Home Loan in Bangalore @ 6.9% * | Get Lowest Interest Rate Home Loan Bangalore

PNB Housing Finance Ltd Home Loan

4

Check Eligibility

Processing Fee

10,000₹*

Max Tenure

5 yrs

Best Rate

7.35%

View Details

Features

* Upto 30 years Loan Tenure
* No Prepayment or Foreclosure charges
* Funding up to 90%* of the property cost
* Customized eligibility programs
* Accessible network & decades of experience

Pricing

Interest rate – 7.35%
Processing Fees – 0.25% of loan amount or Rs. 10,000/- (salaried), 0.5% of loan amount or Rs. 10,000/- (self-employed)

Documents Required

Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
Education Qualifications – Latest Degree
Latest Salary-slips for 3 months or 3 years Income Tax returns for Self Employed
Bank Account statement for last 6 months (Salary Account) or 12 months for Self Employed

Canara Home Loan

4

Check Eligibility

Processing Fee

0%*

Max Tenure

30 yrs

Best Rate

6.90%

View Details

Features

Best ROI in the industry
For women beneficiaries 0.05% less than normal rate
Speedy Sanction
No prepayment charges
No hidden charges
Interest calculated on daily reducing balance
Longer Repayment tenor

Pricing

Interest Rate: 6.90% to 8.90%
Processing Fee: 0

Documents Required

ID proof(PAN card, Pass port/Voter Id/Employer ID/Driving Licence/ Aadhaar Card/MNREGA No) with 2 PP photos
Residence proof: Latest Tel bill, Bank Statement / Elec bill / Ration Card / letter from employer)
Certificate from employer confirming confirmation of continuous service - For Salaried Only
A brief note on nature of business / activity / business licence in case of self-employed
Form 16 for last 3 years
Bank Statement / Pass book of salary or Business A/c for last 6 months
Balance sheet and P&L Account for last 3 years - For Self Employed
Salary Slip for last six months - for Salaried
Income Tax returns with taxpaid challans for last 3 years - For Self Employed

India Shelter Home Loan

5

Check Eligibility

Processing Fee

3-5%

Max Tenure

15 yrs

Best Rate

12%

View Details

Features

Loan on Cash income
Past Bureau issues also considered.
Funding on gram panchayat , B khata , Properties under municipal limits also funded.
Loan starts at 5 lacs.

Pricing

Interest Rate: 12 % to 18%
Processing Fee: 3 - 5%

Documents Required

Identity proof such as Pan Card, Voters ID Card, Passport.
Address proof such as electricity bill, ration card.
Income proof documents, if available.
Bank pass book or Bank Statements.
Property documents, if property identified.

