Home Loan in
Bangalore
Bangalore, the Silicon Valley of India, is a hub of the IT industry, top educational institutions, and world-class healthcare centers. The wide range of residential options, from apartments to villas and luxury homes, available in Bangalore, also known as Bengaluru, are irresistible, especially because the city has a high potential for property appreciation. Several banks and NBFCs are always ready to help keen homebuyers with easy home loans in Bangalore. The home loan in Bangalore starts at an interest rate of 8.50% per annum for a maximum repayment tenure of up to 30 years. Many banks in Bangalore offer home loans with a minimum processing fee of up to 0.25% of the loan amount. Whether you choose a home loan or a mortgage loan in Bangalore, ensure that you meet the eligibility criteria set by the banks and housing finance companies based on some standard parameters.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Bangalore
The interest rate on home loans in Bangalore can vary for different lending banks and NBFCs. Besides, there can be a variation based on the type of loan chosen and the prevailing market conditions. The lowest home loan interest rate in Bangalore starts at 8.50% per annum. The table below enlists the best home loan interest rates in Bangalore offered by the top banks and NBFCs:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 LIC HFC | 30 | 8.50% - 10.75% | Up to 0.25% (Rs. 25,000 max; one-time) | |
 L&T Finance Ltd | 30 | 8.55% - 10.30% | Rs. 10,000 (one-time) | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min; one-time) | |
 ICICI Bank | 30 | 8.65% - 9.40% | Up to 0.30% (one-time) | |
 Union Bank of India | 30 | 8.70% | Up to 0.50% (Rs. 15,000 max; one-time) | |
 PNB Housing Finance | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max; one-time) | |
 IDFC First Bank | 30 | 8.85% - 9.25% | 0.25% - 0.50% (one-time) | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max; one-time) | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Bangalore
These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.
Documents Requirement for Home Loans in Bangalore
To enjoy hassle-free and quick home loans from the best banks and NBFCs in Bangalore, you must apply with a set of KYC documents. These are documents to establish your credibility as a reliable borrower on the basis of your identity, age, address, income, property, and investments. Have a look at the standard list of documents required for a home loan in Bangalore:
|
|
| Proof Of Residency | Aadhaar Card, Valid Passport |
| Proof Of Income | Bank Passbook, Bank statement, Last 3 years IT Return |
| Proof Of Age | PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment |
| Proof Of Employment | Certified Letter from Employee/Company Memorandum |
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