Compare & Apply from the Best Home Loan Offers
Kolkata is one of the financial and commercial hubs in India. The city accommodates the second-largest stock exchange and the oldest part of the country. A fast-growing economy, reputed educational institutions, reliable medical facilities are some of the factors that increased the interest of people in the city; thereby increasing the demand for housing. If you want to settle in Kolkata, buy the best residential property with a home loan in Kolkata.
Home Loan in Kolkata – Features & Benefits
- Low home loan interest rates
- Pre-approved home loan offers
- Tax benefits on home loan principal and interest amount
- No prepayment charges on floating rate home loans
- PMAY CLSS interest subsidy of up to Rs. 2.67 lakh
- Pre-approved real estate projects
- A balance transfer, overdraft, and top up facilities
Compare Home Loan Interest Rates for Top Banks & HFCs in Kolkata
| Interest Rates (% p.a.) | |||
| Name of Lender | Up to 30 Lakh | Above 30 Lakh & upto 75 Lakh | Above 75 Lakh |
| State Bank of India | 6.70-7.65 | 6.70-7.75 | 6.70-7.85 |
| HDFC | 6.70-8.45 | 6.70-8.60 | 6.70-8.70 |
| Axis Bank | 6.75-11.50 | 6.75-11.50 | 6.75-11.50 |
| ICICI Bank | 6.70-7.55 | 6.70-7.55 | 6.70-7.55 |
| Kotak Mahindra Bank | 6.55 onwards | 6.55 onwards | 6.55 onwards |
| PNB Housing Finance | 6.99-12 | 6.99-12 | 7.15-12 |
| Punjab National Bank | 6.55-7.95 | 6.50-7.65 | 6.50-7.60 |
| Bank of Baroda | 6.50-8 | 6.50-8 | 6.50-8.25 |
| Union Bank of India | 6.40-7.60 | 6.40-7.65 | 6.40-7.65 |
| IDFC First Bank | 6.90 onwards | 6.90 onwards | 6.90 onwards |
| L&T Housing Finance | 6.75 – 7.75 | 6.75 – 7.75 | 6.75 – 7.75 |
| Bajaj Finserv | 6.70-14 | 6.70-14 | 6.70-14 |
| Godrej Housing Finance | 6.49 onwards | 6.49 onwards | 6.49% onwards |
| Tata Capital | 6.70 onwards | 6.70 onwards | 6.70 onwards |
| LIC Housing Finance | 6.66-7.85 | 6.66-8.05 | 6.66-8.05 |
Check: Home Loan Interest Rates of Other Banks & HFCs
Calculate Home Loan EMI
Paisabazaar’s Home Loan EMI Calculator tells you how much you need to pay towards your home loan every month. The online loan calculator uses a few loan details (principal amount, interest rate, and loan tenure) to give accurate results. Calculating home loan EMI in advance will help you plan your finances. Home loan calculator, besides calculating your home loan EMI, displays the amortization schedule, total interest due, and the total amount payable.
Home Loan Eligibility in Kolkata
| Criteria | Salaried applicant | Self-employed applicant |
| Nationality | Resident Indians, Non-Resident Indians (NRIs) & Persons of Indian Origin (PIOs) | |
| Age | 18 – 70 years | 21 – 70 years |
| Work experience/ business continuity | At least 2 years | At least 3 years |
| Net minimum income/salary | At least Rs. 25,000 | At least Rs. 5 lakh |
| Credit Score | Score as close to 900 will get your better home loan offers | |
Note: The above eligibility criteria may vary across lenders, home loan schemes, locations, and credit profiles.
Besides the above home loan eligibility criteria, your lending institution will also look at your educational qualifications, property characteristics, a number of dependants, existing loan payments, etc. to assess your creditworthiness.
Documents Required for Home Loans in Kolkata
The list of documents required to apply for a home loan in Kolkata is:
- Filled home loan application form
- Passport size photographs
- A copy of identity proof (such as PAN, Aadhaar, Voter ID, Passport, Driving License, etc.)
- A copy of address proof (such as Aadhaar, PAN, Passport, Driving License, Voter ID, etc.)
- A copy of income proof (such as Form 16 or latest salary slips for salaried applicants and proof of business continuity of at least 5 years for self-employed applicants)
- Bank account statements of last 6 months
- Property-related documents (such as buyer agreement, own contribution proof, receipt of payments made to developer, etc.)
List of Top Home Loan Providers in Kolkata
- State Bank of India (SBI)
- HDFC Bank
- Punjab National Bank (PNB)
- Bank of Baroda (BoB)
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- Canara Bank
- Bank of India (BoI)
List of Top Builders and Developers in Kolkata
- Godrej Properties
- Elita Homes
- Jain Group
- Siddha Group
- Loharuka Group
- Purti Group
- Mani Group
- Ganguly Group
- Shrachi Group
- Eden Group
Types of Home Loans offered in Kolkata
- Home Purchase Loan – Individuals usually take this type of home loan to buy a residential property
- Composite Loan – This type of home loan is availed to buy a residential plot to, later on, build a house
- Home Construction Loan – People take this type of housing loan to build a house
- Home Improvement Loan – This is yet another type of housing loan taken to repair and renovate an existing residential property
- Home Extension Loan – This type of home loan is taken when individuals need funds to add extra space to their existing residential property
- Step Up Loan – This type of home loan allows young individuals, who have just started earning to buy a house, to pay lower EMIs in the early years of their loan term. In the later years, as their income will increase, the EMIs will also increase
- Bridge Loan – This is a short-term home loan, which is availed when you want to buy a new house with the sale proceeds of the existing residential property
- Interest Saver Loan – In this type of housing loan, an amount deposited in the loan account, if more than the home loan EMI, is taken as a prepayment towards the loan. This reduces the principal amount and total interest payable
How to Apply for Home Loan in Kolkata
Steps to apply for a home loan online at Paisabazaar.com are:
- Click here to start with the home loan application process
- Input the required details about the loan amount required, the type of home loan required, etc.
- Input more information related to your home loan requirements and personal information such as the cost of the property, your full name, date of birth, etc.
- Accept the terms and conditions
- Click on the ‘View Best Offers’ button to proceed
Best home loan offers according to the applicant’s eligibility will appear.
- Compare and apply for the best home loan offer
After you have applied for the home loan, you will get a call from Paisabazaar’s home loan experts to take forward the process.