Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Bangalore
Interest Rates (% p.a.) | |||
Name of Lender | Up to 30 Lakh | Above 30 Lakh & up to 75 Lakh | Above 75 Lakh |
State Bank of India | 6.65 – 7.65 | 6.65 – 7.65 | 6.65 – 7.65 |
HDFC | 7.00-8.45 | 7.00-8.45 | 7.00-8.45 |
Axis Bank | 7.00-11.90 | 7.00-11.90 | 7.00-11.90 |
ICICI Bank | 7.10-7.95 | 7.10-7.95 | 7.10-7.95 |
Kotak Mahindra Bank | 7.00 onwards | 7.00 onwards | 7.00 onwards |
PNB Housing Finance | 6.75-12.00 | 6.75-12.00 | 6.90-9.75 |
Punjab National Bank | 6.95-8.35 | 6.90-8.05 | 6.90-8.00 |
Bank of Baroda | 6.90-8.40 | 6.90-8.40 | 6.90-8.65 |
Union Bank of India | 6.90-8.65 | 6.90-8.85 | 6.90-8.85 |
IDFC First Bank | 7.10 onwards | 7.10 onwards | 7.10 onwards |
L&T Housing Finance | 6.75 – 7.75 | 6.75 – 7.75 | 6.75 – 7.75 |
Bajaj Housing Finance | 6.65 onwards | 6.65 onwards | 6.65 onwards |
Godrej Housing Finance | 6.94-9.99 | 6.94-9.99 | 6.94-9.99 |
Tata Capital | 7.15 onwards | 7.15 onwards | 7.15 onwards |
LIC Housing Finance | 6.90-8.00 | 6.90-8.20 | 6.90-8.40 |

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Home Loan Features
- Interest rates start usually @ 6.65% p.a.
- 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
- 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

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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