Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 645 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 26 Nov 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

Customer Reviews
Page 1 of 33 1 2 3 4 5
  • Validated User
    (0)

    I feel the experience is not much good with HDFC limited in applying home loan. When applying, the relationship officer did call me on a daily basis whereas at the time of rejection, there was no proper follow ups. It would be better if they could take care of the customer concern.

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

    Inspite of me not availing home loan, the experience is great. The relationship officer did approach me in a very well way and even the rates are quite nominal. Overall I liked their customer service team of HDFC limited.

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

    Initially, there was not much response from HDFC limited, however later part they requested to send the DTCP approval documents, where I was not able to. Only one thing is the requirements of the home loan could be intimated on a prior basis as it would be helpful.

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

    It was just a single call conversation I had with relationship officer of HDFC limited. The property which I am going to purchase had a block, that was the reason I didn't avail home loan. However, the interest rate and charges was pretty good.

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

    As I work with HSBC, It was quite flexible to get the home loan however in terms of documentation, processing, its the same like other banks. They gave me 9.7% as the interest rate and there is no partial payment option. I liked the transparency which was there.

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

    There was a delay in communicating the status of home loan application. I felt the relationship officer didn't have a idea of me getting the home loan. It would be better if they could be updated about the customer's needs and status. Interest rate is quite nominal.

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

    Rate of interest is quite higher for home loan and even the loan amount which was provided was quite lesser by HDFC limited. Added to this, I didn't receive any response from customer relationship officer. One more point is the processing charges is also higher. If these all could be considered, it would be better.

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

    I am not in idea of availing home loan from HDFC limited as the property was not doable. Even the response was not continuous in manner and I felt they must be interactive as the customer relationship is quite important.. Interest rate is quite affordable.

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

    I was expecting that I would get the home loan from HDFC limited, however I was not able to due to certain issues. The relationship officer seems to be professional and kind enough. Even the response provided was pretty much fine. Interest rate is comparable with others. There could be more transparency as there are hidden charges.

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

    I applied home loan with HDFC Limited which was excellent. I got my loan within a time span of 7 days which is of Rs.22 lakhs. I would say that the customer support executive took the responsibility and helped me in processing the loan without any issues. I just applied the loan and within no time I got the disbursement which is appreciable. I would also like to mention that HDFC Limited was very good in their services other than any financial corporation in the market.

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    anand took a Home Loan from HDFC LIMITED Reviewed on
  • Validated User
    (1)

    As there was no positive response from HDFC limited in terms of home loan application,not able to go ahead further. Experience was good however the exact reason was given and was stated that at this time, not able to process which was not satisfactory. The good part was that they responded well and the courtesy of the customer service team was good. The disappointing part was that my home loan was getting approved however here there was no reason provided.

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

    Experience was quite ok with HDFC limited however due to job stability issue, I was not able to continue further. Even the customer relationship officer did provide the actual reason of rejection of home loan and I felt happy about it as it is scope of improvisation.

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

    Experience was quite ok with HDFC limited however due to job stability issue, I was not able to continue further. Even the customer relationship officer did provide the actual reason of rejection and I felt happy about it as it is scope of improvisation.

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

    I felt this is not the right time to take up the home loan from HDFC limited due to few personal issues. Even property was not doable and the rejection reason had been intimated to me in a proper way. One thing which wants to be considered is the interest rate and processing charges which is at higher end.

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

    As the response was too delayed from HDFC limited in terms of home loan, I did cancel my idea of availing home loan from them. I did expected faster response since as a customer I would not like to wait for it. If a lucrative interest rate offered, it would be better.

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

    Offers and the interest rate provided by State bank of India for home loan is lesser than other banks. The processing time is faster compared with other banks. Partial payment option is provided and even there is no charges which is quite good. There was a waive off charges which was helpful and 10.10% is the interest rate.

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

    HDFC LTD was unable to provide me a home loan and my loan application has been closed as of now. I was confirmed by one of the representative from HDFC that the project was approved and the loan will be sanctioned for sure. Believing his words I had paid the processing fee to HDFC. Finally they came back to me stating that they were unable to offer me the loan due to lack of documents from the builder and the project was not approved. I lost so much of time in this whole process. I think HDFC should definitely improve their service.

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

    Last time once applied, I decided and had kept on hold of not availing home loan. I have not gone through the entire process with HDFC limited however had got a call from them once. Rates and charges is almost the same like others. Anyway, not much happy with their rates.

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

    Regarding my home loan application, there was no proper communication from the relationship officer of HDFC limited. Added to it, as the property is not doable by them, I was not much interested to go further. Rate of interest is quite reasonable.

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

    I was not able to get home loan from HDFC limited as my land approval is in stage of processing. Added to it, property is in rural area which is a disadvantage in my case. Inspite of that, there was immediate response which I liked the most. Rate of interest is quite ok.

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