Home Loans in
Mysore
Excellent infrastructure, strategic location, and growing real estate market make Mysore appealing as a place for residence. Do you want to enjoy an exceptional quality of life living in an owned home in Mysore but facing a financial crunch? Then, seek help in the form of home loans and mortgage loans in Mysore from the top banks and NBFCs in the city. Home loans in Mysore start at an interest rate of 8.50% per annum. An eligible applicant can get a home loan in Mysore for up to 30 years and enjoy flexible repayment modes. Most of these charge a nominal processing fee of up to 0.50% of the loan amount for processing a 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 Mysore
The lowest home loan interest rates in Mysore start at 8.50% per annum and can go as high as 12.95% depending on the repayment capacity and the home loan scheme chosen by the applicant. Eligible applicants can expect a home loan of up to 90% of the property cost from the best banks and non-banking financial companies in Mysore. The table below enlists the current home loan interest rate in Mysore offered by the top 10 banks and NBFCs:
| 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) | |
 L& T Finance | 25 | 8.60% | Up to 3.00% | |
 HDFC Bank | 30 | 8.65% - 9.85% | Up to 0.25% (Rs. 3,540 min) | |
 PNB Housing | 30 | 8.75% - 11.45% | Up to 0.50% (Rs. 10,000 max) | |
 State Bank of India | 30 | 9.15% - 12.95% | Up to 0.25% (Rs. 10,000 max) | |
 Federal Bank | 30 | 10.15% - 10.30% | Rs. 20,000 | |
 Bajaj Housing | 40 | 8.50% | Up to 7% of the loan amount + GST | |
 Tata Capital Ltd. | 30 | 8.95% onwards | 0.25% of the loan amount (Max: Rs. 3,540) |
Eligibility Criteria for Home Loans in Mysore
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 Mysore
Top lenders ask applicants to submit documents for home loans in Mysore. These are documents that are required by the banks and NBFCs to verify the applicant’s age, nationality, income, employment status, and banking history. Listed below are the required set of documents for home loans in Mysore:
|
|
| 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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