Best Home Loan In Bangalore
Bangalore is the IT capital of India, and it is also amongst the best cities for investing in real estate. Whether you are paying for your first flat or investing in a villa, home loans in Bangalore have low-interest rates starting from 6.90% p.a., repayment tenures of up to 30 years, and tax savings of ₹3.5 lakh. With NoBroker's zero-brokerage platform, you can get home loan approval quickly, with transparent processes, all 100% digital.
Best Home Loan In Bangalore
Bangalore, commonly known as the Silicon Valley of India, remains a prominent destination for homebuyers and real estate investors alike, with steady job creation, remarkable infrastructure, and an active housing market. Now, it is time to take a home loan in Bangalore in 2025 with the interest rates starting at 6.90 % p.a., and you’ll have flexible repayment up to 30 years, and you can also avail of the tax rebate of tax deductions of up to ₹3.5 lakh annually. With NoBroker’s no-brokerage support, salaried employees, entrepreneurs, and NRIs can access the best home loan rates available here in India, from the top banks and NBFCs.
Overview of the Content
| Point | Summary |
| Why Bangalore? | IT hub, strong job market, rising property value |
| Interest Rate | Starts from 6.90% p.a. |
| Loan Tenure | Up to 30 years |
| Tax Benefits | Up to ₹3.5 lakh under Sec 24 & 80C |
| Top Locations | Indiranagar, Koramangala, Whitefield |
| Best Lenders | SBI, HDFC, ICICI, Axis, LIC HFL |
| NoBroker Perks | Zero brokerage, quick approval, 100% online |
Best Home Loan Providers in Bangalore (with Branch Locations)
Here are some of the best banks and financial institutions offering the best home loan in Bangalore, along with their branch addresses for quick assistance. If you’re unsure where to start, a home loan agent in Bangalore can help you compare these lenders easily.
| Bank/NBFC | Branch Address |
| State Bank of India | SBI, St. Mark’s Road, Bangalore – 560001 |
| HDFC Ltd. | HDFC House, Kasturba Road, Bangalore – 560001 |
| ICICI Bank | ICICI Towers, MG Road, Bangalore – 560001 |
| Axis Bank | Axis Bank, Indiranagar, CMH Road, Bangalore – 560038 |
| LIC Housing Finance | LIC HFL, Residency Road, Bangalore – 560025 |
| PNB Housing Finance | PNB Housing, Koramangala 1st Block, Bangalore – 560034 |
| Canara Bank | Canara Bank, MG Road Branch, Bangalore – 560001 |
| Bank of Baroda | BoB, Jayanagar 3rd Block Branch, Bangalore – 560011 |
Why Choose a Home Loan in Bangalore?
Bangalore is known for being the tech capital of India, as it sees permanent migration daily, has strong infrastructure growth, and has a combination of luxurious and affordable living arrangements. Want to know why home loans in Bangalore are worth your consideration?
- Strong Real Estate Appreciation: Real estate unapologetically appreciates year on year, especially in areas like Whitefield, Sarjapur, and Electronic City.
- Low EMI Burden: Home loans beginning at 6.90% p.a. come with monthly EMIs that you’re not going to feel as much.
- Connectivity: Metro expansions fresh off the ground, new flyovers, and the implementation of NICE road have continually added long-term value to properties.
- Job Magnet: The IT parks and startups make Bangalore a suitable place for professionals to set and their long-term home investments.
- Tax Deductions: You can claim Tax Deductions up to ₹3.5 lakh per annum under Sections 24 and 80C.
- NoBroker Support: Gain access to loan offers digitally with no hidden brokerage fees or delays.
Eligibility For Home Loan In Bangalore
To be eligible for a home loan in Bangalore, prospective applicants are required to fulfil the following criteria:
- Age: The minimum age for the applicants must be 21 years, and the maximum age limit should not exceed 65 years at the time of loan maturity.
- Income: The minimum annual income required is typically between Rs. 2-3 lakh, depending on the lender.
- Employment stability: The applicant should be employed for a minimum of 2-3 years, depending on the lender
- Credit score: A credit score of 750 or above is preferred by most lenders.
- Property valuation. The property being purchased must meet the bank’s legal and valuation criteria.
