Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 290 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 30 Aug 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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News about Bangalore Home Loan


Bangalore Home Loan Reviews

77 % of our customers would recommend this bank. (224 out of 290) Write Review
Customer Reviews
Page 1 of 15 1 2 3 4 5
  • Validated User
    (0)

    I got a quick response and clear explanation on my loan application. After applying for home loan, the next day i got the call from customer care. The interest rate is quite nominal and similar like other banks. I felt it was a cooperative services from ICICI.

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    took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
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    Axis Bank Housing loan: When i applied for the housing loan and the customer service executive proactive involved in my housing loan process they collected the documents as per my convenience. They also connected with the builder to get the NOC certificate with out troubling me much. I got the loan amount approved with in twelve to fifteen days.

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

    HDFC Limited Housing loan: I applied for the housing loan because i needed that and the Customer relationship officer who was interacting with me was very helpful and unfortunate i don't remember the name. As soon as i gave all the details the Customer relationship officer after a day they said the amount that i am eligible for and i was happy with the amount they mentioned. I have not decided the property yet so i have kept the application on hold..I will go for housing loan in the year 2016 i would mostly go with the HDFC .

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

    The overall experience was good and the Customer relationship officer calling me on a regular basis for the status updation. The only reason I step back in getting the HOME LOAN with HDFC LIMITED was the rate of interest. Being a classic customer I was expecting some consideration on interest rate which was not offered. So I need to cancel the loan application with HDFC

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

    The loan amount was 16lakhs and the interest rate is 10.75% with 2000-3000 as processing charges with home loan of HDFC bank. I submitted residential proof, pay slips, property documents. Legal verification was fine. There are no pre closure charges.

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    took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
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    SOWBHAGYA MUNIRATHNAM MUDALIAR, bangalore
    Recommend Recommended by user
    Validated User
    (0)

    ICICI Bank Housing Loan: I visited the Branch and i collected all the details which was required for processing the housing loan. The customer service executives came home and collected the documents, after that i got a call after three days asking for some more documents and that was the last call for the documentation. Later after two days i got the call from the main branch regarding the verification. After three days i got the loan amount credited to my account. The overall experience was very quick and it was good.

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

    PNB Housing Finance Limited: It was good the response was good and the customer service executive who came to collect the documents explained me process in a polite way and they could customize the loan process to suite my requirement and the whole process got completed with in a month.

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

    HDFC Limited Housing loan: Basically i would say that there is very much complication in processing the loan. It was like confusion in processing the loan under ambiguous situation. The interest rate was too high and i canceled the loan application from my end. Due to the complication in the process.

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

    My personal experience with the HDFC Limited was really good. The customer relationship officer explained me about the process in a clear manner and the loan application was closed from my side, since i need some of the documents for processing the housing loan.

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

    I visited the ICICI Bank for the Housing loan the customer service executive was pretty friendly. The explanation was given in a very good manner and the interest rate was less when compared with other banks. The process time was quick enough and the whole process got completed in thirty days.

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

    HDFC Limited Housing loan: Initially when the customer relationship officer spoke to me and i asked for the interest rate and it was pretty high when compared with the other banks. The processing time was long as the they where explaining on it. Due to the high interest rate i closed the loan application from my end.

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

    Indiabulls Housing Loan. The customer service executives from the Indiabulls they are very flexible in handling the customers.Mr Surojit the customer service executive took initiative in updating me on the status of the loan till the loan amount got credited to my account. The whole process got completed with in four to five days.

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

    It was good in the beginning but later on they lost the interest in approving the Housing loan to me. The customer relationship officer came home collected the documents. I kept hold the loan application from my side, because i need to have a little clarification from the builders end. Later part when i visited the property they had a tie up with other Banks which gave me with less processing fees. So i have canceled the loan application with HDFC Limited.

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

    State Bank of India Housing loan: My personal experience with this SBI was very good. The customer service executives are very approachable and friendly the documentation was simple and transparent. The best part is that they understand the customer requirement and they work accordingly. I got the loan amount approved with in fifteen days.

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

    HDFC Limited Housing loan : I got the call from the customer relationship officer and i given my requirement and they said that the property which i am looking is not under the approval list of the HDFC and it was very difficult to process with the HDFC. If they could understand the customer requirement that would be more helpful.

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

    Initially the communication was very good from the Customer relationship officer from HDFC Limited. But later part it was like me chasing the executives for knowing the information. I went to the branch and submitted the documents. The amount they offered to me was way too less than what i was expecting. I closed the housing loan application because the loan amount i was looking for was not met to the expectation.

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

    The moment i updated the details on the website i got the call from HDFC Limited customer relationship officer it was a smooth ride. They solved all my queries and the best bank that suite my requirement was given to me. The loan application was closed from my end, because the property was not finalized from my side. In future i would definitely go with the HDFC limited for my housing loan.

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

    I am very happy with the response from the day one. Daily i used to get the call from the HDFC Limited customer relationship officer, and i am very happy with those response and it was very informative. Actually the property which i was looking to buy was not registered with the HDFC and so the loan got canceled.

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

    My personal experience with the HDFC Limited is fantastic, i used to get prompt response from the customer relationship officer on the questions asked by me in relation to processing of the loan. Right Now i have postponed the plan of taking the Housing loan due to educational issue of my children. In future i would go for HDFC for the housing loan.

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

    HDFC Ltd services was good. There was no need to go to the bank. The relationship officer had come to my office and explained in detail about the procedure, formalities to be done. Interest rate compared to others, is quite high. Overall the experience is good.

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    took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
Customer Reviews
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