Ready to Make Your Dream Home a Reality?

Explore Our Home Financing Options Today!

Overview of Product

Home or Apartment Purchase Loan in Bangalore, India

Looking to purchase a house or apartment in Bangalore, India? Grab Capital can be your one-stop shop for financing your dream. We’re among the leading home loan lenders in Bangalore, india, offering a seamless online application process for house loans.

Our competitive interest rates ensure you get the best deal on your housing loan. We understand the importance of affordability, so we provide some of the lowest EMI home loan options in the market.

Whether you’re a first-time homebuyer or looking to upgrade, Grab Capital’s housing loan solutions cater to your needs. Apply for a house purchase loan online in india today and take that exciting step towards homeownership!

Features of Home Purchase Loan in Bangalore, India

Flexible eligibility: Get approved with minimum wage or alternative income verification.

Transparent fees: No hidden charges, just clear and upfront costs.

Convenient service: Our experts come to you, making the process hassle-free.

Widespread reach: We serve rural, semi-urban, and urban areas across India.

Your property partner: We support loans for various properties, including:

  • Development Authority & RERA approved flats/houses
  • Municipal Corporation/Nagar Palika properties
  • Freehold & Leasehold options
  • Gram Panchayat properties

Benefits of Home Purchase Loan In Bangalore,India

Tax Benefits: Enjoy tax benefits on your home loan under Section 24, 80EE & 80C of the Income Tax Act.

Maximize Your Eligibility: Get the highest home loan eligibility to afford your dream home.

Convenient Service: Get door-to-door service with quick processing and disbursal of your home loan in India.

Home or Apartment Purchase Loan Interest Rate in Bangalore, India

Name of Lender Interest Rate
SBI
8.5% onwards
HDFC Bank
8.5% onwards
LIC Housing Finance
8.5% onwards
Kotak Mahindra Bank
8.5% onwards
ICICI Bank
8.5% onwards
Punjab National Bank
8.5% onwards
Bank of Baroda
8.5% onwards
IDFC First Bank
8.5% onwards
Axis Bank
8.5% onwards
Godrej Housing Finance
8.5% onwards
Canara Bank
8.5% onwards

Why Choose Grab Capital ?

How much are you looking for?

Home or Apartment Loan EMI Calculator

Document

Calculate Your EMI Below and Apply with Confidence!

Amount
Interest Rate in %
Tenure (in months)

EMI

123

Total Interest Payable

1234

Total Amount

12345
Home Loan EMI Calculator
Eligibility-Criteria-for-Home-Loan

Eligibility Criteria for Home or Apartment Loan in Bangalore, India

Our Purchase Apartment or a House eligibility criteria at Grab Capital are thoughtfully crafted to simplify the application process, ensuring a hassle-free experience for you.

Documents required for Home or Apartment Loan in Bangalore, India

At Grab Capital, we prioritize your convenience. Our Purchase Apartment or a House application process is streamlined, requiring minimal documentation.

Document-Required-for-Home-Loan

Note: Please be aware that the list of eligibility and documents mentioned above for the financing is not exhaustive. Additional documentation may be necessary as part of the application and processing requirements.

Ready to Secure Your Funds?

Your Eligibility Is Confirmed, It’s Time to Apply for the Funds You Need to Achieve Your Financial Goals!

FAQ's

Frequently Asked Questions

What is a Home Purchase Loan?

A home loan is a secured loan borrowed from a home purchase loan lender (banks, housing finance companies) to finance the purchase of a house, construction of a new home, or renovation of an existing one. You repay the loan amount with interest over a predetermined tenure.

How long does it take to get a home loan sanctioned?

The time to get a home loan sanctioned can vary depending on the lender, your loan amount, and the completeness of your application.  It typically takes 2-4 weeks for approval, but it can be quicker or longer depending on individual circumstances.

Who can be a co-applicant?

A co-applicant for the fund can be an immediate family member like a spouse, parents, or major children. All property co-owners must be co-applicants, but a co-applicant doesn’t necessarily have to be a co-owner.

When does my fund repayment period begin?

Funds repayment starts after the full amount is disbursed. However, you usually pay monthly interest, called pre-EMI, on the partially disbursed funds.

Can I prepay my outstanding home financing amount?

You have the option to make early repayments on your financing, whether partially or in full, before the financing tenure ends. Floating-rate financing typically do not incur prepayment fees, but fixed-rate home financing may have a penalty of up to 2% of the financing amount when repaid through refinancing.

 

Which factors determine my home loan eligibility in Bangalore, India?

Several factors determine your home loan eligibility in india, including:

Credit score and credit history: A higher credit score indicates better financial discipline and improves your chances of getting a loan with a lower interest rate.

Income and employment status: Stable income and employment demonstrate your ability to repay the loan.

Loan-to-value ratio (LTV): This is the percentage of the property’s value you are borrowing. Lenders typically prefer a lower LTV, meaning you pay a higher down payment, reducing their risk.

Debt-to-income ratio (DTI): This compares your total monthly debt obligations to your gross monthly income. A lower DTI indicates a higher capacity to handle additional debt.

What is the difference between a fixed-rate and a floating-rate home loan?

Fixed-rate home loan: The interest rate remains constant throughout the loan tenure, offering stability in your EMIs (Equal Monthly Installments).

Floating-rate home loan: The interest rate fluctuates with market conditions, potentially leading to variations in your EMIs.

What is Pre-EMI?

Pre-EMI is the interest charged on the disbursed loan amount during the construction period of your house. It applies only to home loans for under-construction properties.

Can I switch from a fixed rate to a floating rate during my home loan tenure?

This depends on your lender’s policies and the terms of your loan agreement. Some lenders may allow you to switch with specific conditions and fees.

Can I take 2 home loans at the same time?

It is possible to take two home loans simultaneously, but it depends on your eligibility and lender’s policies. Having two ongoing loans will increase your overall debt burden, so proceed with caution and ensure you can comfortably manage the repayments.

Can I get 100% financing on a home loan?

In most cases, lenders won’t offer 100% financing for home loans. They typically require a down payment of at least 10-20% of the property value to reduce their risk.

Is a personal loan better than a home loan?

Personal loans and home loans cater to different needs. Personal loans are suitable for various purposes like debt consolidation or medical emergencies, but they typically come with higher interest rates compared to home loans. Home loans are specifically for financing property purchases and offer longer repayment tenures with potentially lower interest rates, but they require the property as collateral.

It’s crucial to compare loan options, interest rates, and terms offered by different home loan lenders (banks, housing finance companies) in India to find the best deal that aligns with your financial situation and home buying goals.

Contact information

Feel free to get in touch with us anytime – we’re here to assist you!

2024 Grab Capital by D Alliance Capital and Wealth. All rights reserved.

Developed by Scale Delight

Purchase Apartment or a House Form

Renovation or Interiors Loan Form