Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 687 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 Dec 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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Bangalore Home Loan Reviews

Customer Reviews
Page 1 of 35 1 2 3 4 5
  • Validated User
    (0)

    Bajaj Finserve housing loan is good. There is a lot of hidden cost. Where they would be charging some additional cost even when the demand draft is in transit. In other words, interest would be charged right from the date when the demand draft is dispatched. There is no charges for online payment and the payment gets reflected instantly.

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    chaithanya took a Home Loan from BAJAJ FINSERV on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Rate of interest offered by HDFC LTD Is the least in the market that is the first and the best feature about HDFC LTD. I place my trust on them because I have been transacting with them for quite sometime. I have marked a mail asking them to real ease the funds directly to the builderâ??s name . They have that within a reasonable amount of time.

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

    Rate of interest offered by ICICI bank for the housing loan is fine , there is no processing fee nor additional charges . Basically, I have not taken any loan from ICICI Bank. Honestly speaking they were extremely helpful and very honest. I ended up taking loan with HDFC LTD mainly because of my husband.

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

    Rate of interest offered by HDFC LTD Housing loan is 10.15% . Overall its fine. However when it comes to charges there is a lot of hidden cost. I was told that I would be given a cash back and on the agreement copy I saw some other figure being quoted as the cash back and they said the difference was because of the processing fee and when I was told that there is no processing fee in the first place and there were some many other issues with regards to charges. Good if they work on that.

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

    I got one home loan from Gruh finance under the subsidiary of hdfc limited . Usually home loan will be provided to A Katha properties which is regularised properties and B type wherein non regularised properties. Generally other banks will be provide loan only for A katha property however in hdfc limited they are the only people who give loans to B type properties. Rate of interest was quite high as 1% when compared with other banks . There was no fixed rates . They offered 11.75% as rate

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    sridhar took a Home Loan from HDFC LIMITED Reviewed on
  • Validated User
    (3)

    I would say state bank of india was hassle free bank . I got one home loan with quite reasonable interest rate among all other banks. They are the only bank with less norms and conditions. Customer service was very good. They are very helpful. I am quite satisfied by their services .

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

    DHFL was not a kind of natioanlized banks they will provid only home loan. I have taken in my home town with very small amount of 15 lakhs. Rate of interest depeneds on RBI where it can be fluctuated. My builder was having tie up with DHFL hence I opted for them

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

    I am holding a housing loan with HDFC LTD. The response what they provide is excellent. I am happy with the way they interacted with me. There is nothing negative to report about their service. Eventually, I ended up taking a housing loan with HDFC LTD. I am happy that through HDFC LTD I was able to purchase a property and I am currently residing at the same property.

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

    When I applied for the home loan from ICICI bank the experience was not so good. As there was some issues with the property. The only issue I had is that they were collecting the documents repeatedly and I also wanted to suggest that they must collect the documents in one stretch. The customer support executive inspite of being a fresher he helped me with all the details. The rate of interest was also high which should be reduced.

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

    The home loan which I have with ICICI bank is good. The experience was good as well. As there was a delay in my end but other than that it was good. The services was really prompt. The customer support was also good. The processing fees was Rs.3000 and as I am an employee of Tata Consultancy Services the rate of interest was 10.15% which was less.

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

    The experience was very good when I applied for a home loan in ICICI bank. The interest rate they offered was 10.25% fixed for a period of 10 years after which it is in fluctuating. I felt it was really reasonable compared to any other banks. The processing and the documentation was easy. The customer support executive was really good as the executive helped with all documentation properly.

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

    The services of LIC was really good. There was no issues with their services as I had this for more than 2 years but only concern I had was the rate of interest which was 10.77% and this was fixed only for intial 2 years post which they change it as fluctuating and also it was increased to 11% approximately. The customer support was good and the response was on time.

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

    The experience was very good when I appled for a home loan balance transfer in ICICI bank. I got the loan within 20 days of time. The interest rate they offered was 10.25% fixed for a period of 10 years after which it is in fluctuating. I felt it was really reasonable compared to LIC. The processing and the documentation was easy as it was just a balance transfer. The customer support executive was really good as the executive helped with all documentation properly and he kept up his promises. Other than this they also provided a top up loan as well. The processing fees was 0.25% for Rs.25 lakhs which can be reduced. I would suggest that in most of the banks they provide the disbursement cheque only during the month ends which should be avoided.

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

    DHFL charged 10.25% as the interest rate with 7000 as processing fees for home loan. There was a good response provided by customer service team. Documentation process could be simpler and clear and it must be done within one shot. It would have been better if the processing time could be faster.

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

    Everything was quite smooth with AXIS bank in availing home loan. It took 20 days of time to disburse the loan. It was prompt services rendered. Am quite happy about their terms and conditions as well as customer service and response too.

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

    The biggest drawback with AXIS bank home loan services is the processing time which was longer. Initially, it was committed one week of processing whereas it took 3.5 weeks which is quite disappointing. Rate of interest is pretty awesome with 0% pre closure charges which is a good option.

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

    I took one home loan from LIC housing finance limited with the rate of interest as 10.7% which was very low. Nowadays the interest rate was affordable when compared with others. They allocate one relationship manager for my account . Through online I will collect the statement for my income tax submission

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

    Customer service was very good when I availed my home loan from axis bank. The loan approved for 24 lakhs whereas they reduced for 22 lakhs due to some reasons. Response was not that much perfect from them. They collected some cash for some charges without any clarification . They told it is for pranking charges. I still feel that the money should taken as a cheque not cash . It would be nice if they bit more transparent in their charges

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    lionel took a Home Loan from AXIS BANK Reviewed on
  • (0)

    Post loan, Axis bank is very poor in providing service to customers. Specially when it comes to reduction of rate of interest, they simply keep on delaying your request. They neither answer your emails properly nor schedule any call backs. By doing this they try to earn the more profit at higher rate of interest. To increase RoI, they just drop one way communication but to decrease when customer challenges their RoI with market, they set a process which takes more time than taking a fresh loan outside. Given a chance, better look in market for lower interest and change you loan to other providers.

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

    LIC housing finance home loan services was too good. Initially, they processed lengthy however later part they made it faster. 10.2% is the rate of interest and also part payment option is provided with 0% pre closure charges.

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    vivek took a Home Loan from LIC HOUSING FINANCE Reviewed on
Customer Reviews
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