Home Loan in Bangalore

Application process for a home loan can be done entirely online. Piramal Finance has a hassle-free application process. Furthermore, a dedicated representative from the company will guide you through the entire process.

Home loans have a very basic eligibility criteria. Both salaried and self-employed individuals can apply for a home loan.

• For salaried individuals
  Any person above the age of 21 can apply for a home loan in Bangalore. The upper age limit to apply for a home loan is 70 years for government employees and 62 years for non-government employees. Retired individuals who do not receive pension are not eligible for a home loan. You can be employed in government institutions, public sector undertaking companies or private sectors.
• For self-employed
  

  Individuals between the age of 23 and 70 years are eligible to apply for a home loan. This includes self-employed professionals like doctors, chartered accountants, designers and architects. Business owners and other self-employed non-professionals are also eligible to apply for a home loan.

Lastly, a co-applicant must be there in order to be eligible for a home loan. Any first blood relative or your spouse can be a co-applicant.

Applicants need to submit a set of documents before the approval of the loan. Here's what is needed.

• Recent photograph
  You need to submit a recent photograph of yourself along with the application form.
• Proof of identity
  You have to produce any of the following documents as a proof of identity.
  • Aadhar card
  • Voter's ID card
  • Driving license
  • NREGA job card
  • NPR-issued letter
  • Passport
• Proof of income

Proof of income is different for salaried and self-employed individuals.

Salaried individuals can produce any of the following:

• Salary slips of last 3 months
• Latest bank statement with salary credit
• Latest bank statement without salary credit, along with salary slips.
• 2 Years’ Form 16

Self-employed individuals can produce any of the following:

• IT Returns of the last two financial years
• Audit of financial statements by a CA
• Recent bank statements

Home loans at Piramal Finance come are available at affordable interest rates. They begin from 11.00%* p.a.

A very small percentage of the total loan amount is charged as a processing fee. All the charges are mentioned on the application form and there are no hidden charges.

Bangalore is a metropolitan city that is the face of developing India. Its citizen-centric policies, job opportunities and accessibility to resources makes it one of the best cities to live in. If you feel a home loan can provide you with the opportunity to own a home in Bangalore, you can visit Piramal Finance’s loan options from its website.