A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Bangalore Home Loan

    Bangalore also known as Bengaluru, is the capital of the Indian state of Karnataka. It is Indias 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 Indias most developed city and one of the worlds fastest growing urban areas.

    Home loans, also known as mortgages, use the borrowers 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 37 Bangalore Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    8.40% - 8.50% Floating
    Up to 0.25%(Max ₹25,000) One time fee
    Rs.30L - Rs.5Crs
    5 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.65% - 10.35% Floating
    Up to 0.50% One time fee
    Rs.5L - Rs.10Crs
    3 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.35% - 9.18% Floating
    0.50% - 2.00% One time fee
    Rs.20L - Rs.5Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    6.95% - 7.50% Floating
    Up to 0.50%(Max ₹11,800) One time fee
    Rs.5L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    8.99% - 9.75% Floating
    Up to 1.00% One time fee
    Rs.2L - Rs.3Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.60% - 9.50% Floating
    0.50% One time fee
    Rs.12L - Rs.5Crs
    1 - 20 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.40% - 11.75%
    0.50%(Min ₹10,000) One time fee
    Rs.5L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    7.30% - 7.80% Floating
    ₹10,000 One time fee
    Rs.50L - Rs.5Crs
    1 - 25 Years
    What you'll love
    Documents
    Perks
    Good to Know
    9.00% - 12.50% Floating
    Up to 1.00% One time fee
    Rs.20L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    9.25% Floating
    0.50%(Min ₹10,000) One time fee
    Rs.1Cr - Rs.5Crs
    1 - 20 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    6.90% - 7.15% Floating
    Up to 0.50%(Max ₹15,000) One time fee
    Rs.25L onwards
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Eligibility Criteria
    9.25% - 11.20% Fixed
    Up to 0.50% One time fee
    Rs.2L - Rs.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

