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A "low interest" loan shouldn't mean you have very little interest in paying it back!

Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 869 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 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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Bangalore Home Loan Reviews

Customer Reviews
Page 1 of 44 1 2 3 4 5
  • Validated User
    (0)

    SBI Housing loan they need to improvise on the loan process. The documentation process is fine, they should inform the customer before hand. It would be great if they follow the turn around time. The best part about SBI is it has got Maxi gain facility where we can invest the amount and the interest will not be calculated for the deposit which has been maintained.

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

    Overall experience with HDFC Limited is good but the deal of home loan was closed from my end due to some personal issues. Everything was fine and officers of HDFC mentioned information in precise. Interest rate is much high compared to other banks so customer will be satisfied if they decrease the rate.

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

    The reason for me to cancel the home loan application was there was no proper response form the customer service executives. The executive informed me that he wants to meet personally but later which there was no proper response. Second time when I approached it was good. I would say that I was happy before the disbursement of the loan then after the disbursement I was not as there was no proper response form them.

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

    I had canceled the home loan application with HDFC for the first time as my property was not finalized. I have applied for the second time and I waiting for the loan to get disbursed. They were proactive as I do get regular calls from the customer service executives and they do follow up with me for the documents. It would be nice if the processing fee gets lowered as compared to SBI, HDFC charges more.

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

    Initially I applied via online but HDFC Limited did not respond properly and I availed home loan by visiting branch personally. Experience was good and interest rate on home loan is 10.15%. Fore closure charge and other charges are as per bank norms. Availed loan amount is 26lakhs and they processed it in two weeks.

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

    The reason to cancel the home loan application with HDFC was they didnâ??t provide me with sufficient loan amount. The customer service provided by them was good. The best part about the company is their fast processing and also good service.

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

    The reason for me to cancel the application with HDFC was I didnâ??t hold any property. Initially I thought the processing would be fast and I was expecting 90 % of the loan to be given for my property but they offered me only less amount and it was very less compared to others.

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

    Response from Citibank was amazing and they gave me good feeling. Citibank is standing in the market due to their service as they are wonderful. Executives came my place to explain the details and also they gave written statements regarding the same, which made me happy. It took three day to make ready the documents for home loan but overall the loan got delivered in 15 days. Citibank have much filters to take home loan and they are sanctioning loan only for A - Khatta property.

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

    Hardly people contacted for home loan from HDFC Limited and there was some communication gap thus not satisfied and took loan with another sector. HDFC gave comparative rate of interest but they changed the interest later and not ready to negotiate. Response was also not up to the mark.

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

    The customer service provided by HDFC for the home loan was good. My loan got disbursed within 7 days. The process was smooth and I didnâ??t face any difficulties with them.

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    sunil took a Home Loan from HDFC LIMITED Reviewed on
  • (0)

    I availed the home loan of DHFL on Jan, 2010 at Bangalore. The loan approval process was smoother as my layout was approved/offered loan from them. But the interest rate was hiked every quarter almost due financial instability during initial 1 to 2 years. So ROI has been raised to 11.35 now from initial rate 9.25. When the financial crisis was settled down also, there was no reduction in the interest rate. They are not flexible in their policies.

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

    Due to some personal issues I was unable to take home loan in HDFC Limited but satisfied with the response that I have received. Just I interacted only one time with the officers so cannot share more feedback about HDFC. I have no clue about interest rate and charges as did not inquire.

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    rajamanickam took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (3)

    I had taken a home loan from LIC housing Finance as I felt it is much secured and safe. As my cousins had a good experience with the company and the agent from LIC guided him well I had opted for it. The processing fee was also less.

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    rajashekhar took a Home Loan from LIC HOUSING FINANCE on BankBazaar.com Reviewed on
  • Validated User
    (1)

    Axis bank provided home loan without any issues than any other banks. Interest rate is good and it is floating with the processing charge of 1%. Executive who assisted me was not that much aware about the product thus he was unable to resolve my queries as always he asked his senior officer. Nice if executive be more knowledgeable.

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

    Interest rate on home loan is normal in HDFC Limited if I compare with some other private sectors. Executive was not interested to give the status of the home loan application and did not get any response so I took loan with another private sector. Also they were not ready to give loan for my property as it is located in Mysore.

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

    I was not interested in taking a home loan with HDFC and that was the reason to cancel the application. The customer service executives explained me clearly with all the necessary information and they were good. The rate of interest charged was nominal when compared to other banks.

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

    I had postponed the plan of taking home loan for 2 months and I didnâ??t have the property details with me. But HDFC had requested me to provide the property details .They were very much insisting on the property details and they had refused to give me the details regarding the emi, loan amount they will be able to provide for me. It would be better HDFC provides the customers with loan details before taking the property as it would be helpful to do a rough estimation.

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

    Since 2012 I have taken home loan with DHFL and the interest rate is high for home loan so I prefer people to choose nationalized banks. Also the charge are high. Ideally DHFL is not at all passing information about decrease in interest rate to customers according to RBI guidelines so they have to work on it and have to inform the customers in proactive. In my case I personally visited them to reduce the rate. DHFL should work on turn around time as they lacks there.

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

    HDFC Limited is reasonable in interest rate on home loan but no idea about processing charge. I postponed the plan of home loan so the application could not forwarded to next level, other than that no issues from HDFC. Couple of times I received calls and they approached well on time.

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    prudhvi took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (3)

    I have post ponded the plan of taking a housing loan with DHFL. I might approach them after 2 months as well. Interest rate offered by them was really good. They have charged me a processing fee on the loan amount it could be better if they reduce the percentage of the processing fee . However for me service comes first than the rate.

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    rohit took a Home Loan from DHFL on BankBazaar.com Reviewed on
Customer Reviews
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