Home Loan Rates EMI 2017 262 views
Table of Contents
With Bengaluru, the names that come to the mind are the IT giants Infosys Wipro and ISRO. These companies are busy setting new benchmarks operating from this beautiful city of Bengaluru. Not only the private sector firms, but even public sector units like Hindustan Aeronautics Limited, Bharat Electronics Limited, Bharat Heavy Electricals Limited, among others are having their headquarters here. Being the capital of Karnataka, Bengaluru ranks among the top five populous cities in India.
About Home Loan
A 'Ashiyana' in Bengaluru is a dream of many because of the repute and opportunity that the city has. As the property prices can soar in lakhs to crores in Bengaluru, you would have to fall back on a home loan to buy one. You can avail a home loan for a time period as long as 30 years. With the interest rates getting slashed like anything these days, there can't be a better time than this to buy a property on a home loan. You can take a loan for buying a new or resale flat, plot to construct a home, furnishing, renovation and extension of a housing unit.
Home Loan Bengaluru in a Nutshell
8.35% - 13.95%
|Processing Fee||0% to 1.25 % of the loan amount|
|Prepayment/ part payment charges||Nil|
|Tenure/ Repayment||1-30 years|
|Lowest Per Lakh EMI||₹ 758- 864|
Eligibility Criteria for Home Loan in Bengaluru
- Salaried must be a minimum of 21 years at the time of loan application and not over 58 years at the maturity of a loan. Self-employed can apply for a home loan at a minimum age of 24 years and must be below 65 years at the expiry of the loan tenure.
- Salaried and self-employed need to earn an annual income of ₹ 1,80,000 and ₹ 1,80,000-3,00,000, respectively.
- Over 2 years of work experience and a minimum of 1 year with the existing employer is required for a salaried. But if you are a self-employed, a vigil of not less than 3 years is necessary to avail a home loan.
- Proof of Identity- PAN Card/Driving license/ Voter ID/Passport/Aadhar Card
- Proof of address- Passport/Utility bill/Voter ID/Aadhar Card
- Proof of Income- Last 3-month Salary Slip/ ITR/Form-16
- Bank Statement- Last 3-6 Month Bank Statement
- Property Documents- Agreement Sale Copy, Certificate of Possession, Land Tax Receipt, Detailed Cost Break-up of Construction, Letter of allotment, Original NOC
List of Major Banks with their Branch Addresses & Interest Rates
|Banks Name||Main Branch Address||Rate Of Interest|
|State Bank Of India||65, St Marks Road, Shanthala Nagar, Sampangi Rama Nagar, Bengaluru, Karnataka-560001||8.35% - 8.80%|
|HDFC Bank||No.485, B M R Complex, Hennur Bagalur Road, HBR Layout 4th Block, Kalyan Nagar, Bengaluru, Karnataka 560043||8.35% - 8.55%|
|ICICI Bank||No, 947, 12th Main Road, HAL 2nd Stage, Appareddipalya, Indiranagar, Bengaluru, Karnataka 560038||8.35% - 8.85%|
|Axis Bank||8th Cross Road, Vijaynagar, M.C.Layout, Cholur Palya, Bengaluru, Karnataka 560023||
8.35% - 8.75%
|Punjab National Bank||17th B H Main Road, 5th Block, Koramangala, Bengaluru, Karnataka 560095||8.50% - 8.70%|
|Bank of india||No. 400, 2nd Main, 1st Block, Behind Bata Showroom, RT Nagar, Bengaluru, Karnataka 560032||8.55% - 8.60%|
|Bank of Baroda||274, V.R. Manor, 100 Feet Rd, Binnamangala, Stage 2, Indiranagar, Bengaluru, Karnataka 560038||8.35% - 8.85%|
|Central Bank Of India||3RD Floor, Sanotsh Complex, Near-Janatha Bazar, Kempe Gowda Road, Bengaluru, Karnataka 560009||
|Bank of Maharashtra||No.3, 1st Cross,Thimmaiah Towers, Gandhi Nagar, Bengaluru, Karnataka 560009||
8.70% - 10.25%
|IDBI Bank||Anand Nilaya, No 6, 100 Feet Road, 5th Block, Koramangala, Bengaluru, Karnataka 560095||8.30% - 11.30%|