Home Loan in Bangalore: Overview
Bangalore, now known as Bengaluru, is a thriving city in southern India. Over the last couple of decades, the city has emerged as a hub for IT companies, start-ups, and other enterprises. In fact, some of the biggest companies with substantial investments in India are headquartered in Bangalore.
The population in the city has grown alongside the city’s economy, with many in the workforce migrating there for opportunities. Subsequently, Bangalore’s real estate market has been booming. If you’re looking to buy a Home Loan in Bangalore – be it to stay or invest – a Bajaj Housing Finance Home Loan can be one of your ideal financial solutions.
Apply for a Home Loan with us and benefit from competitive interest rates starting at 8.50%* p.a. for salaried applicants.
Housing Loan in Bangalore: Features and Benefits
Easy Balance Transfer Facility
A Home Loan Balance Transfer is an easy way to save funds. Transfer the Home Loan balance from your existing lender to Bajaj Housing Finance for a competitive rate of interest and a range of other benefits.
Top-up Loan
You can also opt for a sizeable Top-up Loan with a Home Loan Balance Transfer. You are free to use the amount to fund any housing requirements.
Flexible Tenor
With Bajaj Housing Finance, you have flexibility in how you choose to repay the amount. You can repay the loan in 32 years, which makes repayment convenient in the long run.
Part-prepayment and Foreclosure Facility
We levy no charges on part-prepayment and foreclosure for individual borrowers with floating interest rates who have availed of a Home Loan.
Online Home Loan Calculators
Calculate your Home Loan EMI based on the loan amount, tenor, and rate of interest and plan your finances better. Our online housing loan EMI calculator allows you to determine your monthly payments and Home Loan eligibility, so you have all necessary information before you apply.
Minimal Documentation
We set minimal documentation and simple Home Loan eligibility criteria to make the process hassle-free.
Online Account Management
Enjoy a truly digital experience once you avail of the loan. Access your loan details, transact, and complete overdue or advance Home Loan EMI payments via our customer portal.
Quick Processing
Enjoy a hassle-free process with doorstep document pick-up, easy approval, and speedy disbursal. Once you submit all the requested documents, the verification process is expedited to help you finalise the chosen property at the earliest.
Integrated Branch Network
With our pan India network, you have the option to walk into our closest branch for in-person assistance with your application. All our branches have integrated systems to provide seamless support anywhere around the country.
Competitive Interest Rate of 8.50%* p.a.
Salaried applicants can avail of a Home Loan at an attractive interest rate starting as low as 8.50%* p.a.
Home Loan in Bangalore: Interest Rates
Home Loans with Bajaj Housing Finance come with attractive interest rates starting at 8.50%* p.a. for salaried applicants. Click here to learn more about our Home Loan interest rates in detail.
Home Loan in Bangalore: Eligibility Criteria
For Salaried Individuals
- You should be a residing Indian citizen (including NRIs).
- You should be between 21 and 75 years** of age.
- You should be a salaried individual with a work experience of at least 3 years.
For Self-Employed Individuals
- You should be an Indian (resident).
- You should be between 23 and 70 years** of age.
- You should be able to showcase steady income from a business with a vintage of at least 3 years.
**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
Home Loan in Bangalore: Documents Required
You will need these documents to apply for a Bajaj Housing Finance Home Loan:
- KYC documents (address and identity proofs)
- Mandatory documents (PAN Card/Form 60)
- Photographs
- Form 16 and latest salary slips (for salaried individuals)/ ITR Document and P&L Statement for the last 2 years (for self-employed individuals)
- Bank account statements for the last 6 months
- Document for proof of business, with a minimum of 3 years of business vintage (for businessmen/self-employed individuals only)
Please note that the list of documents mentioned is indicative. During loan processing, additional documents may be needed. These requirements will be communicated to you accordingly.
How to Apply for Home Loan in Bangalore?
To apply for a housing loan in Bangalore with Bajaj Housing Finance, you can either walk into any of our branches or fill out our application form online. Follow the below steps to fill out an online application:
- Go to our Home Loan application form.
- Select your occupation type and loan type from the available dropdown options and enter your PIN code.
- Once you successfully fill these fields, more will populate on the form; proceed to enter your personal details. Here, salaried applicants will need to enter their monthly salary, while self-employed applicants and professionals will need to enter their years of business continuity and practice, respectively, along with other relevant details.
- If you are availing of a new Home Loan and have finalised the property, you will be prompted to fill in the relevant property details.
Once you submit the form, our representative will get in touch with you shortly and explain the next steps, which will include document submission and verification.
*Terms and conditions apply.
Home Loan in Bangalore: FAQs
Bajaj Housing Finance offers competitive interest rates on Home Loans across all cities we function in, including Bangalore. You can check the interest rates here, along with other interest rate related information.
The maximum housing loan amount you can borrow is determined by several factors such as your income, financial obligation, and creditworthiness. Bajaj Housing Finance offers a loan amount of Rs.5 Crore* or more, basis eligibility, for applicants who wish to avail of a housing loan in Bangalore.
Related Articles
Types of Home Loans Available in India
378 2 min
Types of Home Loan Charges
392 3 min
How to Calculate Your Home Loan EMI
342 4 min
