Home Loan in Durgapur

Comparison Table of Home Loan Interest Rates offered by Top Banks/HFCs in Durgapur

Name of Lender	Loans of Up to Rs. 30 Lakh
Bank of India	7.10% p.a. onwards	Check Eligibility
State Bank of India	7.25% p.a. onwards	Check Eligibility
Punjab National Bank	7.20% p.a. onwards	Check Eligibility
Canara Bank	7.15% p.a. onwards	Check Eligibility
HDFC Bank	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.40% p.a. onwards	Check Eligibility
ICICI Bank	7.65% p.a. onwards	Check Eligibility
Axis Bank	*8.25% p.a. onwards	Check Eligibility
Federal Bank	*7.90% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	7.70% p.a. onwards	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.35% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.75% p.a. onwards	Check Eligibility
PNB Housing Finance	*7.20% p.a. onwards	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	8.43% p.a. onwards	Check Eligibility
L&T Finance Limited	*8.40% p.a. onwards	Check Eligibility
Godrej Housing Finance	7.75% p.a. onwards	Check Eligibility
Home First Finance	8.00% p.a. onwards	Check Eligibility
Easy Home Finance	8.99% p.a. onwards	Check Eligibility
Piramal Capital Housing Finance	*8.25% p.a. onwards	Check Eligibility
Shubham Housing Finance	10.45% p.a. onwards	Check Eligibility
Punjab & Sind Bank	7.30% p.a. onwards	Check Eligibility
Jio Housing Finance	8.20% p.a. onwards	Check Eligibility
HDFC Sales Pvt Ltd	7.90% p.a. onwards	Check Eligibility

Note: Interest rates as of 8 September 2025

Features of Home Loan offered in Durgapur

• The interest rate on home loans in Durgapur starts from 7.35% p.a. for loan tenures of up to 30 years.
• The loan to value (LTV) ratio for housing loans has been capped by the RBI at 90% for home loans up to Rs 30 lakh, at 80% for home loans above Rs 30 lakh and up to Rs 75 lakh & at 75% for home loans above Rs 75 lakh

Home Loan Amount	Home Loan LTV Ratio
Up to Rs 30 lakh	Up to 90% of total cost of property
Above Rs 30 lakh and up to Rs 75 lakh	Up to 80% of total cost of property
Above Rs 75 lakh	Up to 75% of total cost of property

• Home loan customers in Durgapur can transfer their ongoing loan to another lender at lower interest rates by exercising the home loan balance transfer Lenders also offer home loan top-up for their existing customers which loan borrowers can use to fulfil their personal and professional needs.
• Loan applicants from middle/low income groups and economically weaker sections can avail home loans under the Pradhan Mantri Awas Yojna (PMAY) scheme provided by the Govt. of India. This scheme helps in fulfilling the demand for affordable housing in India.
• Select home loan customers in Durgapur can avail pre-approved home loans from their lenders. Lenders decide the criteria for offering pre-approved home loans to their customers based on the borrowers’ income, credit scores, occupation profile, etc.
• RBI has restricted home loan lenders from levying prepayment charges on home loans with floating interest rates. However, lenders are free to charge prepayment fees on fixed interest rate home loans. Home loan lenders can also waive off home loan prepayment charges at their discretion.

Minimum Income Requirements for availing Home Loans in Durgapur

Lenders providing home loans in Durgapur usually prefer salaried loan applicants with monthly income of at least Rs 10,000 and self-employed individuals with annual incomes of Rs 1 lakh and above.

Eligibility Criteria of Home Loans in Durgapur

Some of the home loan eligibility criteria for loan providers offering housing loans in Durgapur are mentioned below:

Job Profile

Home loans lenders in Durgapur usually include both salaried (govt. employees and those working in private/public sector units) and self-employed (accountants, architects, contractors, doctors, traders, doctors, lawyers, etc.) loan applicants in their home loan eligibility criteria.

Age

Banks, HFCs and NBFCs usually offer home loans in Durgapur to loan applicants aged 18 years and above. Lenders also mandate that their home loan customers repay the loan amount by the time they reach 70 years of age.

Nationality

Lenders offering home loans in Durgapur usually prefer resident Indians as loan applicants with some lenders also considering loan applications of NRIs, PIOs and OCIs for their home loan schemes.

Credit Score

Home loan applicants with minimum CIBIL or credit scores of 730 are usually considered as financially disciplined by banks, HFCs and NBFCs. Therefore, such loan applicants have higher chances of availing home loans in Durgapur at lower rates of interest.

Work Experience

Banks, HFCs and NBFCs offering home loans in Durgapur usually prefer salaried loan applicants with minimum work experience of 2 years and self-employed applicants with at least 2 years of continuity of business.

Documents Required for Home Loans in Durgapur

Banks, HFCs and NBFCs providing home loans in Durgapur usually ask loan applicants to submit the below mentioned home loan documents:

For Salaried Applicants

• Identity/age proof: Driving licence, Aadhaar Card, PAN card, passport, voter ID, birth certificate, bank passbook, etc.
• Income proof: Letter of increment/promotion, salary slips of last 3 months, contract of employment, bank statements of last 6 months with salary credits, ITR, Form 16, etc.
• Proof of residence: Ration Card, Voter ID, Utility bills (telephone, gas, electricity), bank passbook, LIC policy receipt, letter from public authority verifying the applicants’ address
• Own contribution proof
• Property related documents
• Bank statements showing the repayment of ongoing loans, if any
• Cheque for home loan processing fees favouring the bank/HFC/NBFC providing the loan

Additional Documents for Self-Employed Applicants

• Last 3 years ITR
• Last 6 months current account statement of business entity & savings account statement of the home loan applicant
• P&L account and balance sheet of last 3 years duly attested by the CA
• Business license details
• Address proof for the business
• Home loan applicant’s business profile
• Latest form 26AS

Note: Banks, HFCs and NBFCs providing home loans in Durgapur may also ask for additional loan documents, apart from the ones mentioned above, based on their loan applicants’ profile.