Bangalore Home Loan

Bangalore Home Loan
 4.0 / 5.0   by 139 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
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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 24 Jul 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

Customer Reviews
Page 1 of 7 1 2 3 4 5
  • Validated User

    HDFC Home Loan is good, the operation process is very good they are constantly in touch with the customer and update customer every now and then and they are doing a very good job and they should continue doing the same job keep up the good work!

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

    Initially I have taken a loan for 15 years and they changed my tenure without any notice the interest rate was changed from fixed to floating rate without any notice and I tried to call them but there is no response from them for quite some time even after 15 days time I have heard from them hoping to get a positive response from them.

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

    I was very keen to take a home loan from SBI as their interest rates are low, but later I dropped the plan of taking a home loan as their executives are ready to come to my place to collect the documents and I have to go all the way to the Branch to do is and the Branch staff does not have a clear picture about verification also and hence I am was not that interested with SBI

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    took a Home Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Good one
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    PRAVEEN KUMAR, bangalore
    Recommend Recommended by user
    Validated User
    (8)

    I am happy with ICICI as they have offered me a home loan their interest rate is excellent I have taken fixed interest rate for 2 years and post which it will move to variable interest rate which none of the other Bank does, the sales executive does not have a sound knowledge as he missed to take my signature once and he came back to get the signature from me its ok still manageable.

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    took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Its very good
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    MALATESH SHIVASHANKRAPPA DAMMALLI, bangalore
    Recommend Recommended by user
    Validated User
    (5)

    HDFC Home loan is very good they processed the loan very well, they collected the documents and it got delayed it took more than 1 month to process my request its time consuming and if they provide any other alternative number of the executive it will really good, and it will be really easy to contact them and I have no suggestions for them.

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    took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (4)

    I applied for the housing loan from Axis Bank i would say that the initial process was very good but it took too long time and every week they came up with some issue asking for new documents and the customer service executive are not flexible to the customers need and the whole process got completed in one and half month that was really a disappointing service.

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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Very Good
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    MANOHARA K P , bangalore
    Recommend Recommended by user
    Validated User

    I applied for the housing loan from the Canara Bank the processing and the documentation was very transparent and the customer service executives was guiding me in completing the process and the whole process got completed in one month and the EMI was affordable.

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

    It was good experience i had with State bank of India personal loan disbursement. Processing of the loan took almost 1 month which was quite long but verification was all quite fine. In terms of documentation, i received a good assistance from the executive and the follow up was to good.

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

    I Am not fully satisfied with the service provided by SBI, they took a long time to approve my loan and follow ups were not done on regular basis. I personally had to approach SBI for every step. Even while applying for bank statements for loan process I was told to visit the SBI branch where i had account and executives did not let me to get bank statements from the nearby SBI Branch. Also the response was very poor for documents collection and loan quotes given by SBI was not flexible. Experience with bankbazaar was really good and the site was informative!

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    took a Home Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User
    (8)

    Processing loan with HDFC ltd was good with easy documentations, it will be better if they do the process bit faster as they took 3- 4 weeks for approving my loan.They should minimize the loan processing time to just 1 weeks time. Experience with Bankbazaar was good and am happy about it. Basically Bankbazaar is a good website for comparing interest rates and other details.

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    took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Wonderful
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    JAYAPRAKASH S, bangalore
    Recommend Recommended by user
    Validated User
    (1)

    I applied for the Home loan from HSBC bank the processing and the documentation they did was very good and they educated me how the process is and the customer service executive who took a great initiative in completing the process very quickly.

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    took a Home Loan from HSBC BANK on BankBazaar.com Reviewed on
  • Validated User

    The house loan got disbursed from IDBI bank by 25th of April. I liked everything about it and especially about the Rate of interest i would say its more attractive and competitive with the market. They provide highest eligibility for the customers compared with other banks. One more thing i felt happy with this House loan is they provided more than the loan amount what i requested. Overall it was a good service.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Good
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    HIMANSHU JOSHI, bangalore
    Recommend Recommended by user
    Validated User
    (6)

    I am satisfied with the overall service with the State Bank of Travancore with the Housing loan processing and the documentation was very quick and the customer service executive who took the initiative from the day one till my loan amount got approved,and the whole process got completed in two weeks, but little disappointed with the customer service.

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    took a Home Loan from STATE BANK OF TRAVANCORE on BankBazaar.com Reviewed on
  • Needs Improvement
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    DIPANKAR CHAKRABORTY, bangalore
    Recommend Recommended by user
    Validated User

    LIC Housing loan i am comfortable only with the interest rate but I am not satisfied with the other aspects LIC Housing finance should improve on many aspects, there are many hidden charges which are not been aware by the customers, Need to improve a lot on the processing.

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    took a Home Loan from LIC HOUSING FINANCE on BankBazaar.com Reviewed on
  • Validated User
    (2)

    Axis Bank home loan is good, the loan amount was disbursed with in 3 days, one thing which made me to feel bad was they sent the insurance details to my old address in spite of me updating the new address, the loan to value is 80% and 20% was down payment, when compared with other Bank they are good.

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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (5)

    HDFC home loan is good, the former part was excellent they were very good and fast in processing the request it could be really good, if they listen to their customers, as they hardly listen latter was not good as I was not very keen in paying pr-Emi for 5 years but they say, it is their policy it could be really good if they are flexible and also when it comes to payment options it would be really good if they accept cheque instead of paying by ECS.

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

    India bulls housing finance is the fastest one that I have ever seen it hardly only 48 hours for them to process the request, their processing fee is very less when compared to other banks their customer service executives were very polite helpful, its very easy for me to contact them. I always contact RM for all my requirements which makes my life easier they speak on my behalf and get all my things done.

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

    The relationship with LIC house loan for 2.5 years is quite OK. Even its a government oriented, few services needs to get improvised. AM not able to view all my transactions and they are not transparent on what they provide for mobile number registration, it took lot of time but it just shows a message saying updated successfully but it was not updated. Even the customer support did not respond well.

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

    By first week of this month, my house loan got disbursed from Allahabad Bank. I approached Allahabad bank as the builder had tie-up with this bank and all the processing was quite simple and easier. My loan was also sanctioned within a week. Interest rate and processing charges were bit higher but it was quite OK as I got my loan disbursed within a short time.

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    took a Home Loan from ALLAHABAD BANK on BankBazaar.com Reviewed on
  • HONEST BANK
    /images/customer_review/default-unknown-person.png
    SHANTHAKUMAR CB, bangalore
    Recommend Recommended by user
    Validated User
    (1)

    Deutsch e Bank 's home loan is very good they are very honest, they provide details about the charges upfront before they could process the request they will send the executives on time, at times it might delayed also for collecting the payment they provide good assistance .

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    took a Home Loan from DEUTSCHE BANK on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 7 1 2 3 4 5
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