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    Kolkata Home Loan

    Kolkata, formerly known as Calcutta, is the capital city of West Bengal in India. This city is home to a number of people, over 45 lakh as of the 2011 census. This city, being widely considered as the cultural capital of India, has an influx of tourists too during festive seasons. The popularity of the city has attracted many people who have gone on to settle there. This has created a need for an increased pace of housing construction in the city.

    Since buying a house is normally quite a huge undertaking in terms of capital outlay, people generally will require monetary assistance for the same. This is taken care of by different banks and NBFCs all of which offer people a way to get loans to finance the purchase of a house.

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    We found 38 Kolkata Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.90% - 9.10% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
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    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
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    Perks
    Fees & Charges
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    8.80%- 9.20% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
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    Fees & Charges
    Good to Know
    8.95% - 9.15% Floating
    10000+GST One time fee
    -
    1-20 Years
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    Perks
    Fees & Charges
    Good to Know
    8.60% - 8.95% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
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    Perks
    Fees & Charges
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    8.75% - 11.0% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
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    Perks
    Fees & Charges
    Good to Know
    8.85% - 8.95% Floating
    0.50% PF (For Salaried) to 1%(min.3000)+Tax (for Self employed)
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
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    Fees & Charges
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    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
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    Perks
    Good to Know
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + applicable tax One time fee
    20L - 10Crs
    1-30 Years
    What you'll love
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    Perks
    Think about
    Good to Know
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
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    Perks
    Fees & Charges
    Good to Know
    9.25% - 11.20% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    Top Banks and NBFCs for Home Loan options in Kolkata

    In order to take out a loan to buy a house, a person can approach either a bank or an NBFC that will provide them with the required financial assistance. Here, some of the top banks and NBFCs that offer this facility in Kolkata are mentioned:

    Banks NBFCs
    PNBHFL Indiabulls
    Karnataka Bank Sundaram BNP Paribas Home Finance
    HDFC Limited Aditya Birla Capital
    Kotak Mahindra Bank  
    ICICI Bank  
    SBI Bank  
    Axis Bank  
    IDFC  
    DBS Home  

    Home Loan Eligibility

    For a loan application to be approved, there are certain conditions that need to be fulfilled. In order to get these approvals, the loan applicant needs to satisfy a given set of criteria. Some of these generic criteria are mentioned here:

    ? In general, the minimum age by which a person can apply for such a loan is 18 years of age and the maximum age limit permitted is usually around 70.

    ? Depending on the type of employment that a person has undertaken, their net annual income should be over a minimum of Rs.5 lakh. It does not matter whether the loan applicant is working with an organization or is self-employed.

    ? A good income level alone is not a criterion that will secure the loan, the applicant also needs to have a good credit rating from a credit bureau that is recognized.

    ? While a person can be a resident of a self-owned house or a rented one, they need to have completed one year of residence in the same place prior to applying for the home loan.

    One thing that the loan applicant has to keep in mind is the fact that they can only obtain a loan for about 70% to 80% of the total amount they need to purchase property. They will have to finance the rest themselves.

    Home Loan Documentation

    Since all loans require documentation for KYC processes before disbursement, it is necessary to provide the following:

    Type of documentation Purpose Permitted documents
    Identity proof This is to serve as a photo ID and for proof of address
    • A current passport
    • Valid driving licence
    • Aadhaar Card
    • Voter ID
    Income proof This is to serve as proof of income to indicate that there is a supply to repay the loan
    • Three months’ worth of salary slips and Income Tax Return or Form 16 for applicants working with a business or organisation
    • In case of self-employment of the applicant, Income Tax Returns for the previous 3 years and the income computation for those three years along with a balance sheet mentioning profit and loss, audited by a chartered accountant
    Loan application form To serve as a request for a loan application
    • The form should be duly filled and should contain a photograph and a signature
    Other documents To serve as additional proof for the institution granting the loan
    • A cheque for the processing fee amount
    • If there are loans being repaid presently, details of those should be provided using a bank statement
    • The loan applicant and co-applicant should provide photographs

    Types of Home Loans in Kolkata

    Home loans can be offered for a variety of purposes, not just for buying a house. Some of these reasons are stated below:

    Home Loan type/purpose Details
    Loan for new or pre-owned property This can be obtained by people who want to buy property. The property can be either brand new or pre-owned.
    Loan for construction of property This can be obtained by people who hold land and want to construct a building on it.
    Loan for property expansion This can be obtained by people who wish to increase the size of their land holdings.
    Loan for home improvement/renovation This can be obtained by people who wish to make structural or cosmetic changes to their property.
    Loan for NRIs This can be obtained by people who reside outside of India but are still Indian citizens.

    Instead of a home loan, a person can avail a home conversion loan. It is also possible to get a home loan balance transfer in order to get benefits with respect to interest rates on the loan. This option should be studied carefully before being chosen.

