Home Loan from AXIS BANK Reviewed on
    • Validated User
      (0)

      Axis bank housing loan process is fine. I got a very good response from them on time. No hassle with them. They have offered the loan within 15 days of time. Interest rate offered by them was 9.8% approximately. After some time the rates has fallen down and I got a SMS from them and they will apply the new rates to the loan automatically and that inturn had an impact on EMI thereby my EMI has reduced.

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      chandan took a Home Loan from AXIS BANK Reviewed on
    Customer Reviews
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