    • Syndicate Bank Home Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan directly through SYNDICATE BANK. The rate of interest and the processing fee was nominal.This loan was processed on faster basis without any hassles.They gave a clear picture about the loan process .There was proper notification from bank end and i am satisfied with the service .
      Was this review helpful? 8
      , bangalore
      Reviewed on Mar 14, 2020
    • review
      review Home Loan
      "Home loan closer conditions"
      0.5 1.0/5 "Really Bad"
      Hi All, If any of the builder suggest to go for this bank don't ever go for it... For every 6 months they increase the ROI even RBI is decreasing... Pre closer is a hell for me ...bi have provided a cheque after 15 days they started processing the request to close... From my pocket I paid 30000 rs extra for closing...
      Was this review helpful? 27
      , bangalore
      Reviewed on Mar 11, 2020
    • Corporation Bank Home Loan
      "Best bank"
      0.5 5.0/5 "Blown Away!"
      I took my home loan from Corporation bank because compared to other bank interest rate is less. The documentation is less and got the loan easily. If I have a due on 5th of every month, they will send the reminder on 3rd of every month. Whenever i visit the branch the response is prompt and they are giving respect to the customer. They are explaining about their other product as well.
      Was this review helpful? 5
      , bangalore
      Reviewed on Feb 23, 2020
    • LIC Housing Home Loan
      "Quick process"
      0.5 4.5/5 "Excellent!"
      I have taken a home loan from LIC HOUSING FINANCE on 3 years back to purchase site and for construction my friend has suggested to take this loan. I got loan the loan amount around 27L with tenure period of 20 years. The rate of interest was 8.75% and processing fee was deducted around 8K. They have sanctioned the loan within 15 days. But they have disbursed the amount in installment. EMI need to pay of 28K. Pre closure charge is applicable at any time. There are some charge for enclosure and stamping are around of 2K.
      Was this review helpful? 10
      , bangalore
      Reviewed on Feb 18, 2020
    • HDFC Limited Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken home loan directly through HDFC LTD .The rate of interest and the processing fee was really good .The home loan process was clearly explained by the agent .I have got this loan without any delay . Overall am really satisfied with the service so far .
      Was this review helpful? 3
      , bangalore
      Reviewed on Feb 08, 2020
    • Central Bank of India Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan from Central Bank of India and it was a good loan experience. The loan amount was for Rs 30 lakhs with the rate of interest of 8.25 % which is less when compared to all other banks. The process was medium and it took 2 months to receive the loan. Customer service was good. The tenure of this loan is 20 years .
      Was this review helpful? 8
      , bangalore
      Reviewed on Jan 27, 2020
    • Axis Bank Home Loan
      "Interest rate should be low"
      0.5 3.0/5 "Satisfactory"
      Axis bank customer care people offered me a home loan in a proper manner and i got the loan very easily so that i have selected the Axis bank for my home loan. I bought the loan amount of Rs. 3 lakhs and the offered interest rate was 13%. They do have a part payment and pre-closure facility without any additional charges. Documentation process was very simple and easy.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 16, 2020
    • IOB Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan from INDIAN OVERSEAS BANK for more than 3 months. I got an offer from bank directly. They have sanctioned the loan amount of 20L with tenure period of 20 years. The rate of interest of 8.5% and there is no processing fee. There is an option of pre closure and part payment. EMI is use to pay only 20K. They took to sanctioned the loan of 1.5 months. Their service is good.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jan 11, 2020
    • Axis Bank Home Loan
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      I took the home loan from Axis bank. Customer care response was good and the executive came to my place to collect the documents and they have verified everything. They have sanctioned the loan in 15 days of time. Overall, it was a hassle free process.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 31, 2019
    • HDFC Limited Home Loan
      "Last recommended priority"
      0.5 2.5/5 "Just OK"
      From my builder, I had got pre-approved home loan offer with HDFC Limited. The agent followed up with very well. They have a floating interest rate hence every quarter, they have started increasing the interest rate even though RBI reduced it. I am paying the interest rate of 9.1% but earlier they have offered me 8.5% when i got the loan 2 years back. It took 3 months of processing time to get the loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 18, 2019
    • Standard Chartered Bank Home Loan
      "Wow factor "
      0.5 5.0/5 "Blown Away!"
      I had a home loan from Standard chartered bank and i have closed it already. Some years back, this was my first home loan, i got consulted by my colleague because we both invested in the same time for my home and i didn't do any market search regarding the home loan. During the period of taking the loan, they had a option of fixed interest rates. Since it was in a hurry for my second home loan, i have sent a documents through mail, but no one responded me properly even though i have done a proper follow up. Nobody called me regarding the loan offer so i dropped it even though i was happy about it.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 18, 2019
    • Syndicate Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan directly through Syndicate Bank .The rate of interest was 9.25% and this loan is still active .This loan was sanctioned on appropriate time .I am paying EMI on time and there was no drawbacks faced. The whole process about this loan was clearly explained by their agent.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 17, 2019
    • Bajaj Finserv Home Loan
      "Need to stop by getting many calls "
      0.5 3.5/5 "Pretty good"
      On two years before I had taken home loan with BAJAJ FINSERV. The amount was sufficient for tenure period of 20 years. Rate of interest was bit high, in case if charges get reduced, this detail will not be updated to customer from bank end. There is an option for a pre closure and part payment. Took one week to sanctioned a loan. One drawback was getting many calls for marketing purpose, per day I get 3-4 calls.
      Was this review helpful? 14
      , bangalore
      Reviewed on Nov 12, 2019
    • Indiabulls Home Loan
      "Very Good Loan"
      0.5 5.0/5 "Blown Away!"
      Chosen my personal loan from Indiabulls because they have provided me a loan without any documents and it was a simple procedure and i have uploaded all the documents through mobile app. Within 3 days, they have sanctioned the loan. They have provided me a interest rate of 18%.
      Was this review helpful? 7
      , bangalore
      Reviewed on Nov 10, 2019
    • HDFC Limited Home Loan
      "Satisfactory service"
      0.5 4.0/5 "Great!"
      I applied for the HDFC Limited home loan before 4 years with the floating Interest rate of 8.65%, now the interest rate is 9.25%. The approved loan amount is 39 lakhs for 15 years of tenure. In between I have paid 3 part payment with out any charges. once payment done we can increase and reduce both EMI and tenure at the same time. The processing is zero but debited Rs.10,000 from loan amount. In last EMI would be reduced calculating the debited amount. The online transaction cannot be done for part payment, I have to go to bank directly to pay the amount.
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 30, 2019
    • HDFC Limited Home Loan
      "Service is Good"
      0.5 4.0/5 "Great!"
      I have availed Home loan through HDFC Limited directly.The rate of interest was very low t was upto 8.47%.I have got all the detail about this loan very clearly through the agent.The loan amount got on time and it was really sufficient as well.The processing time was one month for this loan .
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 24, 2019
    • IDBI Home Loan
      "Need improvement"
      0.5 3.5/5 "Pretty good"
      I took a home loan in IDBI before 6years because I got an approval from Nationalized bank so proceeded further. In Bangalore, they split up the property into A & B and my property belongs to Btype, the chances are less for loan and that time IDBI came forward to provide a loan which I have utilized. They did not inform me about MCLR which is interest type can be changed to floating from fixed but after one year it got converted which I came to know my neighbor and there was no intimation from IDBI bank.
      Was this review helpful? 8
      , bangalore
      Reviewed on Oct 19, 2019
    • Central Bank of India Home Loan
      "Easily accessible bank"
      0.5 4.0/5 "Great!"
      I have just applied the home loan from Central bank of India. I had a reference over there hence i applied the home loan from Central Bank of India. Documentation process was hassle free. They have offered me a interest rate of 10.1% and the processing fee was 1% of the interest amount +18% GST charges. They have dispatched the loan 20 days. The staffs are so friendly
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 01, 2019
    • Vijaya Bank Home Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I approached so many private banks but they have not given me a proper response. When i approached Vijaya bank, the service was good. They took 1 month to sanctioned the loan. The given interest rate is 8.5%. I have taken the loan amount of Rs. 10 lakhs for the tenure period of 10 years.
      Was this review helpful? 6
      , bangalore
      Reviewed on Sep 23, 2019
    • LIC Housing Home Loan
      "Unsatisfied loan "
      0.5 1.0/5 "Really Bad"
      I am not happy about the home from LIC and I'm planning to close the loan. There is no proper response from them even though i have visited their branch. Its a 15 years tenure period. Its a pre-closure and it has a charges of 2.5%. I had taken the loan amount of Rs. 8 lakhs.
      Was this review helpful? 6
      , bangalore
      Reviewed on Sep 20, 2019
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