Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
Try Adding the income of a co-applicant like a working spouse
Financebuddha can help you consolidate all your loans into one to increase your eligibility
The real estate market in Kolkata is growing rapidly and for this reason banks are offering special discounts and offers to those who are looking for own a house. Rather than investment, most of the people in Kolkata buy house for their own purpose. Some of the big projects, banks offering loan, interest rates and other details are mentioned below.
If you are looking to own a property in Kolkata through a home loan, then it’s time to explore Finance Buddha. This is a one-stop-solution for all loan requirements. Finance Buddha is liked and well accepted by customers as all facilities are offered for free of cost and there is solution for almost everyone’s loan requirements. Apart from that, they are very quick and responsive to all queries.
The below list will help you to get the details of basic eligibility for applying for a home loan. Unless the applicant meets these criteria, he/ she will not be eligible for a home loan.
✓ Minimum Age: 18 years as on the date of sanction
✓ Maximum Age: 70 years. i.e. the age by which the loan should be fully repaid, subject to availability of sufficient, regular and continuous source of income for servicing the loan repayment.
✓ Minimum Income: Should be ₹8000 per month.
Home Loans Interest Rates Comparison of Top Banks / NBFCs in Kolkata
|Banks/NBFC||Institution Type||Minimum Loan Amount||Maximum Loan Amount||Minimum Tenure||Maximum Tenure||Interest Rates||Fees & Charges|
|Axis Bank||BANK||₹3,00,000||₹500,00,000||1 Year||30 years||8% - 11%||Up to 1% (min of ₹10,000) + GST as applicable|
|Bajaj Finserv||NBFC||₹20,00,000||₹350,00,000||10 Years||20 years||Salaried: 8.85% - 10.30%||Up to 0.80% + GST as applicable|
|Self Employed: 9.25% - 11.15%||Up to 1.20% + GST as applicable|
|Citibank||BANK||₹2,10,000||₹10,00,00,000||1 Year||25 years||8.00% - 16.00%||₹10,000 + 0.20% of the Loan Amount + GST as applicable|
|DHFL||HFC||₹1,00,000||₹30,00,000||1 Year||30 years||10% - 19.07%||₹2,500 + GST as applicable|
|HDFC Bank||BANK||₹1,00,000||₹10,00,00,000||1 Year||20 years||8.80% - 9.55%||Up to 0.50% or ₹ 3,000 (whichever higher) + GST as applicable|
|ICICI Bank||BANK||₹5,00,000||₹3,00,00,000||1 Year||30 years||8.35% -9.10%||0.5% + GST as applicable|
|IDFC||BANK||₹10,00,000||₹10,00,00,000||1 Year||30 years||Salaried: 8.90% - 10.35%||₹10,000 to 0.20% of the Loan Amount + GST as applicable|
|Self Employed: 9.05% - 10.8%|
|Indiabulls||NBFC||₹15,00,000||₹30,00,00,000||1 Year||30 years||8.80%||₹10,000 to 1.00% + GST as applicable|
|IndusInd Bank||BANK||₹1,00,000||₹1,00,00,000||1 Year||30 years||8.00% - 16.00%||₹5,000 to 2% + GST as applicable|
|Kotak Mahindra Bank||BANK||₹5,00,000||₹10,00,00,000||5 years||20 years||8.90%||0 for online application; Offline application - Upto 1.25% + GST as applicable|
|LIC Housing||HFC||₹1,00,000||₹10,00,00,000||1 Year||30 years||9.15% - 10.10%||₹10,000 - ₹15,000 + GST as applicable|
|PNB Housing Finance Ltd.||HFC||₹50,000||₹75,00,000||1 Year||30 years||9.00% - 12.50%||1% + GST as applicable|
|Punjab National Bank||BANK||₹1,00,000||₹500,00,000||3 Months||30 years||8.70% - 9%||0.35% + GST as applicable (Min- ₹2,500/; Max- ₹15,000/)|
|Standard Chartered Bank||BANK||₹10,00,000||₹35,00,00,000||1 Year||25 years||9.31% - 9.85%||Up to 1% + GST as applicable|
|State Bank of India||BANK||₹5,00,000||₹200,00,000||5 years||30 years||9.10% - 9.45%||₹10,000 + 0.20% + GST as applicable|
|Tata Capital||NBFC||₹2,00,000||₹500,00,000||1 Year||30 years||8.8% - 11.25%||0.5% + GST as applicable|
|Reliance Home Finance Ltd.||HFC||₹1,00,000||₹10,00,00,000||1 Year||30 years||8.90%||Up to 2% + GST as applicable|
|Vastu Housing Finance Corporation Ltd.||HFC||₹500,000||₹50,00,000||1 Year||20 Years||12.5% - 15.5%||Up to 2% + GST as applicable|
Some of the common documents to be furnished at the time of home loan application are listed below.
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