Buying a home is a big step in life. If you are planning to buy an apartment at Prestige Southern Star, this is the right time to start planning your budget. The project is located in Akshayanagar, close to Begur Road, in Bangalore. It offers modern homes in a fast-growing area.

In this blog, we will explain how to finance your apartment in a simple way.

1. Make a Budget

Before you start looking at loans, you should know how much you can spend. Check your monthly income, savings, and other costs. Decide how much money you can pay in advance and how much EMI (monthly loan payment) you can afford.

Most banks give home loans for 75% to 90% of the flat cost. For example, if your flat costs ₹80 lakhs, you may need to pay ₹8–₹16 lakhs as a down payment.

2. Choose the Right Loan

Many banks and finance companies in Bangalore give home loans. Prestige Group also has tie-ups with top banks, which helps buyers get fast loan approvals.

Popular banks offering home loans:

• HDFC
• ICICI Bank
• SBI
• Axis Bank
• LIC Housing Finance

You can choose between fixed interest (same every month) or floating interest (can change with the market). In 2025, compare rates before picking the best one.

3. Check Loan Eligibility

Banks check your loan eligibility before giving you the money. They look at:

• Age
• Job and income
• Credit score (try to keep it above 75
• Other EMIs or loans you already have

If your credit score is low, pay off other loans first to improve it.

4. Plan Your Down Payment

You need to pay a part of the flat price in advance. This is called the down payment. You can use savings, fixed deposits, or mutual funds for this. Try not to take personal loans for the down payment, as they have high interest.

If you are a first-time buyer, you may also get help from schemes like PMAY (Pradhan Mantri Awas Yojana), which gives interest discounts for eligible people.

5. Don’t Forget Other Costs

There are some extra charges besides the home cost. These include:

• Stamp duty and registration
• GST (if it applies)
• Maintenance charges
• Clubhouse fees
• Cost for interiors or furniture

Ask the Prestige Southern Star team for a full cost sheet. This helps avoid surprises later.

6. Get a Pre-Approved Loan

A pre-approved home loan means the bank already agrees to give you a loan. It shows you are ready to buy. It also saves time when you want to book your flat.

Owning a home at Prestige Southern Star in Akshayanagar, near Begur Road, is a smart decision. It is a good location in Bangalore, close to schools, offices, and everything you need.

By planning your money well and choosing the right loan, you can buy your dream apartment in 2025 without stress. Talk to your bank, check your budget, and take the first step toward your new home.

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