Axis Bank Home Loan

4

Processing Fee

Rs. 10,000/-*

Max Tenure

30 yrs

Best Rate

8.65%

Bajaj Finance Home Loan

4

Processing Fee

0.25%

Max Tenure

NA

Best Rate

8.33%

Cholamandalam Home Loan

4

Processing Fee

2%

Max Tenure

15 yrs

Best Rate

15%

ICICI Bank Home Loan

4

Processing Fee

NIL

Max Tenure

30 yrs

Best Rate

9.65%

Sundaram Home Finance Limited

4

Processing Fee

Nil

Max Tenure

20 yrs

Best Rate

9.1%

Tata Capital Home Loan

4

Processing Fee

0.25%*

Max Tenure

25 yrs

Best Rate

8.70%*

DHFL Home Loan

4

Processing Fee

Rs.5000/-*

Max Tenure

30 yrs

Best Rate

8.70%

SHUBHAM Home Loan

4

Processing Fee

Rs.9500/-*

Max Tenure

15 yrs

Best Rate

12%

Magma Fincorp Home Loan

4

Processing Fee

1%*

Max Tenure

20 yrs

Best Rate

12%

Edelweiss Home Loan

4

Processing Fee

1.50%

Max Tenure

60 months

Best Rate

10.75%

L&T Finance Home Loan

4

Processing Fee

0.25%*

Max Tenure

20 yrs

Best Rate

9.75%

India Bulls Home Loan

4

Processing Fee

Rs. 10,000/-*

Max Tenure

30 yrs

Best Rate

8.40%

Home First Finance Company Home Loan

4

Processing Fee

1.5%

Max Tenure

20 yrs

Best Rate

10.50%

IDFC Home Loan

4

Processing Fee

NIL

Max Tenure

25 yrs

Best Rate

8.70%

LIC Housing Finance Home Loan

4

Processing Fee

Rs.2500/-*

Max Tenure

25 yrs

Best Rate

8.70%

SBI Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

PNB Home Loan

4

Processing Fee

10,000₹*

Max Tenure

nil*

Best Rate

8.50%

Standard Chartered Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.55%

Citibank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.55%

HDFC Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

Kotak Mahindra Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.35%

HSBC Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

Bank of Baroda Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

Central Bank of India Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.7%

Dena Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.25%

Corporation Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.25%

UCO Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.45%

Union Bank of India Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.30%

Bank of India Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.65%

RBL Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.30%

Allahabad Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.50%

IDBI Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.35%

Bank of Maharashtra Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

nil*

Andhra Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10..0%

YES Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.35%

Syndicate Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.60%

Vijaya Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.65%

Indian Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.60%

Federal Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9%

Capital First Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.00%

Oriental Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.70%

Aditya Birla Finance Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.55%

Indian Overseas Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

8.55%

Karur Vysya Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.00%

South Indian Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.10%

Tamilnad Mercantile Bank Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.10%

HDFC Bank Home Loan

4

Processing Fee

1.50%

Max Tenure

30 yrs

Best Rate

9.1%

PIRAMAL Home Loan

4

Processing Fee

nil*

Max Tenure

nil*

Best Rate

Bank of Baroda Home Loan

4

Processing Fee

nil*

Max Tenure

NA

Best Rate

How to Get a Home Loans in Bangalore

Have you found your dream home in Bengaluru? Are you looking for the best home loan in Bengaluru? You are at the right place. Find and compare the top home loan offers in Bengaluru. Learn the application process and documentation requirements to get your home loan approved quickly.

Every major home loan lender, whether a bank or an NBFC, has a presence in Bengaluru. Borrowers can acquire a house loan for up to 80% of the property's price. A residential property can be purchased with a loan of up to Rs.10 crores. Similarly, if you are buying a piece or land, you can get up to 85% of the cost, and if you are planning to build a house on your plot of land, you can get up to 90% of the cost as a home loan.

Here Is A Snapshot Of Home Loans In Bengaluru

Loan amount	Up to 80% of property value; Get up to Rs.10 crores
Interest rates	Starts at 6.6% and goes up to 12%
Repayment tenure	Up to 30 years, based on your age
Processing fees	Starts at about 0.4% and goes up to 2% of the loan amount + GST

Here Are Some Of The Popular Localities In Bengaluru And The Trending Property Rates There

