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Home Loan in Bangalore Apply Online @8.0%

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Home Loan Details

Property Details

Employment Details

Personal Details

Co-Applicant Details

Rate of Interest is high ?
Rate of Interest is high ?

Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases

Not getting the desired Loan Amount?
Not getting the desired Loan Amount?

Try Adding the income of a co-applicant like a working spouse

Have multiple existing loans?
Have multiple existing loans?

Financebuddha can help you consolidate all your loans into one to increase your eligibility

Home Loan in Bangalore Details

Home Loan in Bangalore

As you already know, owning a house in Bangalore is not very easy, the land value in itself is very high plus being the major IT hub there is lot of expansion in Apartment living. This has increased the demand and thus the rates on property have shoot up. If you are planning to buy a house in Bangalore, the smart option is to take the option of home loan. This way you can own a house instead of just paying rent and also get the benefit of tax exemptions.

How Finance Buddha can help you get a Home Loan in Bangalore?

Finance Buddha is considered and recommended as one of the easiest routes of applying for a home loan. Here you can check the eligibility criteria for applying for a home loan and make sure you have the originals and copies of the same. Because, anytime to bank officials ask for the documents you will have to submit the same.

 

Home Loan Eligibility Criteria in Bangalore

These are the basic eligibility criteria that every individual should meet in order to get a home loan in Bangalore.

 Criteria

Salaried

Self Employed

Who is Eligible

People in permanent service in public or private sector.

Self-employed Business - men, doctors, engineers, dentists, architects, etc.

Loan Amount

Determined by income, current debt, age, retirement age, number of co-borrowers, maximum loan to value, etc.

Determined by income, current debt, age, retirement age, number of co-borrowers, maximum loan to value, etc.

Borrower Age at Time of Sanction

Between 21 and 60 (or age of requirement, if lower)

Between 21 and 65 years

Borrower Age at Time of Maturity

Upto 60 (or age of requirement, if lower)

Upto 65 years

Home Loan Interest Rates, Fees & Charges in Bangalore

Best Home Loan Offers from Top 18 Banks / NBFCs in Bangalore (updated 21 Aug,2019)

Home Loans Interest Rates Comparison of Top Banks / NBFCs in Bangalore

Banks/NBFC Institution Type Minimum Loan Amount Maximum Loan Amount Minimum Tenure Maximum Tenure Interest Rates Fees & Charges
Axis Bank BANK ₹3,00,000 ₹500,00,000 1 Year 30 years 8%  - 11%  Up to 1% (min of ₹10,000) + GST  as applicable
Bajaj Finserv NBFC ₹20,00,000 ₹350,00,000 10 Years 20 years Salaried: 8.85% - 10.30% Up to 0.80% + GST  as applicable
            Self Employed: 9.25% - 11.15% Up to 1.20% + GST  as applicable
Citibank BANK ₹2,10,000 ₹10,00,00,000 1 Year 25 years 8.00%  - 16.00% ₹10,000  + 0.20% of the Loan Amount + GST  as applicable
DHFL HFC ₹1,00,000 ₹30,00,000 1 Year 30 years 10% - 19.07% ₹2,500 + GST  as applicable
HDFC Bank BANK ₹1,00,000 ₹10,00,00,000 1 Year 20 years 8.80%  - 9.55%   Up to 0.50% or ₹ 3,000 (whichever higher) + GST  as applicable
ICICI Bank BANK ₹5,00,000 ₹3,00,00,000 1 Year 30 years 8.35% -9.10%  0.5% + GST  as applicable
IDFC BANK ₹10,00,000 ₹10,00,00,000 1 Year 30 years Salaried: 8.90%  - 10.35%  ₹10,000 to 0.20% of the Loan Amount + GST  as applicable
            Self Employed: 9.05%  - 10.8%  
Indiabulls NBFC ₹15,00,000 ₹30,00,00,000 1 Year 30 years 8.80% ₹10,000 to 1.00% + GST  as applicable
IndusInd Bank BANK ₹1,00,000 ₹1,00,00,000 1 Year 30 years 8.00%  - 16.00% ₹5,000 to 2% + GST  as applicable
Kotak Mahindra Bank BANK ₹5,00,000 ₹10,00,00,000 5 years 20 years 8.90% 0 for online application; Offline application - Upto 1.25% + GST  as applicable
LIC Housing HFC ₹1,00,000 ₹10,00,00,000 1 Year 30 years 9.15% - 10.10%  ₹10,000 - ₹15,000 + GST  as applicable
PNB Housing Finance Ltd. HFC ₹50,000 ₹75,00,000 1 Year 30 years 9.00%  - 12.50%  1% + GST  as applicable
Punjab National Bank BANK ₹1,00,000 ₹500,00,000 3 Months 30 years 8.70%  - 9%  0.35% + GST  as applicable (Min- ₹2,500/; Max- ₹15,000/)
Standard Chartered Bank BANK ₹10,00,000 ₹35,00,00,000 1 Year 25 years 9.31% - 9.85% Up to 1% + GST  as applicable
State Bank of India BANK ₹5,00,000 ₹200,00,000 5 years 30 years 9.10%  - 9.45%  ₹10,000  + 0.20% + GST  as applicable
Tata Capital NBFC ₹2,00,000 ₹500,00,000 1 Year 30 years 8.8% - 11.25% 0.5% + GST  as applicable
Reliance Home Finance Ltd. HFC ₹1,00,000 ₹10,00,00,000 1 Year 30 years 8.90% Up to 2% + GST  as applicable
Vastu Housing Finance Corporation Ltd. HFC ₹500,000 ₹50,00,000 1 Year 20 Years 12.5% - 15.5% Up to 2% + GST  as applicable

Home Loan Documents Required in Bangalore

Some of the common and essential documents for home loan application in Bangalore are here.

  • Completed Home loan application
  • 3 passport size photographs (including those affixed in loan application)
  • Proof of identification: Electoral ID Card / Passport / Driving License / PAN card.
  • Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill.
  • Proof business address, in case of non- salaried borrowers
  • Statement of bank account for the last six months

Home Loan in Bangalore ReviewsView All

Muthunarayanan

5 / 5

I have referred by cousin to try Finance Buddha website for home loan. My home loan request was for a property in Bangalore and it was approved by SBI bank very quickly. I use this website to calculate my home loan eligibility as well.
Pramod

5 / 5

Finance Buddha website stayed on top of my home loan request and made sure my loan is being sanctioned without any unnecessary delay. I now own a house in Silicon City- Bangalore.
Swapna Suresh

4 / 5

Best way to get home loan in Bangalore is to apply through Finance Buddha, my home loan was approved by Citibank at 9.6% rate of interest. Processing fee and other charges were also reasonable.
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