Home Loan in Bangalore Apply Online @8.0%
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?
Try Adding the income of a co-applicant like a working spouse
Have multiple existing loans?
Financebuddha can help you consolidate all your loans into one to increase your eligibility
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 06 Nov,2023)
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
Suresh
5 / 5
There are many website with information on different types of loans, but only in Finance Buddha I was able to get information on land loans or plot loans. This information helped me to purchase a property in Bangalore through Citibank.
Ravi Kiran
5 / 5
Finance Buddha was the guiding light for me all through the home loan application. Kotak Mahindra bank in Bangalore approved my home loan with online documentation and processing fee was waived off.
Varsha
5 / 5
If you are looking for quick disbursal of home loan in Bangalore, then apply through Finance Buddha website. My sister got her home loan sanction within 2 weeks’ time and it was a hassle-free process.
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.
Sanjay
5 / 5
Best bank for home loan in Bangalore is Citibank and smart way to apply for it is through Finance Buddha site.
Arundhathi
4 / 5
My home loan from ICICI bank, Bangalore was approved at 9.7& rate of interest. Loan amount is 12 lakhs for 15 years tenure.
Prasad
5 / 5
I used Finance Buddha website to check my eligibility for home loan in Bangalore location. The information offered by this site is 100% accurate and reliable. I have referred by friends to try this site for home loans.
Venkat
5 / 5
Am amazed by the extent of information available in Finance Buddha website with regard to home loans. Based on this information when I applied for a home loan in Bangalore it was approved at 8.7% rate of interest.
Suresh
5 / 5
There are many website with information on different types of loans, but only in Finance Buddha I was able to get information on land loans or plot loans. This information helped me to purchase a property in Bangalore through Citibank.
Ravi Kiran
5 / 5
Finance Buddha was the guiding light for me all through the home loan application. Kotak Mahindra bank in Bangalore approved my home loan with online documentation and processing fee was waived off.
Varsha
5 / 5
If you are looking for quick disbursal of home loan in Bangalore, then apply through Finance Buddha website. My sister got her home loan sanction within 2 weeks’ time and it was a hassle-free process.
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.
Sanjay
5 / 5
Best bank for home loan in Bangalore is Citibank and smart way to apply for it is through Finance Buddha site.
Arundhathi
4 / 5
My home loan from ICICI bank, Bangalore was approved at 9.7& rate of interest. Loan amount is 12 lakhs for 15 years tenure.
Prasad
5 / 5
I used Finance Buddha website to check my eligibility for home loan in Bangalore location. The information offered by this site is 100% accurate and reliable. I have referred by friends to try this site for home loans.
Venkat
5 / 5
Am amazed by the extent of information available in Finance Buddha website with regard to home loans. Based on this information when I applied for a home loan in Bangalore it was approved at 8.7% rate of interest.
Suresh
5 / 5
There are many website with information on different types of loans, but only in Finance Buddha I was able to get information on land loans or plot loans. This information helped me to purchase a property in Bangalore through Citibank.
Ravi Kiran
5 / 5
Finance Buddha was the guiding light for me all through the home loan application. Kotak Mahindra bank in Bangalore approved my home loan with online documentation and processing fee was waived off.
Varsha
5 / 5
If you are looking for quick disbursal of home loan in Bangalore, then apply through Finance Buddha website. My sister got her home loan sanction within 2 weeks’ time and it was a hassle-free process.
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