Locality	Price Range (Rs. per sq. ft.)	Rental Value 2 BHK	Rental Value 3 BHK
Amruthahalli	Rs. 3,868 - 4,718/sq. ft.	Rs. 12,373 - 15,466	Rs. 17,626 - 23,501
Arekere	Rs. 4,505 - 6,035/sq. ft.	Rs. 13,090 - 17,765	Rs. 19,864 - 27,810
Ayappa Nagar	Rs. 3,400 - 4,335/sq. ft.	Rs. 11,220 - 15,300	Rs. 17,255 - 18,488
Banashankari	Rs. 4,930 - 6,418/sq. ft.	Rs. 14,025 - 17,765	Rs. 17,786 - 22,529
Banashankari Stage III	Rs. 4,675 - 5,568/sq. ft.	Rs. 12,531 - 15,422	Rs. 16,600 - 22,134
Banaswadi	Rs. 4,718 - 5,568/sq. ft.	Rs. 14,025 - 16,830	Rs. 19,367 - 23,241
Bannerghatta Road	Rs. 4,080 - 5,355/sq. ft.	Rs. 12,912 - 15,678	Rs. 18,445 - 23,715
Basavangudi	Rs. 7,948 - 10,200/sq. ft.	Rs. 18,169 - 21,994	Rs. 28,900 - 34,000
Basaveshwara Nagar	Rs. 6,120 - 7,395/sq. ft.	Rs. 15,376 - 20,502	Rs. 27,996 - 29,213
Begur	Rs. 3,910 - 4,760/sq. ft.	Rs. 12,340 - 14,985	Rs. 16,299 - 20,060
Begur Road	Rs. 4,462 - 5,695/sq. ft.	Rs. 14,484 - 18,105	Rs. 18,523 - 21,996
Bellandur	Rs. 5,270 - 7,098/sq. ft.	Rs. 18,169 - 21,994	Rs. 27,245 - 32,981
Bommanahalli	Rs. 3,570 - 4,122/sq. ft.	Rs. 11,989 - 14,756	Rs. 16,774 - 21,935
Bommasandra	Rs. 3,442 - 4,080/sq. ft.	Rs. 7,854 - 10,210	Rs. 9,945 - 14,365
Chikkabanavar	Rs. 3,060 - 3,655/sq. ft.	Rs. 8,415 - 8,415	Rs. 11,475 - 11,475
Cooke Town	Rs. 7,692 - 10,668/sq. ft.	Rs. 20,179 - 26,233	Rs. 39,440 - 47,328
Devanahalli	Rs. 4,420 - 5,100/sq. ft.	Rs. 11,857 - 15,505	Rs. 15,813 - 23,111
Dodda Nekkundi	Rs. 5,185 - 6,375/sq. ft.	Rs. 15,667 - 17,626	Rs. 19,135 - 25,115
Doddakannelli	Rs. 5,228 - 5,992/sq. ft.	Rs. 17,029 - 19,867	Rs. 18,999 - 24,936
Domlur	Rs. 7,268 - 8,798/sq. ft.	Rs. 24,242 - 28,458	Rs. 36,720 - 41,310
Dommasandra	Rs. 3,612 - 4,420/sq. ft.	Rs. 10,641 - 12,278	Rs. 11,582 - 14,156
Electronic City	Rs. 3,698 - 4,930/sq. ft.	Rs. 11,404 - 14,912	Rs. 15,271 - 21,145
Garudachar Palya	Rs. 7,182 - 7,862/sq. ft.	Rs. 17,274 - 23,032	Rs. 30,462 - 31,847
HAL 3rd Stage	Rs. 4,548 - 5,610/sq. ft.	Rs. 16,922 - 23,502	Rs. 25,840 - 34,000
HBR Layout	Rs. 4,250 - 5,568/sq. ft.	Rs. 13,604 - 17,232	Rs. 19,712 - 26,282
Hennur	Rs. 4,420 - 6,205/sq. ft.	Rs. 15,895 - 18,700	Rs. 18,475 - 23,401
Hennur Road	Rs. 5,142 - 6,418/sq. ft.	Rs. 17,239 - 20,281	Rs. 20,536 - 25,670
Horamavu	Rs. 3,485 - 4,335/sq. ft.	Rs. 12,566 - 16,157	Rs. 16,779 - 20,374
Hosur Road	Rs. 3,910 - 5,398/sq. ft.	Rs. 12,852 - 15,606	Rs. 16,874 - 22,901
HSR Layout	Rs. 4,548 - 5,780/sq. ft.	Rs. 16,256 - 20,081	Rs. 23,120 - 29,920
Hulimavu	Rs. 4,250 - 5,568/sq. ft.	Rs. 11,900 - 14,450	Rs. 18,590 - 22,307
Jakkur	Rs. 5,652 - 7,310/sq. ft.	Rs. 15,218 - 19,023	Rs. 19,890 - 23,868
Jalahalli	Rs. 5,355 - 6,332/sq. ft.	Rs. 14,239 - 16,909	Rs. 18,424 - 23,337
Jalahalli East	Rs. 4,760 - 6,078/sq. ft.	Rs. 13,872 - 14,739	Rs. 14,862 - 19,435
Jalahalli West	Rs. 4,208 - 5,398/sq. ft.	Rs. 13,804 - 18,734	Rs. 19,941 - 21,114
JP Nagar	Rs. 4,080 - 7,268/sq. ft.	Rs. 15,300 - 15,300	Rs. 17,898 - 22,372
JP Nagar	Rs. 4,590 - 6,545/sq. ft.	Rs. 14,063 - 18,751	Rs. 21,675 - 29,325
