Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 553 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 25 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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News about Bangalore Home Loan


Bangalore Home Loan Reviews

77 % of our customers would recommend this bank. (428 out of 553) Write Review
Customer Reviews
Page 1 of 28 1 2 3 4 5
  • Validated User
    (0)

    Basically my experience of availing a home loan from HDFC LTD was not that good. It took lot of time almost 2 months for processing & disbursing my loan. There was no proper communication and the person who was handling my case was not that much helpful. I think the processing fee & charges are quite competitive and they offered me an interest rate of 10.15%.

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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 and they given better response. According to me the rate of interest is moderate. The property which I was looking for did not work thus I was supposed to close the application. The rate of interest for home loan is fixed for tenor of two years so it would be convenient if they prolong it for 3 to 4 years.

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

    My home loan application is accepted by Punjab National bank. The process was a bit tricky, but finally got that. The processing time was average. They were actually including the insurance amount along with the processing fee. . They offered me an interest rate of 9.35%.

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

    I am highly satisfied with ICICI bank services because comparing to other bank the rate of interest 10.15% is less. Also the executive was responsible and they followed better. In fact I asked them to process the home loan in the duration of 10 days but they disbursed in 7 days, which is highly satisfactory. They offered processing fee as .5% but they waived off in to 10,000 which is very less. I am getting proper updates and alerts as well.

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

    I am not much satisfied with Axis bank when I approached them for Home loan. Since the time I applied and I got approval , I informed them to process the Home loan in 20 days and they too accepted for it. Initially they said fine for all my requirements and even I submitted all necessary documents but later I never got any updates from the executive. I tried calling the executive and also contacted the manager of Axis bank but no response thus they could improve on it.

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

    I did approach to Canara Bank for home loan. There should be a proper mode of channel of communication or else approach so that process would be better. For home loan processing, I would say the customer should approach particular executive or else it would be hassle.It would be better there could be helpline provided at the reception so that the services would be excellent.

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

    It was a smooth experience of availing a home loan from HDFC LTD. Everything went nice without any hassle. It was the builder who initiated the loan process and put me through HDFC LTD for further processing. It took around 2 weeks for my loan to be disbursed and they offered me an interest rate of 10.25%. I think the rate of interest is in line with the market rate.

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

    The rate of interest, fees and charges are standard thus I am satisfied. I am not much satisfied with Axis bank home loan process because I got different information from different executives. Actually I asked the executive of Axis bank to provide the information what he explained, in the written copy but they did not provide it and eventually the application got closed.

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

    AS of now, I don't have any plan of availing home loan, hence not availed the home loan from ICICI. Inspite of me not availing home loan, customer service team did approach me well. Interest rate was quite higher which could be reduced. Overall satisfactory.

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    took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • 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
Customer Reviews
Page 1 of 28 1 2 3 4 5
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