Fulfill Your Dream of Owning a Home in Bangalore

Posted by Bhavna Singhal on December 18th, 2018

Owning your own home is a dream which many of you have. A home is not only your own private place it also proves to be a good investment. Moreover, having your own home also gives you mental peace knowing that your family has a place to call their home. Bangalore is a metropolitan city which is a hub of IT and other commercial giants. As a result, the city attracts many individuals. The cost of real estate, though, is high in Bangalore given that it is a metropolis. As such many of you are unable to fulfill your dream of owning a home in Bangalore. What if you can?

Home loans allow you easy finance to own your home, even in Bangalore. You can apply for a home loan in Bangalore and get the necessary funds to buy or build your own home. Here are the benefits which a home loan provides to potential home owners -

  • One loan, multiple uses

You can avail a home loan to build your own home, buy a readymade home, buy a plot of land for construction and even extend or make alterations to your home. Thus, a home loan has various uses and, as such, suits the needs of every individual

  • Affordable interest rates

The interest rates charged by home loans are low. It starts from as low as 8.65% and allows even middle-class individuals to avail the loan affordable.

  • High loan amount

You can avail a high amount of loan through home loans. Loans are allowed for up to 90% of the value of the property which is to be financed using the loan. Thus, even when you don’t have enough savings of your own, you can avail a home loan and purchase your dream home easily.

  • Easy repayment options

Repayment of the loan is also easy and affordable. You get a tenure going as high as 30 years to pay off the loan. You can, therefore, work out affordable EMIs which would not prove to be a burden on your finances. Moreover, when the EMIs are affordable you can easily repay the loan without defaulting on it.

  • Prepayment facility

Home loans also allow you easy prepayment facilities. If you have surplus funds in your hand you can prepay a part of the loan or the entire loan and get rid of your debt before the stipulated tenure of the loan. Besides getting rid of the loan you can also save on the interest payable for the loan.

Home loans, therefore, help you build or buy your own home even in Bangalore where real estate rates are on the higher side. There are various banks and non-banking financial institutions which offer you home loans at attractive interest rates. The eligibility parameters of the loan are also simple and you can even apply for the loan online. So, go online, compare the different home loan options available and then avail a home loan to have your own home.

Additional:- Different ways to gain tax benefits from your home loan

Like it? Share it!

Bhavna Singhal

About the Author

Bhavna Singhal
Joined: June 5th, 2018
Articles Posted: 22

More by this author