Kadugodi	Rs. 3,782 - 4,760/sq. ft.	Rs. 13,352 - 17,167	Rs. 16,133 - 21,097
Kaggadasapura	Rs. 3,698 - 4,378/sq. ft.	Rs. 13,685 - 16,618	Rs. 16,612 - 21,359
Kalyan Nagar	Rs. 4,250 - 5,312/sq. ft.	Rs. 14,025 - 16,830	Rs. 19,712 - 26,282
Kanakapura	Rs. 4,675 - 5,568/sq. ft.	Rs. 11,061 - 13,614	Rs. 13,492 - 18,398
Kasturi Nagar	Rs. 3,952 - 5,270/sq. ft.	Rs. 14,117 - 16,764	Rs. 20,563 - 24,419
Kengeri	Rs. 3,910 - 4,675/sq. ft.	Rs. 9,772 - 13,029	Rs. 14,576 - 17,005
Kodichikkanahalli	Rs. 3,612 - 4,505/sq. ft.	Rs. 10,394 - 12,992	Rs. 16,299 - 17,552
Kodigehalli	Rs. 3,612 - 4,548/sq. ft.	Rs. 11,024 - 16,034	Rs. 15,879 - 19,543
Koramangala	Rs. 8,755 - 11,815/sq. ft.	Rs. 23,375 - 31,875	Rs. 41,106 - 52,173
KR Puram	Rs. 3,825 - 5,058/sq. ft.	Rs. 12,464 - 15,341	Rs. 17,564 - 22,583
Mahadevpura	Rs. 5,058 - 7,352/sq. ft.	Rs. 15,926 - 19,907	Rs. 23,091 - 31,241
Malleshwaram	Rs. 7,820 - 8,882/sq. ft.	Rs. 20,179 - 26,233	Rs. 34,255 - 41,106
Marathahalli	Rs. 4,632 - 5,950/sq. ft.	Rs. 15,314 - 19,142	Rs. 22,007 - 27,186
Mysore Road	Rs. 4,250 - 5,440/sq. ft.	Rs. 10,751 - 14,334	Rs. 17,005 - 21,864
Old Madras Road	Rs. 3,868 - 5,142/sq. ft.	Rs. 12,436 - 16,877	Rs. 21,559 - 26,632
R.T. Nagar	Rs. 4,122 - 5,440/sq. ft.	Rs. 13,554 - 16,459	Rs. 19,338 - 26,775
Rajarajeshwari Nagar	Rs. 4,335 - 5,355/sq. ft.	Rs. 11,220 - 14,960	Rs. 17,255 - 20,952
Ramamurthy Nagar	Rs. 3,698 - 4,888/sq. ft.	Rs. 11,822 - 14,777	Rs. 13,903 - 17,378
Richmond Road	Rs. 10,285 - 12,920/sq. ft.	Rs. 27,306 - 31,675	Rs. 45,942 - 55,930
Richmond Town	Rs. 9,648 - 11,900/sq. ft.	Rs. 27,306 - 32,768	Rs. 45,942 - 55,930
Sahakara Nagar	Rs. 4,718 - 6,035/sq. ft.	Rs. 15,211 - 19,267	Rs. 21,101 - 29,542
Sarjapur Road	Rs. 4,505 - 5,950/sq. ft.	Rs. 12,912 - 17,523	Rs. 19,285 - 24,106
Sector 2 HSR Layout	Rs. 4,335 - 5,440/sq. ft.	Rs. 16,386 - 19,278	Rs. 20,400 - 26,775
Seetharampalya	Rs. 4,208 - 5,228/sq. ft.	Rs. 14,140 - 17,910	Rs. 18,016 - 24,021
Silk Board	Rs. 4,080 - 5,525/sq. ft.	Rs. 14,025 - 17,765	Rs. 19,138 - 25,517
Srirampura	Rs. 4,590 - 6,545/sq. ft.	Rs. 13,590 - 17,473	Rs. 19,916 - 21,243
Subramanyapura	Rs. 4,165 - 4,972/sq. ft.	Rs. 11,444 - 13,352	Rs. 13,872 - 17,340
Thanisandra	Rs. 5,482 - 6,588/sq. ft.	Rs. 15,678 - 18,445	Rs. 21,094 - 25,049
Tumkur Road	Rs. 5,525 - 6,248/sq. ft.	Rs. 13,954 - 20,058	Rs. 18,814 - 21,027
Ulsoor	Rs. 8,118 - 9,648/sq. ft.	Rs. 16,448 - 21,930	Rs. 40,375 - 50,065
Varthur	Rs. 4,038 - 5,440/sq. ft.	Rs. 12,388 - 15,927	Rs. 16,766 - 21,237
Vidyaranyapura	Rs. 3,910 - 4,972/sq. ft.	Rs. 10,200 - 12,750	Rs. 12,750 - 17,850
Vijayanagar	Rs. 6,162 - 7,055/sq. ft.	Rs. 13,328 - 14,994	Rs. 21,675 - 25,500
Whitefield	Rs. 4,548 - 6,332/sq. ft.	Rs. 14,960 - 19,635	Rs. 21,298 - 27,953
Yelahanka	Rs. 5,015 - 6,205/sq. ft.	Rs. 14,420 - 19,227	Rs. 20,686 - 29,736
Yelahanka New Town	Rs. 3,612 - 5,058/sq. ft.	Rs. 11,220 - 14,960	Rs. 13,773 - 15,025
Yeshwanthpur	Rs. 5,780 - 7,522/sq. ft.	Rs. 17,943 - 22,664	Rs. 26,554 - 30,537

