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  • Bangalore Home Loan

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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.

    Eligibility for Home Loan in Bangalore

    You’re probably eligible for a Home Loan in Bangalore if you are:

    • At least 21 years old and less than 65 years old
    • Salaried or Self-employed
    • Earn more than the minimum income required

    What are the factors that decide my home loan amount eligibility?

    Home loan lenders take various factors into consideration before approving your home loan. The banks and NBFCs make sure that the Equated Monthly Instalments is limited to about 50% of the monthly income. Usually, the loan approved to you is capped at 75% - 85% of the property value. While computing your home loan amount eligibility, the EMIs of other ongoing loans if any are also taken into account.

    How do I improve my eligible home loan amount?

    One of the ways you can increase your eligible home loan amount is by making your spouse a co-applicant while applying for a home loan. This will increase the home loan amount you are eligible for as your spouse’s income will also be added to your eligibility. Another way you can increase your eligible home loan amount is by opting to choose longer loan repayment tenures.

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    We found 38 Bangalore Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.70% - 9.30% Floating
    0% - 0.50% + Applicable Taxes One time fee
    5L - 10Crs
    3-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.80%- 9.20% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.95% - 9.15% Floating
    10000+GST One time fee
    -
    1-20 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.55% - 8.90% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.75% - 11.0% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.80% - 8.95% Floating
    0.50% PF (For Salaried) to 1%(min.3000)+Tax (for Self employed)
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    What you'll love
    Documents
    Perks
    Good to Know
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + applicable tax One time fee
    20L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% - 11.20% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    Documentation Required to apply for a Home Loan in Bangalore

    Purpose Documents
    Proof of Identity
    1. Voter ID Card
    2. Aadhaar Card
    3. Valid Driving License
    4. Valid Passport
    Proof of Income For salaried applicants:
    1. Salary slips for the last three months
    2. Income Tax Returns or Form 16
    For self-employed applicants:
    1. Income Tax Returns along with the computation of income for the last three assessment years
    2. CA certified/audited balance sheet and profit and loss account for the last three years
    Other Documents
    1. Processing fee cheque
    2. Bank statements showing repayment of ongoing loans if any for the last six months
    3. Passport size photographs of all the applicants/co-applicants affixed on the application form and signed across

    Top Banks for Home Loans in Bangalore

    • ICICI Bank
    • Karnataka Bank
    • LIC Housing Finance Limited
    • State Bank of India
    • Kotak Mahindra Bank
    • HDFC Ltd. Bank
    • Indiabulls Housing Finance
    • Axis Bank
    • Aditya Birla Capital

    Types of Home Loans offered in Bangalore

    Banks and NBFCs offer a wide array of home loan products to choose from. Depending on the customers’ requirements and purpose, home loans in Bangalore can be classified into the following types.

    • Home Loan for Purchase of a New/Pre-owned Property: This loan is one of most availed type of home loan in Bangalore. The loan is most suitable for borrowers looking to purchase a new house/flat or purchase of an already owned property. The interest rates associated with these home loans can either be fixed or floating. Most banks also disburse up to 85% of the total cost of the property.
    • Home Loan for Construction of a Property: These home loans are offered to prospective customers who are looking to construct a house rather than purchasing an already constructed property. However, the banks will also take the cost of the plot into consideration during the process of loan approval in this case.
    • Home Loan for Expansion/Extension: This loan is suitable for those who are looking to expand or alter the structure of their existing house/property.
    • Home Conversion Loan: These loans can be availed if you wish to move to a new house after having already availed a home loan and have purchased a house/property with it.
    • Home Improvement Loan: These home loans are offered to eligible customers who are looking to renovate or repair an existing property.
    • Home Loan Balance Transfer: Home loan balance transfer can be availed by an individual if he/she wishes to transfer his existing home loan from one bank to another bank due to reasons such as better customer services or better interest rates offered by the other bank.
    • NRI Home Loan: NRI home loan are specifically designed for Non-Resident Indians (NRIs) who are looking to purchase a residential property in India. The procedures and formalities involved in the approval process for NRI home loans is different from the regular home loans offered by the banks.

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    Bangalore Home Loan Reviews

