Home Loan Rates EMI 2017 254 views
Table of Contents
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. Three of the banks namely UCO Bank, Allahabad Bank, and the United Bank Of India have the headquarter in the city.
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.
Home Loan in a nutshell
8.35% - 13.95%
|Processing Fee||0% to 1.25 % of the loan amount|
|Prepayment/ part payment charges||Nil|
|Tenure/ Repayment||1-30 years|
|Lowest EMI||₹758- 1180 (per lakh)|
Eligibility criteria required to get home loan in Kolkata
|Particulars||Salaried Individuals||Self-Employed Individual||Partnership Firm||Private/Public Ltd. Company(in existence for at least 3 years)|
|Age||The applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loan||Any 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 annum||Gross annual income of at least ₹1,80,000lakhs||Firm should have a minimum PAT (profit after tax) of ₹3 lakhs||Minimum PAT (profit after tax) of ₹3 lakhs|
|Job Stability||The total employment stability should be more than 2 years and current employment stability of minimum 1 year||Business stability should be more than 3 years|
- 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.
Top Banks Home Loan Interest Rate and Address
|Banks Name||Main Branch Address||Rate Of Interest|
|State Bank Of India||Pankhoo, Tehsil: Didihat Pithoragarh, kolkata||8.35% - 8.80%|
|HDFC Bank||Stephen house, , 4 b.b.d. bag - east, Kolkata - 700001||8.35% - 8.55%|
|ICICI Bank||22, R N Mukherjee Road, Kolkata, 700001||8.35% - 8.85%|
|Axis Bank||126A, Bidhan Sarani Shyam bazar, 700004||
8.35% - 8.75%
|Punjab National Bank||1/1A & 1/1B, Tollygunge, Circular Road, Kolkata, 700033||8.50% - 8.70%|
|Bank of India||Kolkata Main, 23A - B, Netaji Subhas Road, Kolkata, 700001||8.55% - 8.60%|
|Bank of Baroda||Alipore Branch, 38/1/E, Gopal Nagar Road, Kolkata, 700027||8.35% - 8.85%|
|Central Bank Of India||157 A, Rash Behari Avenue, Ballygunge, Kolkata||
|Bank of Maharashtra||60C, Chowringhee Road, Kolkata- 700029||
8.70% - 10.25%
|IDBI Bank||Siddha point, Ground Floor, 101, Park Street, Kolkata||8.30% - 11.30%|