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Home Loan inBengaluru

Home Loan In Bengaluru

Own A House In Bengaluru With SMFG Grihashakti Home Loans

Bengaluru, the shining silicon valley of the country, is a great destination for living. Bengaluru entirely accounts for software exports for Karnataka. This attracts people from all over India to reside in Bengaluru thereby giving rise to umpteen opportunities for a home loan in Bengaluru. SMFG Grihashakti is a home loan provider in Bengaluru that helps you meet your dreams.

SMFG Grihashakti special features!

A SMFG Grihashakti home loan in Bengaluru can go up to 90% of the property value. An attractive home loan interest rate is offered to borrowers based on their eligibility and SMFG Grihashakti’s policy at the time of loan application. You can also stretch your repayment tenure up to 30 years* to make it comfortable on your wallet.

Features and Benefits of Home Loan in Bengaluru

From attractive interest rates and flexible repayment tenures to quick loan disbursals, a home loan at SMFG Grihashakti comes with plenty of benefits.

Attractive Interest Rates

Based on eligibility and SMFG Grihashakti’s policy at the time of loan application, salaried applicants can get interest rates starting at 10% per annum*. For self-employed applicants, interest rates start at 11% per annum.

Flexible Repayment Tenures

We offer a repayment tenure of up to 30 years*, so that you get a flexible period to plan your EMIs.

Online Application

Our convenient, self-explanatory online application process makes it easy to apply for a home loan from anywhere.

Swift Loan Processing

Meeting your housing finance needs is easier with our quick 72-hour* loan processing. Please note that the time is subject to your eligibility as well as the successful verification of your loan documents.

Easy-to-use home loan calculators

We offer EMI, eligibility, and prepayment calculators. They will help you plan your monthly installments based on different interest rates and tenures, check the maximum amount you may be able to borrow, and see the benefits of making part prepayments.

SMFG Grihashakti Housing Loan has special features:

You can opt for an easy online application procedure for your home loan application. To apply online, click on the ‘Apply Now’ button on this page, and thereafter follow a few steps that are simple to understand. You can keep a scanned copy of your documents handy for a quick upload. If you prefer to apply offline, then you can visit our Bengaluru branch and the representatives will take you through the process seamlessly.

Minimum home loan documents:

Home loan documentation list with SMFG Grihashakti is crisp and easy to understand. Once you sign the application form, you need to provide the following documents:

Salaried

Proof Of Identity

PAN Card
Voters ID
Driving License
Employee Card

Proof Of Income

Last 3 months’ salary slips
2 years’ Form 16
6 months’ bank statement with salary credit

Proof of Residence

Aadhaar Card*
Latest Electricity bill/Piped gas monthly bill
Ration Card
Property Tax/Water Bill

Self Employed

Proof Of Identity

PAN Card
Voters ID
Driving License

Proof Of Income

Last 2 years’ ITR with computation
CA audited Financial wherever applicable
6 months primary bank statement

Proof of Residence

Aadhaar Card*
Latest Electricity bill/Piped gas monthly bill
Ration Card
Property Tax/Water Bill

Property related documents will also be requested.

*Terms and conditions applicable. Loans are sanctioned at the discretion of SMFG Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.

Home Loan Eligibility:

You are eligible to apply for SMFG Grihashakti home loan in Bengaluru as a salaried or a self-employed individual. Some of the basic eligibility criteria for a home loan are:

Salaried applicants must be earning at least INR 1,20,000 per annum. They should have a work experience of at least 1 year.
Self employed applicants must be earning a minimum annual profit
CIBIL score of at least 700, with a good repayment history
Age should be at least 21 years at the age of loan application and not more than 65 years by the time of maturity

Final eligibility will be determined based on several other factors including Grihashaki’s policy at the time of loan application.

Home Loan EMI Calculator

A home loan EMI calculator lets you evaluate your monthly outflow as a result of the home loan EMI by inputting basic details. You just need to enter the rate of interest, loan amount, and repayment tenure. You can even alter these multiple times to know your desired EMI.

Home Loan Eligibility Calculator

A Home loan eligibility calculator gives you your maximum loan eligibility amount based on a few important details. Once you key in your details, you get your result in a few seconds. This helps you in better clarity and understanding for your future home loan.

Home loan interest rates

Your home loan provider in Bengaluru, SMFG Grihashakti offers attractive home loan interest rates customized as per your eligibility, profile and requirement. We offer flexible repayment tenures of upto 30 years, thereby enabling you to get your dream home.

Quick Links

Home Loan EMI Calculator

Home Loan Eligibility Calculator

Home Loan Interest Rates

Home Loan Prepayment Calculator

FAQ's

What is a home loan?

Home loan is an amount of money that people borrow from lenders specifically to purchase a house. The borrower needs to repay the loan with interest through monthly EMIs for a specified tenure at pre-agreed upon terms.

How much home loan can I get?

You can take a home loan up to 90% of the property value with Grihashakti.

How do I repay a home loan?

You can repay the home loan through monthly EMIs. Payment can be done in 1 or more of the following ways:

Through post dated cheques
Payment at branch
Online payment via grihashakti.com

How can I apply for a home loan in Bengaluru?

Here is the best way to apply for a home loan in Bangalore:

Select the property you wish to purchase.
Check the maximum loan amount you can get using a home loan eligibility calculator. The remaining amount will have to be paid for by you. If you don’t have the required funds, consider a different property or add a close family member who has a good income and credit score as a co-applicant. Re-evaluate your loan eligibility by using your combined income/debt levels.
Use an EMI calculator to determine the monthly EMI and choose an appropriate tenure. You must ensure that your age cannot exceed 65 years by the time of loan maturity
Ensure you match the required eligibility criteria
Click on the “Apply now” button on this page and complete OTP verification
Fill up the form with your details and upload documents
Submit the application. Our representative will get in touch to take the process ahead.

If you prefer to have a discussion first, feel free to contact us or visit your nearest SMFG Grihashakti branch.

What is the lowest interest rate on a home loan in Bengaluru?

Interest rates can vary from lender to lender. At SMFG Grihashakti, salaried applicants can get interest rates starting from 10% per annum*, while self-employed applicants can get interest rates that begin at 11% per annum*.

What is the maximum housing loan in Bengaluru that I can get?

The maximum housing loan amount will differ as per the lenders’ policy at the time of loan application. SMFG Grihashakti offers home loans up to INR 1 crores* or up to 90% of the property value.

How to apply online for a home loan in Bengaluru?

At SMFG Grihashakti, you can apply for a loan online or offline. Our online application process is simple and quick. It involves checking your eligibility and submitting your documents, after which our representative will get in touch with you to guide you further. Alternatively, you can visit your nearest SMFG Grihashakti branch and let our representatives guide you.

What is the minimum salary for a home loan in Bengaluru?

The minimum salary requirement may vary depending on the lenders’ policy at the time of loan application. A stable monthly income source of INR 25,000 to INR 30,000 is advisable. As a general rule of thumb, your home loan EMI should be a maximum of 35% to 40% of your income.

Disclaimer: *Please note that loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms, and disbursal process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

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