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Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 826 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
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 04 Mar 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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News about Bangalore Home Loan


Bangalore Home Loan Reviews

Customer Reviews
Page 1 of 42 1 2 3 4 5
  • Validated User
    (0)

    Nothing went wrong as the application could not processed to the next level with Axis bank because I was unable to submit IT return form on stipulated time period. I am satisfied with the way that the executives approached me for home loan and they were good. The deal got closed at the initial level so no idea about fee structure.

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

    Axis bank representative was not interested to process the home loan. I have submitted entire documents more than twice but also they did not give any status. I tried calling the executive but no response from him, eventually they told that the application got rejected. I asked the executive to return my documents but still no revert from him.

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

    I am holding a housing loan with ICICI Bank. The loan amount is for 16 lakhs. I have paid about 7 lakhs for interest itself. Rate of interest offered by them is a fixed one. However they have to inform the customer if the interest rate changes however I was not informed. Likewise, when I approached them to close the loan, at that point of time they tried to provide good offers and they tried to retain me.

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

    Response was very slow in PNB housing finance and if I compare with other banks, service is not that much recommendable. No issues in rate of interest and charges because all the stuffs are reasonable and affordable. Just to build home I availed home loan. EMI date is 15-16th and this is actually not fixed as I am paying in the second week of every month by visiting the branch directly.

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    vinayak took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • Validated User
    (0)

    Rate of interest is fine and response that I got was average. Axis bank is providing nice opportunities but there was no transparency in sharing loan details. Executive of Axis bank was not much knowledgeable about the product. At the start they informed that there would be no processing charge for home loan but later they informed as charges applicable. As per norms no banks are charging for pre closure but Axis bank says some percentage and later they says as no. Overall they did not give correct information.

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

    HDFC Limited is better than others but still they have some restrictions in pre payment and part payment facilities. In HDFC limited we cannot increase the EMI limit as per convenient. HDFC branch are very less and they are lacking in services. Rate of interest is good for home loan and the process was fast. I closed home loan three years ago but received documents post one month. Online portal is not much effective.

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

    Customer service was good initially but later not satisfied because for any changes have to visit the branch. If interest rate goes up, ICICI will increase it but incase it comes down we have to visit the branch to things get done. Particularly max gain account is not available in ICICI bank for home loan, apart from that process was fast. No options to pre pay the loan via online. Interest rate is high as I got it for 12.5% but charges are nominal. Service is not good in ICICI bank.

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

    SBI is completely loyal but loan amount is very less as they sanction only 75 to 80%. SBI have their fixed norms so no one can involve in that. Interest rate is low for home loan and they decrease the interest rate incase rate comes down in the market. Charges are very high in SBI because they provided life insurance and home insurance along with this home loan. Suggesting SBI to minimize the processing time and they have send proper status of the application in timely manner. Customer service is worst in SBI so they have to learn such things from other banks.

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

    Infact max gain account is not available in Axis bank for home loan so I went with government bank where I got max gain account, other than that no issues with Axis bank. Axis bank had responded quickly to my request and the rate of interest is also good. Interest rate that Axis bank was ready to offer is between 10.15% to 10.25%. In respect to charges it is nominal.

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

    The thing is that, Axis bank was not ready to reduce the rate of interest thus unable to avail home loan with them. Interest rate is not competitive with other banks where it is high. Apart from that the executives were approachable. Axis bank should reduce the rate of interest and have to process home loan without processing charge.

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    keshava took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    I have a home loan from State Bank of India. In terms of customer service I am not really satisfied as I donâ??t think there is a separate customer service department. Normally I send emails for my queries. I donâ??t get a proper response and after which I have to send 4 to 5 emails. I opted for SBI as it a pure Indian Bank and I get a secured feel. There is regular updation on the interest rates as other private bank fails to do. Documentation part is hectic as I had to visit the banks for nearly 5 times to submit the documents and the loan to get sanctioned.

