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 610 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 28 May 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 availed loan from Union bank. Though it is a Gov bank the processing time was very fast. There were proper response, coordination, , the approach and the communication was very good. The customer service was really helpful. apart from processing fee there was a legal charges as well during the property verification It was disclosed. I feel that it should be informed to me on prior at least for information purpose. Other than this it was quite good.

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    shreenidhi took a Home Loan from UNION BANK OF INDIA on BankBazaar.com Reviewed on
  • Good!!!
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    , bangalore
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    Validated User
    (0)

    I took home loan from Axis bank. I am happy with this bank. Interest rate offered for me was 10.25% so it is common as other banks. I feel that only one representative can deal with the customers until the whole process completes and not the many person so this is one draw back so that it can be improved. Also I feel that the interest rate can be reduced.

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

    I got the housing loan with State Bank of India bank for the rate of interest as 13%.The processing time is so long and it took around a month because there was the delay in the documentation process.The total tenure is 14 years.I am happy with them till now.

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

    Customer service was good. They provided a good service for me. Actually within 15 days my loan got sanctioned but it took 1 month to complete the whole process and get my loan amount in hand. For the documentation an executive came to my home collect the documents . On a whole it was a good experience.

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

    HDFC is pretty good and I didnt have to do much in getting my home loan as I have an account with them. They gave me all the suggestions and plan and all I had to do is to go ahead with it. They also pre-answered all of my questiens and there were no isses with them. The service is excellent.

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

    The interest rate was pretty high and also their charges. This is the main reason for me not taking the home loan with DHFL. Though the customer service is fine and also their responsiveness. I wasnt interested as I got a better offer with another bank with whom I have my account with. Since I got a better offer with the other bank I switched over for my home loan.

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

    I took home loan taken from DHFL. Only thing is the interest rate . While applying I was offered 10.65% and at present the 9.9% as per the market. So it would be much better if they reduce the interest rate. The response of the customer service has to be improved.Nothing else the documentation is good. And it took 1 month for the disbursal. It was good process.

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

    Actually it is a mortgage loan and at that time I felt LIC Housing Finance to be a reliable source so I went off with them. When I was taking the loan 8 years ago, the interest was 13% but not it reduced to 12.65% as it is floating start from first month. Verification formalities are long in LIC.

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

    DHFL is doing good with the home loan service. The reason behind me not taking the loan is because my family helped me and I managed to buy my home with my own finances. The Rate of interest is good. And also the charges. They kept following through every process the loan went through. Their responsiveness was great too.

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

    I took home loan from PNB. I was offered 10.15% interest rate is less compared to the other banks. I was charged 12,000 as processing fee which is too high. I am expecting of 5K to 6 K it could be much better. Apart from that the service was good and happy with PNB.

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

    I took the home loan from the axis bank. the process was quite good. The representative came to my place and collected the required documents. The processing of the loan was good with all the intimation. They approved the loan within 3 days. The charges were competitive.

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

    The DHFL home loan was disbursed in 1.5 month.The rate of interest offered is 12.75% and the processing fees charged was 1% on the loan amount. Documentation was easy to provide for the process. Will recommend the DHFL to those people who are not able to get loans from any of the banks.

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

    Though the customer service has been good with DHFL. My documents was collected and I got calls on a regular basis. The reason I could not take my home loan is because I hadnt finalised the property yet. Now days there is a lot problem in choosing the property and the cost is also very high. Their rate of interest is 9.9% and it is high as I have found a variance of .5% compared to other banks.

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

    I did not get a proper responce for my home loan with DHFL. They didnt offer the required amount and most of all their process is very bad. I have not seen anyone ask for a blank cheque for security reasons. But DHFL did. I have already given the other papers and collateral for security reasons. I dont see a reason why I should submit a blank cheque. This is the main reason I was not intrested and I withdrew my application.

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

    I actually refused my home loan with DHFL, because I have not shortlisted my property yet. I informed them that I will get back by the mid of June when I find one. Apart from they were pretty good and decent. The customer service was good overall.

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

    I held up my Home loan application with DHFL is because my family has postponed the plan of buying a home right now. Apart from that I had no issues with DHFL. The customer service is good. They kept calling me throughout the loan process. Their interest rates are reasonable too.

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

    I didnt take the Home loan with DHFL because no one contacted me after submission of my application. I got a call after 3months.In the mean time I personally applied with another bank and I got my home loan processed. Very poor service & response.

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

    I had bad experience with Hdfc Ltd. For some documents related query and for some legal purpose when I contacted the customer service I dint get proper response from them and sometime they wont respond my calls too. While documentation process they asked me for more number of documents, it was unnecessary document where other banks never ask them. Due this it took 5 to 6 month to get my loan amount. Actually I reached the private banks it is because I thought I will get good response but I found Hdfc was worst in terms of customer support. So I feel definitely they has to improve on this.

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

    Interest rate will be very different from what they advertise and will be very higher compared with other banks. The advertised rate will be only for couple of months.Their customer portal is worst and has no information of use. Their feedback mechanism is worst. No one follows up after the loan. Although no hidden charges they insist to sign for Bajaj home insurance policy along with the loan before disbursal.

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    meghana took a Home Loan from BAJAJ FINSERV Reviewed on
  • Validated User
    (0)

    I have taken a home loan through LIC and it was really a good experience.The loan disbursement took some time because I was staying in Bangalore and I got the loan in west Bengal so need to travel each time for documents submission and other requirements.The interest rate offered was very good which was as per the RBI and I am happy about the same.

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    sashikanta took a Home Loan from LIC HOUSING FINANCE Reviewed on
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