Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 544 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 21 Oct 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

77 % of our customers would recommend this bank. (421 out of 544) Write Review
Customer Reviews
Page 1 of 27 1 2 3 4 5
  • Validated User
    (0)

    I had availed a home loan of rs20 lakhs from IDBI bank and I had closed the loan within the first 6 months. The processing was fast and completed within 12 days of time. They offered me an interest rate of 10.5% however they don't have a good customer service and also ther response was not that good.

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

    It was a good experience of availing a home loan from CANFIN last month. They basically took lot of time to disburse my loan. However when these finance companies are undertaken by websites like bankbazaar.com the processing would be much more faster because bankbazaar will ensure to speed up their processing. I think the rate of interest is quite decent. They are offering 10.95% for less than rs30 lakhs.

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

    I had finalized a B-Khata property and I applied for a home loan with Tata Capital. They rejected my application stating B-Khata properties are not eligible for a home loan. The reality is that when we go through the local agent with some of the finance companies are offering a home loan for a B-Khata property also. My home loan need was fulfilled by such finance company only.

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

    The executives of Axis bank has contacted me several times and they addressed my queries properly. Response was good from Axis bank for my home loan. The rate of interest is 10.25%. I felt fees and charges to be high however one of the Relationship Manager promised me to offer processing fee of 5,000 instead of 10,000. I got opportunity to go abroad in a couple of weeks thus I dropped the home loan application with Axis bank.

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

    My overall experience of availing a home loan from HDFC LTD was good. They were straight forward and they maintained a single point contact throughout the process. An executitve came to my office and collected my documents. The loan was approved very quickly however the disbursement was little bit delayed due to documentation issue from my side only. They offered me an interest rate of 10.15%. I was little disappointed about an additional charge of rs5000 deducted from the loan amount at the last moment.

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

    Axis bank customer service is good. I did not identify the property and it would take four to five months to look on to it thus Home loan application with Axis bank got canceled. I feel the rate of interest 10.5% as high. In addition to that AXIS bank was not ready to approve my home loan request as the property is B-Khatta. As per thier norms, they do approve home loan if the property is A-Khatta.Hence, I would suggest them to process loan for B Khatta property as well.

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

    I am banking with ICICI bank for more than 10 years and I have good relation with them. The rate of interest is low in ICICI bank when comparing to other banks. ICICI bank has provided home loan for the amount of 75lakhs with best rate so I availed home loan. I am getting proper alerts and updates from bank.

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

    I am happy with Axis bank customer service but I did not find much offers while I approached them for home loan. The executive has explained all details clearly in prior. However I felt the rate of interest high comparing with other banks so I canceled home loan. It would be great if Axis bank provide better package in respect to rate and benefits.

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

    Nearly 17 lakh home loan from central bank of india. I have cleared after 1 year from the date I have taken. They charged me 2% of preclosure charges which was already confirmed by them. They helped me a lot . Rate of interest was qite affordable

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

    The Axis bank was ready to provide me home loan for the amount of 30lakhs with Interest of like 10.15% but I had canceled the application due to reason for incorrect legal documents by builders. I interacted with executive only once however he explained all information clearly. Though I canceled the home loan application with Axis bank, I am satisfied with their service.

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

    The executive of Axis bank has contacted once to mention the requirements, executive was polite and good. Actually I was looking for high loan amount thus I asked them to increase the amount with high tenor period but they said as not possible due to some norms. They did not meet my requirements hence, I canceled the Home loan application with Axis bank. Apart from that their customer service is good.

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

    The executive of Axis bank was very supportive and helpful while approaching them for Home loan. The executive has explained all information clearly thus I am satisfied with customer service. 16.75% is the rate of interest and 3.9% is the processing fee they offered me. My eligibility criteria does not meet bank norms thus home loan application with Axis bank got canceled however if I want to avail Home loan in future sure I would approach Axis.

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

    I have approached Axis Bank for the housing loan, everything was fine. Looks like they wont offer loan for 2 kitchens that is the first and foremost reason why I have can celled this request . I got to know this will come under commercial purpose only. I got a call from them on time and everything else is fine.

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

    I have dropped the idea of taking a housing loan with Axis Bank, as I have not identified the property yet. Everything is good with Axis Bank , the interest rate offered by them is pretty normal. I got a very good response from Axis bank . I have not gone through the entire process it stopped in between as I have not yet identified the property.

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

    My home loan processing was in the stage of process with ICICI, however there was no proper response provided. There was not exact reason provided still date. Customer service representative did verification process, inspite of that there was no status provided. There should be a proper response provided.

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

    The rate of interest offered by DHFL is too lower than others. 10.25% is the interest rate offered with 3000 as processing fees fixed. Within 10 days, home loan processing, verification process got completed.I liked the faster processing done by DHFL.

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

    It wasn't a great experience of availing a home loan from HDFC LTD. Primarily the person who met me for collecting the documents was very hard & unhelpful and it was really bad working with him. When I asked him for an acknowledgement of collecting the docoments he looked at me as if I have asked a wrong question. There was no hassle in processing and my loan was disbursed at the perfect time at a rate of interest of 10.15% which is very competitive in the market. The processing fee & charges are quite high.

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

    I had a disappointing experience of availing a home loan from HDFC LTD last month. There was a huge delay in disbursing my loan and there was also some hidden charges. The formalities and policies of HDFC LTD are different from branch to branch. They offered me an interest rate of 10.15%. The guy who was supposed to bring the cheque was expecting some money from me. I gave him rs2000 to have him do his job and complete the processing. There was no proper communication from him at all and HDFC LTD didn't fulfill whatever they promised.

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

    Actually the property I had finalized belongs to B-Khata. Therefore my home loan application has been rejected by Tata Capital. I had currently post ponded my plan of availing a home loan for the next two years. Tata Capital were initially told me that they can offer the loan for a B-Khata property but later a local executive confirmed that they don't offer the loan for B-Khtat property. I am not sure about the processing fee & charges.

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

    The experience with the ICICI Bank was good when i applied for the housing loan. The customer service executive explained me about the process in a polite manner. The loan application was closed frommy end becasue the property was not finalized.

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    took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
Customer Reviews
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