May 19
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Bangalore Home Loan
Bangalore also was known as Bengaluru, is the capital of the Indian state of Karnataka. It is India’s third-largest city.In recent years, Bangalore propelled to be at the forefront of the high-tech industry boom in India, and it currently ranks as India’s most developed city and one of the world’s fastest-growing urban areas.
Documentation needed to apply for an Bangalore Home Loan
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Processing fee cheque
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary – slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Bangalore Home Loan Interest Rates
| Interest Rate (Monthly reducing balance) | 10% – 10.5% |
| Processing Fees | 0.50% of Loan |
| Loan Tenure | 1 year to 20 – 30 years |
| Partial pre-payment Charges | Nil |
| Pre-closure Charges | Nil |