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    dipesh took a Home Loan from STATE BANK OF INDIA Reviewed on
  • Validated User
    (1)

    Satisfied with HDFC Limited as documentation process was smooth and the person who assisted for home loan was very responsive. Totally I saved my time as the process was simple and disbursement was very fast. From my end, I did not face grievances. 10.15% is the communicated interest rate and as per the commitment they executed. Charges were deducted as per their norms.

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

    The first and the best part about INDIA BULLS Housing loan is the rate of interest offered by them is very less when compared with others. Secondly the customer service offered by them was really good. I value their customer service and that was the main reason for choosing INDIA Bulls.

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    arjun took a Home Loan from INDIABULLS Reviewed on
  • (1)

    The home loan approval was quite a good experiance but the change are high they took 5000+8500Rs for processing home loan. The interest rate ride started after a year they quickly jumped to 11% when other banks lending rate was just 10%. After running around the there kormangala office and raising issue of high interest rate they came down to 10.4% and asked me to pay 15K. I refused to pay and asked for the closing the account finaly they agreed to come down to 5K. I dont like these kind of harrasement of customer after taking loan. So becareful before taking huge ammount, they will test you in any case if you threaten to close they will come by the rule else they will take you for a ride.

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    ishwar took a Home Loan from TATA CAPITAL LIMITED Reviewed on
  • (4)

    I had taken a home loan in 2008 with Floating Interest Rate of 12 %, over a period of time it went upto 13.5%, which is perfectly ok as the interest rates have gone up for all banks. Now since the interest rate has reduced to 10.15% ICICI Bank is still charging me 13.5% and have refused to reduce the rates.

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

    It was pretty good experience and the home loan got processed in couple of weeks. Comparing to other banks, it was great experience with HDFC Limited. End to end in 20 days I received the amount. Bit dissatisfied on processing charge as it is on higher side. No doubt that the response was good and the charges are similar to other banks. Initially I was not informed about the legal charges where I did come to know it by later and they collected cash for the same, which I totally dissatisfied.

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

    Fine experience with HDFC Limited but what I felt is that they did not come up with clear list of documents. The executive did not have product knowledge and they made me to visit the bank for three times. As I applied through online so the executive should visit my place to collect documents whereas I visited them, which is bit annoying. Otherwise they are good in service and charges. For home loan they provided good rate of interest as 10.5% and very happy that the interest is fixed for three years.

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

    I was told, i will get a call from Janaka the DHFL representative, (9845681569) within 24hours of time, but never received a call for 4 days, later i had to check on DHFL website, talk to customer care and took the rep number, he promised me to meet me in 24 hrs again and failed to do it. later i had to follow up 5-6 times to remind him to meet me, finally ended up not meeting anybody from DHFL. i was about to lose on my commitment on buying a plot, so finally approached my salary account axis bank, and applied for a personal loan, with a huge ROI. Though Bankbazaar was very good in following up, but Very bad experience with DHFL for not meeting customer expectation, and have lost all trust, will not recommend to any friends and family. Thanks Shashikumar.K

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    shashi took a Home Loan from DHFL on BankBazaar.com Reviewed on
  • Validated User
    (1)

    I did apply home loan with different banks but in comparison IndiaBulls has responded fast and they processed the loan as earlier so I preferred them. Interest rate is fixed for ten years and the structure is 10.5%. I felt it to be bit high because other banks are offering less than this however no issues in provided rate. They asked me to submit all property oriented documents. By consolidate they collected 20thousand for insurance as well for processing charge. Documentation was fast.

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    kotresh took a Home Loan from INDIABULLS Reviewed on
  • Validated User
    (0)

    I have contacted PNB for the housing loan. However I decided to go with as SBI as it has got max gain benefit. This is the only difference otherwise its good. The person whom I spoke with was really good and he explained about the entire loan procedure. I am happy with the way Max gain woks hence chosen SBI.

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    anish took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
Customer Reviews
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