Bangalore Home Loan

Bangalore Home Loan
 3.5 / 5.0   by 313 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 02 Sep 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

79 % of our customers would recommend this bank. (246 out of 313) Write Review
Customer Reviews
Page 1 of 16 1 2 3 4 5
  • Validated User
    (0)

    I got the top up home loan from LIC housing finance. Additional processing was done as I had my existing loan with them where they required property documents, building plan. Interest rate is 10.70% with 5000 as processing fees. I feel its quite simple process with LIC housing finance in terms of home loan.

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

    I have contacted ICICI Bank for a home loan. As of now, I do not wish to proceed further, I have kept that on hold after 15 days I will proceed further. I have gone through the terms and conditions of the offer. As of now I am not in station and I have planned to take it once when I am back and also it I have two different options for this one is the normal and the other one is mortgage.

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

    ICICI bank is not much responsive. I was intimated that I will get a response within 2-3 days from the bank in regards with my home loan application. However did not get a proper response. Rate of interest is good and lesser than other banks. Only suggestion is they should be more responsive to the customers.

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

    The only issue I had with ICICI bank in terms of home loan is the type of property for which they would not offer loan. As my property was B-Khatta, they were not offering home loan. However the interest rate was all good. acceptable.It was just one call from the customer support and it was good and prompt..

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

    ICICI bank doesn't provide loan for agricultural property, hence was unable to get home loan. I was absolutely fine with their terms and conditions however even the loan amount is quite less. Interest rate is quite the same like other banks. It would be better if they provide higher loan amount for home loan.

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

    I was in need of a housing loan, hence I contacted ICICI, the reason why I have kept that on hold is. I am yet to finalize the property, once after I finalized I might get back to them. I just wanted to find the eligibility, that is why I have contacted them. The executive who spoke with me, was very kind and she did not force to take the loan, when I said it might even take a couple of months to take the loan.

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

    Interest rate offered by ICICI bank is higher when compared with other banks. Customer service of ICICI bank is good where I received immediate and prompt response. The good thing is ICICI bank offered me higher loan amount which was helpful.

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

    Vijaya bank is a good bank where I got my home loan easily. Within a week, the loan was disbursed. The relationship manager visited my home and collected all the information. At that time, the interest rate is 8.75% and still there is a remaining balance to be paid. There are few charges which is been included.

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

    I approached them when i was planning to take a site 2 months back. They have site loan & housing loan separately. ROI & Processing Fess are less /similar when compare to other banks. The reason i could not go for this bank is they didn't have composite loan option

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

    Even ICICI bank in terms of home loan is user friendly like DHFL. The loan amount offered by ICICI is too less and that was the reason I didn't go further with this bank. However the interest rate is similar with others. Customer service comes home and provide all the information.

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

    I felt DHFL processing in terms of home loan is customer friendly. The processing time was around 10 days and that too it was delayed by me. The interest rate is 10.50% which is lower. There is a very good response from legal, technical, credit departments executive instantly whenever I call them.

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

    I didn't avail any service from ICICI bank. As of now, i didn't finalize the plan with the bank, so didn't go further. Rate of interest is quite comparative with other banks. Response was quick and prompt from the customer service in terms of home loan.

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

    ICICI Bank home loan, response time was not good, also I got a better offer from other Bank, hence I moved with the other Bank. There is some scope for improvement with regards to the customer service, they have to improve on the customer service and it has to be in line with other banks. They should make the customer feel more satisfied.

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

    Initially, i applied with ICICI for home loan. ICICI bank executive intimated that my company is not private one and unable to process my loan. Even there was a delay in getting all information and I have to keep on following up. It would be better if they give proper response.

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

    It is a good experience. They haven't made me to call them, everything was taken care by HDFC limited in terms of home loan. Whenever I call them, there was a good response from relationship officer. The officer Mohammed did a good job and updated everything about the loan processing. Interest rate is 10.15% which was quite OK.

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

    I have, in fact approached HDFC Ltd also for the same housing loan. Even HDFC Ltd was not in position to provide me a housing loan as its coming under Municipality. The same with them as well, HDFC Ltd rate of interest is also high and hence I dropped the idea of taking the loan.

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

    I have approached ICICI for the home loan in the month of April. The reason why I have taken that is because , its not coming under the municipality. The rate of interest provided by ICICI is on the higher side and processing fee as well and that is why I was unable to take the loan.

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

    Whatever the experience I had with ICICI bank in terms of home loan application, i felt it good. I think that the interest rate is quite high compared with other banks. However I would say that the bank executives keeps me updated instantly and they are informative.

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

    As my property was not recognized by ICICI bank, I was not able to avail home loan from them. However, rate of interest is nominal and good one. The way the customer care approached me was well and good. Overall the experience is good and satisfactory.

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

    ICICI bank experience is good. In terms of the processing home loan, I would say the response is good. Interest rate is quite higher compared than other banks. I feel the procedure followed by them in terms of loan processing is good. It would be better if rate of interest could be lesser.

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