Documents Required To Get The Best Bangalore Bank Home Loan Interest Rates
You will need the following documents to apply for a home loan in Bangalore:
| DOCUMENT TYPE | DOCUMENT |
| KYC Documents | Aadhaar card, PAN card, passport, and voter ID card |
| Proof of Income | Salary slips, income tax returns, Form 16, and bank statements |
| Property-related Documents | Property registration papers, property tax receipts, and NOC from the builder or society |
| Proof of Employment | Offer letter, appointment letter, and employment contract |
| Others | Passport-size photographs, a loan application form, and a declaration of assets and liabilities |
It is important to note that the exact documents required may vary depending on the lender and the loan amount.
Key Features of a Home Loan in Bangalore
Before applying, it’s essential to understand the key features of a home loan in Bangalore that make a home loan flexible, affordable, and tax-efficient for buyers.
| Feature | Benefits |
| Interest Rate | Starting from 6.90% p.a. |
| Loan Tenure | Up to 30 years |
| Loan Amount | Based on income and property value |
| Processing Fees | 0.25% – 1% of the loan amount |
| EMI Options | Step-up, Step-down, Holiday EMI |
| Prepayment Charges | Nil on floating rate loans |
| Tax Benefits | ₹2L on interest + ₹1.5L on principal annually |
| Balance Transfer | Available for lower interest rate switching |
Comparing Home Loan Rates in Bangalore
| Lender | Home Loan Interest Rates In Bangalore | Processing Fees & Charges | Maximum Loan Amount | Maximum Loan Tenure |
| Aavas Financier Limited Home Loan | 8% | 2% | – | 30 Years |
| Aditya Birla Capital Home Loan | 9% – 12.50% | 1% | 10 Crores | 30 Years |
| Andhra Bank Home Loan | 8.15% – 9.20% | 0.50% or ₹15000 + GST (whichever is lower) | – | 30 Years |
| Axis Bank Home Loan | 8.75% – 14% | 1% | 10 Crores | 30 Years |
| Bank of Baroda Home Loan | 8.50% – 10.60% | 0.25%- 0.50% | 10 Crores | 30 Years |
| Bank of India Home Loan | 7.80% – 9.65% | – | 7.50 Crores | 30 Years |
| Bank of Maharashtra Home Loan | 8.40% | 0.25% or 25,000 (whichever is lower) | 1 Crore | 30 Years |
| Canara Bank Home Loan | 8.85%- 11.25% | ₹1,500 – ₹10,000 | 3 Crores | 30 Years |
| Central Bank of India Home Loan | 8.45% – 9.20% | 0.50% or ₹20,000 + GST (whichever of lower) | 75 Lakhs | 30 Years |
| DBS Home Loan | 8.25% – 9.75% | – | 5 Crores | 25 Years |
| Dena Bank Home Loan | 8.25% – 8.35% | 0.50% | 1.5 Crores | 30 Years |
| Dhanalakshmi Bank Home Loan | 7.2% | 1% or ₹10,00 + GST (whichever is higher) | 1 Crore | 30 Years |
| DHFL Home Loan | 8.75% | – | 5 Crore | 30 Years |
| Federal Bank Home Loan | 10.15% – 10.30% | – | 15 Crores | 30 Years |
| HDFC Ltd. Home Loan | 8.50% – 9.60% | 0.50% or ₹3000 (whichever is higher) | 10 Crores | 30 Years |
| IDBI Bank Home Loan | 8.75% – 11.45% | – | 10 Crore | 30 Years |
| IDFC First Bank Home Loan | 8% – 14% | 3% | 10 Crores | 30 Years |
| Indiabulls Home Loan | 8.75% | 1% | 2 Crores | 30 Years |
| Indian Overseas Bank Home Loan | 9.55% | – | – | 30 Years |
| India Shelter Finance Corporation Home Loan | 13% – 20% | 2% – 3% + GST | 50 Lakhs | 20 Years |
| Jammu and Kashmir Bank Home Loan | 8% | 0.25% + GST | 50 Lakhs | 30 Years |
| Karnataka Bank Home Loan | 9.08% – 10.38% | 0.50% – 2% | 5 Crores | 30 Years |
| Karur Vysya Bank Home Loan | 9.23% – 12.13% | ₹2500 – ₹7500 + GST | – | 25 Years |
| Kotak Mahindra Bank Home Loan | 8.85% – 9.40% | 0.50% | 10 Crores | 20 Years |
| LIC HFL Home Loan | 8.70% | 0.30% onwards | 10 Crores | 30 Years |
| PNB Housing Home Loan | 8.50% – 10.85% | – | 2 Crores | 30 Years |
| Reliance Home Finance Limited Home Loan | 9.35% – 13% | 0.50% – 1.50% | – | 20 Years |
| South Indian Bank Home Loan | 7.95% – 9.60% | 0.50% + GST | 15 Crores | 30 Years |
| State Bank of India Home Loan | 9.55% | ₹2000 – ₹10000 + GST | 5 Crores | 30 Years |
