Home Loans in Kozhikode

Compare Home Loan Interest Rates Offered by Various Banks & HFCs in Kozhikode

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 Loans offered in Kozhikode

• The home loan interest rates offered by most lenders in Kozhikode start from 7.35% p.a. onwards for new housing loan borrowers.
• The maximum home loan tenure offered by most lenders can go up to 30 years.
• The RBI’s guidelines on loan to value (LTV) ratio for home loans state that home loan lenders can provide LTV ratios of up to 90% of the property value. Banks, HFCs and NBFCs decide the home loan LTV ratio based on the loan amount sanctioned for their applicants:

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 lenders in Kozhikode usually provide facilities like home loan balance transfer (wherein home loan customers can transfer their home loan to other banks, HFCs or NBFCs at lower rates of interest) and home loan top-up (for their existing customers who can access the additional funds available from the top-up loan, over and above their existing home loan, to manage their personal and/or business related expenses) on their housing loan schemes.
• Lenders offering home loans in Kozhikode also sanction pre-approved home loans to select existing borrowers based on factors like their income, credit scores and other aspects of their credit profile.
• The RBI has formulated home loan prepayment rules for all banks, HFCs and NBFCs. According to these guidelines, home loan lenders cannot levy any prepayment charges on loans availed at floating interest rates. However, banks, NBFCs and HFCs offering fixed interest rate home loans can charge home loan prepayment fees. They also have the discretion to waive off the prepayment fees, either fully or partially, for their home loan borrowers.

Minimum Income Requirements for Availing Home Loans in Kozhikode

Home loan lenders in Kozhikode can approve loan applications of salaried individuals with at least Rs 10,000 as monthly income and self-employed applicants with minimum annual incomes of Rs 1 lakh.

Eligibility Criteria of Home Loans in Kozhikode

The eligibility criteria for home loans usually set by banks, HFCs and NBFCs for offering home loans in Kozhikode are mentioned below:

Job Profile

Home loan lenders in Kozhikode offer housing loans to both salaried and self-employed loan applicants.

Age

Banks, NBFCs and HFCs offering home loans in Kozhikode usually approve loan applications of individuals aged 18 years and above. However, they also require their existing borrowers to clear the loan amount dues by the time they are 70 years old.

Nationality

Lenders offering home loans in Kozhikode approve loan applications of resident Indians. Some lenders also offer NRI Home Loans to NRI, PIO and OCI loan applicants.

Credit Score

Home loan lenders in Kozhikode usually consider loan applicants having minimum credit scores of 750 and above as financially disciplined and hence, such applicants have higher chances of getting home loan approval. Prospective home loan borrowers having higher credit scores are also more likely to qualify for lower home loan interest rates.

Work Experience

Lenders offering home loans in Kozhikode usually approve loan applications of individuals with at least 2 years of work experience or business continuity.

Documents Required for Home Loans in Kozhikode

Although lenders offering home loans in Kozhikode require their loan applicants to submit multiple home loan documents, some of the most important documents required for availing home loans are mentioned below:

For salaried applicants

• Proof of identity/age: Voter ID, Driving Licence, PAN card, Aadhaar Card, bank passbook, birth certificate, etc.
• Income proof: Income tax returns, letter of promotion, last 3 month salary slips, increment letter, employment contract, Form 16, etc.
• Residence proof: Ration Card, bank passbook, utility bills (electricity, telephone, gas), Voter ID, LIC policy receipt, etc.
• Loan applicants’ bank statements reflecting repayment of existing loans, if any
• Own contribution proof
• Property related documents
• Cheque for home loan processing fees

Additional documents required by self-employed applicants availing home loans

• Income tax returns of last 3 years
• P&L account statements & balance sheet of last 3 years, duly attested by a Chartered Accountant (CA)
• Business address proof
• Loan applicant’s savings account statement of last 6 months
• Past 6 months current account statement of loan applicant’s business entity
• Updated 26AS form
• Business profile of home loan applicants
• Business licence details of their home loan applicants

Note: Any bank, HFC or NBFC offering a home loan in Kozhikode may ask their loan applicants to submit additional home loan documents, apart from the ones mentioned above, depending on their requirements.