Here Are Some Of The Leading Home Loan Lenders In Bengaluru

Housing Finance Company	Housing Finance Interest Rates	Processing Fee
SBI	Starts at 6.55%	0.40% Min of Rs.10000 and a Max of Rs.30000
HDFC	Starts at 6.75%	0.50%, Min Rs. 3,000
PNB Housing Finance	Starts at 7.35%	0.50%, Min Rs. 10,000
LIC Housing Finance	Starts at 6.66%	Min Rs. 10,000 to
Indiabulls	Starts at 8.65%	1.00%
IIFL	Starts at 8.45%	1.25%
Piramal Housing Finance	Starts at 9.00%	0.10%
GIC Housing Finance	Starts at 10.25%	Min Rs. 2,500
Sundaram Home Finance	Starts at 6.95%	NIL
L&T Housing Finance	Starts at 6.75%	2.00% Min Rs. 4,999

What are the different types of Home Loan Offered in Bengaluru?

Home loans can be availed to buy a residential property, or land, or to construct a house;

Home loans to purchase a residential property

A home loan, also known as a housing loan, is a loan used to purchase a house or apartment. Banks typically lend 80 to 85% of the property's market value. They come in a variety of tenure lengths as well as fixed and floating interest rates. This can be used to buy new or previously owned homes that have been resold in the real estate market.

Loans for the purchase of residential plots

This loan is available for the purchase of vacant land or land for residential construction or investment. This loan cannot be used to purchase agricultural land. Land loans, as opposed to home loans, which typically offer 80 to 85% of the property's value, offer up to 90% of the cost.

Loans for home construction

Home construction loans are only available for the purpose of constructing a home on previously owned land. The land could be an empty lot or it could be used to demolish an existing house and build a new one. The loan amount is typically between 85 and 90% of the construction cost.

Loans for home improvement

Borrowers can use these loans to help with home improvement or renovation projects. They can be used for any type of construction or renovation project. Paint jobs, new flooring, plumbing, and exterior elevation work are all covered by home improvement loans. Depending on the project, these loans could range from Rs. 20,000 to Rs. 10 lakhs.

You might also be interested to learn the difference between home loans and loan against property

What are the eligibility criteria to get a home loan in Bengaluru?

Banks have strict eligibility criteria for sanctioning a home loan because they are offered for large sums and have long repayment terms. The following are the fundamental requirements:

You must be a salaried employee or a self-employed professional to apply. Salaried individuals, self-employed professionals or non-professionals, business owners, and farmers are all included.
You must meet the age and income requirements, as well as be able to demonstrate a consistent source of income. For salaried individuals, a minimum of two years of work experience is required, as is a minimum of two years of business continuity for self-employed individuals.
The minimum age to apply is 21 years old, and the maximum age is 60 years old (at the time of loan completion)
A credit score of 700 or higher is preferred.
Your net monthly income should be at least Rs. 15,000 per month.
You must have worked in your current position for a minimum of two years.

Also Read: 10 Dos Dont’s While Applying For A Home Loan Online

Home Loans in Bengaluru FAQs

1. Which is the best bank to get a home loan in Bengaluru?

Most leading banks offer home loans for properties purchased in Bengaluru. SBI offers one of the lowest interest rates compared to other banks. LIC Housing Finance interest rate is also equally competitive. Private sector banks like HDFC and ICICI give you a lot of value adds. Compare the home loans from all these banks before you settle on one lender.

2. How do I find the monthly EMI for my home loan?

You can use the Creditmantri Home Loan EMI calculator to find the approximate EMI you have to shell out on your home loan.

3. Is credit score an important parameter to get a home loan in Bengaluru?

Yes, credit score plays an important role for home loan processing. A credit score of 700 and more is preferred by home loan lenders.

4. How long does it take to get a home loan approved?

A lot of documents must be reviewed before approving a home loan and this takes time. After submitting all required documents, one can expect their home loan to be approved within 30 days.

5. What are the different repayment tenures available for home loans in Bengaluru?

Home loans in Bengaluru come with a maximum repayment tenure of 30 years. However, this will be based on your age and determined by your lender on a case to case basis.

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