    • DHFL Home Loan
      "NOT SATISFIED"
      0.5 1.0/5 "Really Bad"
      I am not satisfied with the loan because i have submitted all of the documents but i have not received the 3rd dispersal amount which is almost many months past. The loan amount was 10.70L, the rate of interest was 8.5%, the customer support is not good. The duration for repaying the loan was 15years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 19, 2019
    • ICICI Bank
      ICICI Bank Home Loan
      "Very Good Loan service"
      0.5 3.0/5 "Satisfactory"
      I approached the bank directly when i purchased the loan. The service has been good and it took 2 months to sanctioned the loan. I got the loan 15 years back and the interest rate was 11 to 13.5%. Still the EMI is going since i have chosen the EMI for 20 years. I have been paying the premium of Rs. 20000 through net banking.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 13, 2019
    • Corporation Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a home loan in CORPORATION bank for more than 4 years. On time loan got sanctioned but the loan amount which was offered from bank was okay for the duration of 20 years. The rate of interest and processing fee are nominal. I use to get remainder for monthly payments.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 10, 2019
    • Bank Bazaar Home Loan
      "Can do better"
      0.5 4.0/5 "Great!"
      The online portal of Bank Bazaar.com is very good to check the credit score and it give information about the gold rate, petrol rate and other financial updates. But I suggest the response should be more more proactive, when I submitted the documents for the Kotak card, there was no updates it can be better.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 09, 2019
    • ICICI Bank Home Loan
      "Good Supportive Bank"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank people have contacted me for the home loan application and they asked to reach to the nearest branch I went there. They asked for some documents to take the loan on the land. I asked one month of time to submit the documents, I would say the bank response is good the interest is also economical.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2019
    • Bank Bazaar Home Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      For first time I came to know about Bank Bazaar through a promotional mail. I am using the mobile application and it is user friendly to access it. I use to check credit score through an online. The customer service is good response and supportive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2019
    • ICICI Bank Home Loan
      "Need to decrease charges"
      0.5 3.0/5 "Satisfactory"
      I was applied for a home loan in ICICI bank on a previous month which was applied through an online. I got a call verification from bank on time. The loan amount was low which was offered from bank for the tenure of 20 years. The rate of interest and the processing fee are high. Due to high interest I have closed the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2019
    • andhra Bank Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan with Andhra Bank more than 3 years ago. The loan amount was sufficient which was given from bank for the tenure of 20 years. The process was smooth and on time loan got sanctioned. The rate of interest of 8.3% and the processing fee are nominal.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 08, 2019
    • Bank Bazaar Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar service through on line, I have been availing their service from past five years, their service is good, their customer support response to me well, i have been using both website and mobile application it is easy to access, their service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 07, 2019
    • ICICI Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have applied for housing loan with ICICI bank through on line portal, but this loan got closed through the bank stating that first i should finalize the property then only i should apply for loan, they should first only explain me that after finalize property then my i can apply for loan .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 07, 2019
    • ICICI Bank Home Loan
      "Medium"
      0.5 3.0/5 "Satisfactory"
      I was applied for a home loan in ICICI bank through an online on one month before. I have received a call from bank for further verification. The loan amount sufficient for the tenure of 20 years. The rate of interest and fee are nominal. As of now I don't have to process for further.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2019
    • Bank Bazaar Home Loan
      "Satisfied with the experience"
      0.5 4.0/5 "Great!"
      The experience is good at Bankbazaar as they have contacted me on time and informed me the details. There were no hassles in the process and the overall experience is good. The website is also satisfactory and there are no hassles to register my details.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 05, 2019
    • Kotak Home Loan
      "ROI and charges is high"
      0.5 3.0/5 "Satisfactory"
      I have applied for a home loan with Kotak Mahindra Bank. The response was good and they were on time as well. Since I went ahead with another bank I did not take this loan from them. The rate of interest and processing fee is on the higher side when compared to the other banks.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 05, 2019
    • Indiabulls Home Loan
      "Its Fine"
      0.5 4.0/5 "Great!"
      I took the housing loan before three years from India bulls and they keep on changing the interest since its a floating one, compared to other bank the interest is higher. At the time of loan request they gave me the hassle free documentation. I took the loan amount of Rs. 30 lakhs for the duration 30 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 05, 2019
    • Bank Bazaar Home Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I have come to know about Bankbazaar from the internet and one of my friends recommended. Their customer service is really good. I get immediate response and update. I have been using their services for about a year. I am yet to try free credit score check. Mobile application is very simple and user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I applied for ICICI home loan. Loan amount is sufficient and rate of interest is also nominal. Tenure should have been more than 8 years because 5 year is very short period. ICICI bank's processing is very fast. Their customer service really fast.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 02, 2019
    • Bank Bazaar Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have come to know about Bankbazaar from the internet. I have been using Bankbazaar's service for 3 years. I can check all financial related products on Bankbazaar's website FD, loans, credit cards, credit score etc. It is great platform. I get all the status and updates on time. Mobile application and website is user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I applied a home loan from ICICI Bank. I had to close the loan because of rate issue of the property I was going to buy. ICICI bank's customer service is excellent. They help customers even after business hours. Loan amount was sufficient and rate of interest was nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 02, 2019
    • Bank Bazaar Home Loan
      "Best portal"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is good and their executive are very polite in providing the response. I am using mobile app for a while and its user friendly. Actually there are few banks are offering better interest rate than the listed option on the portal so would suggest them to add more banks. Overall it was a good experience.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 02, 2019
    • ICICI Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have chosen ICICI BANK for lower interest rate. I have applied for 30L but I got approval of 13L which am not satisfied to process the loan further. They should work on the limit part. The customer service is very good. I haven't provided my documents. The interest rate was almost 8.8% and there was no information given to me about processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 02, 2019
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