| Sundaram Home Finance Ltd Home Loan | 6.95% – 8.30% | 0.50% | 4 Crores | 25 Years |
| Tamilnad Mercantile Bank Home Loan | 9.10% – 9.60% | 0.50% | 5 Crores | 30 Years |
| Tata Capital Limited Home Loan | 8.95% | 2% | 5 Crores | 30 Years |
| Union Bank Home Loan | 8.75% | 0.50% or ₹15000 + GST (whichever is lower) | – | 30 Years |
| Yes Bank Home Loan | 9.15% – 11.25% | 1.5% – ₹10000 (whichever is higher) | 10 crores | 35 Years |
Top 5 Locations To Buy Homes In Bangalore
Here are the top leading and preferred locations in Bangalore, viable for home purchase, along with some supporting information:
- Indiranagar: Indiranagar is an upscale locality in East Bangalore preferred for its high-end residential locales, restaurants, shopping centres, and other infrastructure. The area is well-connected to the rest of the city and is a popular location among young professionals and expats.
- Koramangala: Koramangala is a prime residential location in South Bangalore. It is well connected with the major parts of the city, providing quality social infrastructure with many schools, restaurants, and hospitals.
- Whitefield: Whitefield is a fast-growing suburban area located in East Bangalore. It is home to several IT parks and tech companies, making it a prime location among tech professionals. This area also provides good social infrastructure with quality schools, shopping centers, and hospitals.
- JP Nagar: JP Nagar is a residential area in the south of the city. With excellent social infrastructure, it also provides an easy connection to the rest of the city. The area is known for its independent houses, villas, and apartments.
- Jayanagar: Jayanagar is an established residential area in the south of the city known for its independent houses, villas, and apartments. With good connectivity to the major parts of the city, it also provides access to several parks and gardens, making it a preferable choice among families.
Tax Benefits On Home Loan Rates In Bangalore
To be eligible for a home loan in Bangalore, prospective applicants are required to fulfil the following criteria:
1. Tax deduction on interest payment:
Section 24 of the Income Tax Act, 1961 allows a deduction of up to Rs. 2 lakh on interest paid for self-occupied property, and has no maximum limit for a rented-out property.
2. Tax deduction on principal repayment:
Under Section 80C of the Income Tax Act, 1961, borrowers can claim a deduction of up to Rs. 1.5 lakh on the principal repayment of a home loan.
3. Tax benefits on joint home loans:
If a home loan is taken jointly, each borrower can claim tax benefits on the interest paid and the principal repayment, proportionate to their share in the loan.
4. Tax benefits on pre-construction interest:
Borrowers can claim a tax deduction on the interest paid during the pre-construction period, in five equal instalments, starting from the year in which construction is completed.
5. Tax benefits on stamp duty and registration charges:
Borrowers can claim a deduction on stamp duty and registration charges paid while purchasing a house, subject to a maximum limit of Rs. 1.5 lakh under Section 80C.
NOTE: Tax benefits are subject to changes in tax laws and regulations. Borrowers are advised to consult a tax expert for detailed information on the tax benefits of home loans.
Conclusion:
Purchasing a home in Bangalore in 2025 is not only about buying into a property; it is a chance to invest in your future in a growing metropolis with continued real estate opportunities, world-class infrastructure, and high rental income. With low interest rates, long tenure periods, and tax benefits, taking out a home loan in Bangalore doesn’t break the bank – it is a solid financial plan. NoBroker’s digital, zero brokerage process for home loans helps you to get the best deal with little hassle, whether you are salaried or self-employed.