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Home loan in Kolkata

Home loan in Kolkata

Last Updated : Jan. 19, 2017, 1:23 p.m.

About Home Loan in Kolkata

Kolkata is the city of joy and the capital of West Bengal. It is situated on the banks of Ganga and has the rich culture of music, literature, and history. It has one of the busy port and is also the home of major sectors including mining, minerals, steel, heavy engineering, jute, textile etc.The metropolitan city with an international airport is one of the main attraction of eastern India. Thus, the number of banks have opened the branches in the city to cater the demand of finance of people. Some of the best banks offer low-interest rates on a home loan and instant approval facility to help people live their dream. So, have a look at the table below and choose the best bank for home loan in Kolkata.

Best Banks for Home Loans in Kolkata with Branch Addresses

Banks NameMain Branch AddressHome Loan Rate Of Interest
SBIPankhoo, Tehsil: Didihat Pithoragarh, kolkata9.15% - 11.30%
HDFC LtdCooke & Kelvey Building, 1st Floor,, 20 Old Court House Street, Kolkata, West Bengal 7000018.50% - 9.40%
ICICI Bank22, R N Mukherjee Road, Kolkata, 7000019.00% - 10.05%
Axis Bank126A, Bidhan Sarani Shyam bazar, 7000048.75% - 9.15%
PNB HFL5th Floor South Block, Premises No. 7 KYD Street, Kolkata, West Bengal 7000168.50% - 11.95%
Indiabulls HFL11, Ground Floor, Constantia Complex, Dr. U. N. Brahmachari Street, Kolkata - 7000179.30% Onwards
Bank of BarodaAlipore Branch, 38/1/E, Gopal Nagar Road, Kolkata, 7000278.50% - 10.60%
DHFLDuck Back House, 1st Floor, 41 Shakespear Sarani, Kolkata, West Bengal 7000179.05% - 9.95%
LIC HFLLIC Housing Finance Limited, 1st Floor, 43b, Block 'c', New Alipur,
(also Known As 59, Bankim Mukherjee Sarani), opposite Tara Tala Petrol Pump,
Kolkata - 700053
West Bengal
8.50% - 10.75%
IDBI BankSiddha point, Ground Floor, 101, Park Street, Kolkata8.80% - 12.25%

Home Loan Eligibility in Kolkata

ParticularsSalaried Individuals Self-Employed IndividualPartnership FirmPrivate/Public Ltd. Company(in existence for at least 3 years)
AgeThe applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loanAny proprietor, partner, professional or director above 21 years but below 65 years at the time of the loan maturity.
Income Gross annual income of at least ₹ 1,80,000 per annumGross annual income of at least ₹1,80,000lakhsFirm should have a minimum PAT (profit after tax) of ₹3 lakhsMinimum PAT (profit after tax) of ₹3 lakhs
Job StabilityThe total employment stability should be more than 2 years and current employment stability of minimum 1 yearBusiness stability should be more than 3 years

Documents Required

  • Proof of Identity– PAN Card/Driving license/ Voter ID/Passport/Aadhar Card.
  • Proof of address– Passport/Utility bill/Aadhar card
  • Proof of Income- Latest salary slip/ ITR/Form-16
  • Bank Statement- Last 3 months bank statement/ last 6 months bank passbook.
  • Property Documents- Agreement sale copy, Certificate of possession, Land tax receipt, the Detailed cost of construction, Letter of allotment, Original NOC.

Home Loan in Kolkata Details

Interest Rate6.70% - 14.00%
Processing Fee0% to 1.25 % of the loan amount
Tenure/ Repayment1-30 years

About Home Loan

The home loan is a product which grants you the required finance to get a home for yourselves. The tenure of availing the loan is long which allows you the easy repayment options. The maximum tenure of repayment is 30 years. It is better to pay the EMI and live in your own house rather than giving rent. It is one of the cheapest loan product as the interest rate charged is lower than other loan product. To avail the home loan you should fulfill the eligibility criteria and should have all the required documents readied with you.

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