Before applying for a home loan we have to check our Eligibility. The Eligibility depends upon your repayment capacity. it determined based on your Monthly salary and expenses. The will be the basic requirement for all loans from banks. That you are able to pay your loans on time.

Bank people also check your age family status about your dependents. after that value of your property needs to be financed. Typically, Home Loans are secured loans. The property papers will be with the bank till the loan is repaid.
In Karnataka Bangalore, there is a different type of loans from different Banks. NBFCs and banks provide house loans at comparative interest rates.

  • Home purchase Loan:- With this loan we can buy Residential flats or Apartments.
  • Land Purchase Loan:- With this we can buy a plot for the construction of a house. It can complete the construction in a prefixed time.
    Construction Loan:- We can buy to build your house on the owned plot of land.
  • Home Extension Loan:– It is for expanding or extending your owned house.

Required Documents for Home Loan:-

  • Identity Proof (Includes Aadhar card, Voter id card PAN Card or Government-issued id cards )
  • Address Proof (Address proof is mandated for a home loan. ensure the residential address included passport, DL (Driving license), Utility bills like water electricity, or Gas.)
  • Income Proof ( Income proof is important to check the repayment capability. these includes form 16, Salary slip, ITR documents, and bank statement )
  • Age Proof ( Age Proof-like Birth Certificate, Voter Id, Driving License, school and college certificate, and marker sheets. )
  • Proof of Bussiness ( If you are self-employed then it’s required. proof of your business like trade license. copy of partnership deeds and Registration certificate, Certificate of practice, and degree if you are a self-employed professional.  )
  • Property Documents ( Like Sales purchase agreement, possession letter, certificate of approval plans for construction and allotment letter. )

 

Top Banks Offering home loans in Bangalore Karnataka

  • SBI Home loan
  • HDFC Home loan
  • ICIC Home Loan
  • Axis Bank Home loan