Home loan Kolkata

Home Loan Rates EMI 2017 254 views

About 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. 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 

ParticularsDetails
Interest Rate

8.35% - 13.95%

Processing Fee0% to 1.25 % of the loan amount
Prepayment/ part payment chargesNil
Tenure/ Repayment1-30 years
Lowest EMI₹758- 1180 (per lakh)

Eligibility criteria required to get home loan 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.

Top Banks Home Loan Interest Rate and Address

Banks NameMain Branch AddressRate Of Interest
State Bank Of IndiaPankhoo, Tehsil: Didihat Pithoragarh, kolkata8.35% - 8.80%
HDFC BankStephen house, , 4 b.b.d. bag - east, Kolkata - 7000018.35% - 8.55%
ICICI Bank22, R N Mukherjee Road, Kolkata, 7000018.35% - 8.85%
Axis Bank126A, Bidhan Sarani Shyam bazar, 700004

8.35% - 8.75%

Punjab National Bank1/1A & 1/1B, Tollygunge, Circular Road, Kolkata, 7000338.50% - 8.70%
Bank of IndiaKolkata Main, 23A - B, Netaji Subhas Road, Kolkata, 7000018.55% - 8.60%
Bank of BarodaAlipore Branch, 38/1/E, Gopal Nagar Road, Kolkata, 7000278.35% - 8.85%
Central Bank Of India157 A, Rash Behari Avenue, Ballygunge, Kolkata

8.40%

Bank of Maharashtra60C, Chowringhee Road, Kolkata- 700029

8.70% - 10.25%

IDBI BankSiddha point, Ground Floor, 101, Park Street, Kolkata8.30% - 11.30%

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