Home Loans in
Mangalore
Known for its beautiful beaches, vibrant culture, and booming real estate market, Mangalore indeed has a lot to offer to those who live here. You will get ample lenders happily offering a home loan in Mangalore, making your dream of buying a home here come true. The home loan interest rate in Mangalore, starting at 8.50% per annum, is an affordable bet for anyone. Home loans are offered to salaried and self-employed applicants for a maximum tenure of up to 30 years. These banks and non-banking financial companies (NBFCs) in Mangalore usually charge a processing fee between 0.25% and 0.50% of the loan amount to process each home loan application.
Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Home Loan Interest Rates in Mangalore
The lowest home loan interest rate in Mangalore begins at 8.50% per annum. Top banks and non-banking financial companies offer all types of home loan schemes to interested borrowers with minimum documentation. Have a look at the top 10 financial institutions with their current interest rates and processing fees for home loans in Mangalore:
| BASIC Bank/NBFC Partner Name | Max Tenure (in years) | Rate of Interest | Processing Fees (INR) | Contact |
|---|---|---|---|---|
 LIC HFC | 30 | 8.50% | Up to 0.25% (Rs. 25,000 max) | |
 Aadhar HFC | 30 | 11.75% - 17% | Rs. 3,500 + GST | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
 Bank of Baroda | 30 | 8.60% | 0.50% (Rs. 8,500 min; Rs. 25,000 max) | |
 PNB Housing | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max) | |
 Mahindra Finance | 20 | 8.50% | 1% - 3.5% of the loan amount (Rs. 1,000 min) | |
 ICICI Bank | 30 | 8.75% onwards | 0.50% - 2.00% of the loan amount | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) |
Eligibility Criteria for Home Loans in Mangalore
These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.
Documents Requirement for Home Loans in Mangalore
Documents play a crucial role in the home loan application process. Through these documents, the lender gets to verify a borrower's identity, age, income, address, and credit history. To make it easier for you, we are now sharing the list of documents required for housing loan in Mangalore for salaried and self-employed applicants:
|
|
| Proof Of Residency | Aadhaar Card, Valid Passport |
| Proof Of Income | Bank Passbook, Bank statement, Last 3 years IT Return |
| Proof Of Age | PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment |
| Proof Of Employment | Certified Letter from Employee/Company Memorandum |
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