On average, the home loan interest rates in Bangalore fall broadly within the range of around 7.3% to 10.5% per annum. This is for well-qualified borrowers, depending on the bank and loan features. But these rates vary significantly depending on factors such as the borrower’s credit score, employment profile, loan amount, tenure, and whether the rate is fixed or floating.
Here are five of the top lenders in Bangalore and their respective interest rates:
HDFC Bank: Offers home loan interest rates starting from 7.90% p.a. for their housing finance products in Bangalore.
ICICI Bank: Standard home loan interest rates reported range from 7.70% p.a. (depending on loan amount and borrower category).
IDFC First Bank: In Bangalore, home loan interest rates are noted as starting from 8.85% p.a. for eligible borrowers.
Kotak Mahindra Bank: Lists its home loan interest rate in Bangalore as from 7.99% p.a.
Bank of Maharashtra: Although a national bank rather than Bangalore-specific, it shows home loans with rates starting around 7.35% p.a.
It’s wise to compare the current offers from multiple lenders, check your own credit and financial profile, and ask for the effective interest rate.
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The home loan interest rates in Bangalore generally start at 8.50% p.a., but this rate differs from one bank to another. I was struggling to choose which bank would be the best to avail of a loan and thus, after consulting with a few friends, I opted for a home loan through NoBroker. You can visit their page and find out the different interest rates of different banks. Since you asked, let me help you out.
What are the Housing Loan Interest Rates in Bangalore?
Let me share the interest rates of different banks as per NoBroker here:
| Bank Name | Interest Rate |
HDFC Regular Home Loan |
8.45% Onwards |
Bajaj Regular Home Loan - Resale |
8.50% Onwards |
Godrej Finance Regular Home Loan |
8.64% Onwards |
ICICI Regular Home Loan |
8.65% Onwards |
Bank of Baroda - with Insurance |
8.45% Onwards |
SBI Regular Home Loan |
8.5% Onwards |
Axis Regular Home Loan |
8.65% Onwards |
Bank of Maharashtra |
8.7% Onwards |
Kotak Home Loan - with Insurance |
8.75% Onwards |
You can visit a few banks or visit their official page to know the home loan rates in Bangalore. But, here is what I will suggest to avail your home loan online by following the below steps:
Visit
NoBroker’s Home Loan Page
You can see the list of banks and their interest rates there
You can also check your eligibility instantly by providing details like name and mobile number
Then just choose your desired bank and avail your loan
I personally loved NoBroker. At least I did not have to stand in long lines or wait for weeks to get my loan approved. NoBroker’s dedicated experts took care of those aspects, relieving me of major hassles.
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What are the Home Loan Interest Rates in Bangalore?
Rinku
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2024-01-31T11:11:23+00:00 2024-01-31T11:23:58+00:00Comment
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