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Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Bangalore
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Check Interest Rates on Home Loans offered by Top Banks and HFCs Compare Now
Home Loan Features
- Interest rates start usually @ 8.30% p.a. onwards
- Tenures might range up to 30 years
- LTV ratio: 90% of property cost
- Home loan balance transfer of existing home loans from bank/HFC to other bank/HFCs at lower interest rates
- Top-up facility to existing home loan borrowers to meet their personal requirements
- Home loan overdraft option to ensure higher liquidity and interest cost savings
- Pre-approved instant home loans to select customers
- Pradhan Mantri Awas Yojna: Credit linked interest subsidy of up to Rs 2.76 lakh for EWS, LIG, MIG-I, MIG-II
- No pre-payment charges
Income Requirements of Home Loan in Bangalore: At least Rs 15,000 p.m. for salaried applicants; can be more for some Banks/NBFCs
Eligibility Criteria of Home Loans in Bangalore
- The applicant should be an Indian Resident, NRI, PIO. Some banks and HFCs also offer home loans to NRI and PIO applicants, branded as NRI Home Loan.
- Minimum Age- 21 years; Maximum Age- Up to 70 years when loan matures
- Job Profile: Salaried (government and corporate employees)/Self-Employed Professional (Doctors, CS, lawyers, CA, architect, consultant, engineer)/Self-Employed Non-Professional (contractor, trader, commission agent)
- Work experience: At least 3 years
- CIBIL/Credit score should be 750 and above for increased chances of availing home loan and at lower interest rates
Also Check Home Loan Eligibility Critria
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Documents Required for Home Loans in Bangalore
For Salaried Applicants
- Aadhaar card, voter ID, driving license, PAN card, passport, for KYC
- Income Proof: Salary slips for last 3 months, Bank statement for past 6 months with salary credits, ITR/Form-16
- Bank statement showing repayment history
- Employment contract
- Own contribution proof
- Property related documents
- Processing fee cheque
Additional Documents for Self-Employed Applicants
- Recent Form 26AS
- Business profile
- Memorandum and Articles of Association of the company
- Balance sheet and profit & loss account statement for last 3 years
- Income Proof: ITR with income computation for past 3 years
- Savings account statement of individual for last 6 months and current account statement of business entity
Also Check Home Loan EMI Calculator
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