How to Choose the Best Financial Institution for Home Loans in Bangalore? - Loan Trivia


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Wednesday 27 December 2017

How to Choose the Best Financial Institution for Home Loans in Bangalore?

As one of the most populated cities in India, Bangalore has become the hub for many industries. Finance industry is one of them. The choices you have in terms of finance options in Bangalore are quite overwhelming.
With so many options to choose from, the customers are often confused about finding the best Home Loan lender Bangalore?
If you are someone who is planning to buy a property in Bangalore and need to apply for a Home Loan, you must have faced this challenge.
We have some quick tips that will help you find the best financial institution or lender for Home Loans in Bangalore. There are some basic parameters that you can use to compare Home Loan providers. These include the following:

  • Home Loan Eligibility Criteria- Find a lender where you fit the eligibility criteria in terms of employment, monthly income and other factors.
  • Terms & Conditions- Always do your homework and read up on the terms and conditions of multiple lenders in order to find the best option for your needs.
  • Rates of Interest- Always go for lenders offering the lowest and most competitive Home Loan rates since this will keep your EMIs manageable.
  • Application & Processing- Compare the Home Loan processes of various lenders. Go for lenders, which have easy online application methods along with hassle-free documentation and verification systems. Choose lenders with low processing times and fast disbursal.
For instance, Bajaj Finserv as a lender offers all the above mentioned benefits. You can definitely consider them as one of the options.
  • Tenor- Choose the lender that offers a flexible Home Loan tenor.
  • Added features & benefits- Choose lenders with added benefits like flexible repayments, online Home Loan calculators and so on.

These parameters will definitely help you zero in on the best Home Loan providers in Bangalore. Talking of Home Loans, here are some exclusive benefits of applying Home Loan which are offered by popular lenders in Bangalore, like Bajaj Finserv.
  • Home Loan+ - This unique feature helps you get an added amount for taking care of fittings, furnishings and other fixtures while doing up your home. You do not have to apply separately for another home improvement loan or personal loan for this purpose.  
  • Balance Transfer- For those who are unhappy with their current Home Loans, Bajaj Finserv offers hassle free balance transfer facilities with minimal documentation and additional top-up loans at attractive interest rates. Get a balance transfer done at a lower interest rate along with getting online account access, instant online approval and other benefits like zero foreclosure and part pre-payment charges.
  • Refinance- In case you have bought your home with your own funds within the last 12 months, you can choose the refinance option and take a loan up to your property’s registered value.
  • Part Prepayment Facilities
  • Zero Foreclosure Charges
  • Flexi Loan Account- This industry first feature helps you drawdown/pre-pay money within your drop-line facility using the self-service system, which is completely hassle free. You can save interest costs by pre-paying with any added/surplus funds that you possess without any interest being charged on this amount. You only pay interest on the amount that you utilize.
  • 3 EMI Holiday- The 3 EMI Holiday feature helps you get a grace period to plan out and manage your finances before starting loan repayments.
  • Online Account Access- You can easily access your account online along with getting all information like the interest certificate, payment schedule and repayment track through the dedicated customer portal.

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