Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Kolkata
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
| SBI | 8.05% - 9.05% | 8.05% - 8.95% | 8.05% - 8.95% |
| HDFC | 8.10% - 9.50% | 8.35% - 9.75% | 8.45% - 9.85% |
| LIC Housing Finance | 8.00% - 9.50% | 8.00% - 9.70% | 8.00% - 9.90% |
| ICICI Bank | 8.10% - 9.00% | 8.10% - 9.00% | 8.10% - 9.10% |
| Kotak Mahindra Bank | 7.99% onwards | 7.99% onwards | 7.99% onwards |
| PNB Housing Finance | 7.99% - 12.50% | 7.99% - 12.50% | 8.10% - 11.20% |
| Punjab National Bank | 7.95% - 9.35% | 7.90% - 9.05% | 7.90% - 9.00% |
| Bank of Baroda | 7.95% - 9.45% | 7.95% - 9.45% | 7.95% - 9.70% |
| Union Bank of India | 7.90% - 9.65% | 7.90% - 9.85% | 7.90% - 9.85% |
| IDFC First Bank | 7.95% onwards | 7.95% onwards | 7.95% onwards |
| L&T Housing Finance | 7.70% - 8.70% | 7.70% - 8.70% | 7.70% - 8.70% |
| Bajaj Housing Finance | 7.70% onwards | 7.70% onwards | 7.70% onwards |
| Godrej Housing Finance | 7.99% - 10.99% | 7.99% - 10.99% | 7.99% - 10.99% |
| Tata Capital | 8.10% onwards | 8.10% onwards | 8.10% onwards |
| Federal Bank | 9.05% - 9.10% | 7.77% - 9.15% | 7.77% - 9.20% |
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Home Loan Features
- Interest rates start usually @ 7.50% p.a. onwards
- Tenures are flexible mostly up to 30 years
- Loan amount is up to 90% of property cost
- Pradhan Mantri Awas Yojna, a special home loan scheme for EWS, LIG, MIG-I and MIG-II with credit linked interest subsidy of up to Rs 2.76 lakh
- Pre-payment charges: NIL
- Pre-approved instant home loans offered to select customers
- Top-up home loans offered to existing home loan borrowers for fulfilling their personal financial requirements
- Home loan balance transfer facility to existing home loan borrowers of other banks/HFCs at lower interest rates
- Home loan overdraft facility to save interest costs and for higher liquidity
Income Requirements: Minimum monthly income required is Rs 15,000 for salaried applicants. However, it can be higher for some banks/HFCs
Eligibility Criteria of Home Loans in Kolkata
- The home loan applicant should be an NRI, Indian Resident or PIO
- Minimum Age of the applicant should be 21 years; maximum age should be up to 70 years (at the time of loan maturity)
- Job Profile: Salaried (government and corporate employees)/Self-Employed Professional (Doctors, CS, architect, lawyers, CA, consultant, engineer)/Self-Employed Non-Professional (contractor, trader, commission agent)
- Salaried and self-employed applicants should have a minimum work experience of 3 years
- CIBIL/Credit score should be 750 and above for increased chances of availing home loan and at lower interest rates
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Documents Required for Home Loans in Kolkata
For Salaried Applicants
- KYC documents: PAN card, passport, voter ID, Aadhaar card, driving license
- Income Proof: Salary slips for last 3 months, Bank statement for past 6 months with salary credits, ITR/Form-16
- Employment contract
- Bank statement showing repayment history
- Property documents
- Own contribution proof
- Processing fee cheque
Additional Documents for Self-Employed Applicants
- Income Proof: ITR with income computation for past 3 years
- Memorandum and Articles of Association of the company
- Latest Form 26AS
- Balance sheet and profit & loss account statement for last 3 years
- Business profile
- Savings account statement of individual for last 6 months and current account statement of business entity
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