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    Kolkata Home Loan Reviews

    • SBI Home Loan
      "Excellent bank for a home loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in STATE BANK OF INDIA few months before, the loan amount was sufficient which was provided from bank for the duration of 30 years. It got sanctioned within 48 hours. The rate of interest is nominal as per the market rate and for the processing fee is waived off.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 18, 2019
    • HDFC Limited
      HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been taken my housing loan with HDFC LIMITED a while ago, the loan amount which they have given to me was sufficient, the rate of interest they have charged me was sufficient, the processing fee they have charged me which was minimal, still this loan is running, so far i did not face any issue.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 17, 2019
    • DHFL Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The home loan using from last 2 years. The documentation process was done without any issues and it was fast got the loan amount 15days. I got the loan amount in one shot. The loan amount was good and the rate of interest was 5% it is lesser than others. The duration is for repaying is for 20 years. There is option of pre closer.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 16, 2019
    • Central Bank of India Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Long bank i have taken Housing loan with Central bank as i have trust on this bank, i am the existing customer of this bank from past 20 years, so i took the loan with this bank, the loan amount which they have given to me was sufficient, the rate of interest they have charged me was fixed up to 8.5% which was competitive with other banks, i have taken this loan for 15 years tenure period, but i gave loan amount advance so by 10 years i will complete it, just more 8-9 months to complete this loan.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 16, 2019
    • IDBI Home Loan
      "Best loan experience"
      0.5 5.0/5 "Blown Away!"
      IDBI housing loan process is very easy, I submitted KYC, address proof, form 16, property documents. The bank taken only 15 days of time to sanction the amount after collecting the papers. I took Rs. 16.5 lakhs for the duration of 20 years, the interest rate is very lesser around 8.5% its better in the market.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 12, 2019
    • DHFL Home Loan
      "Very much Need to improvement customer service "
      0.5 2.0/5 "Expected more"
      I have selected through DHL home loan customer service is not good and response .I went to home branch no responsiveness they sanction loan amount 25 lakhs and tenure period 15 years ago and rate interest 9.98 floating rate is very high . Documents submitted through executive. Foreclosure charge applicable and one time process fee 2875 and hidden charge applicable . Partial amount only received .
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 09, 2019
    • SBI Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in SBI bank for the past 5 years ago, at the time loan amount was sufficient which was provided from bank for the duration of 20 years.The rate of interest is nominal and the customer service is excellent whenever contact them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 09, 2019
    • Bank of India Home Loan
      "Good Loan"
      0.5 5.0/5 "Blown Away!"
      Got my home loan from Bank of India. They have given me a quick turn around time they have issued the loan. The branch is nearby my home and the interest rate which they provided is very less compared to others hence i have chosen this bank. They have provided the loan within 10 days and they have not taken any processing fee but they have charged me only stamp duty charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 09, 2019
    • LIC Housing Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home Loan through LIC Housing Finance which i have directly applied ,The rate of interest and processing fee was floating it was nominal ,I have prathan mantri subsidy got through this loan .I have applied for 10lakhs for the tenure of 15 years.This loan is still on process and the loan amount got on time and not faced any issues so far .
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 02, 2019
    • Indiabulls Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My housing loan was taken with INDIA BULLS , the services was good and process was smooth , i receive the loan on time . The tenure period is sufficent and they charge fine rate of interest which is nominal in the market . They gave option of preclosere and processing fee is nominal
      Was this review helpful? 1
      , kolkata
      Reviewed on May 20, 2019
    • United Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The documentation process was simple and easy to get the home loan with the UNITED BANK OF INDIA. The loan amount was good and the rate of interest was 10% which was fixed and now changed into flexible rate of interest was applicable which is higher.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2019
    • DHFL Home Loan
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan with the DHFL and the rate of interest was higher with this loan also it is a floating where the rate of interest was increase higher within 6 months. The documentation process was not good and it took to get the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2019
    • Axis Bank Home Loan
      "BETTER"
      0.5 3.5/5 "Pretty good"
      I have applied for the home loan with the HOME LOAN with the AXIS BANK where th banking process was good get the loan the documentation process was simple and easy to get the loan. The rate of interest was nominal also the loan amount given was good.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 17, 2019
    • LIC Housing Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The overall experience with my Home loan from LIC Housing Finance has been pretty good where the process happened on the right time where there hasn't been any delay in any of the stages. The loan amount has been sufficient and the interest rate which they had been making is quite nominal. The customer support executive who assisted me also had been prompt.
      Was this review helpful? 3
      , kolkata
      Reviewed on May 12, 2019
    • SBI Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I took a home loan with State Bank of India because of lesser interest rate and they have increased the rate almost 0.60, it was 8.55 and becomes 9.15%. The customer service is okay and its not very outstanding. There was a processing fee which was according to the RBI rules. The loan process was good.
      Was this review helpful? 2
      , kolkata
      Reviewed on May 12, 2019
    • HDFC Limited Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had selected to go with HDFC LIMITED since my salary account was with them. The process in getting the loan has been lengthy and it took more than a month, the loan amount was fine and the interest rate was around 8.7%. The processing charges where nominal and there was no other charges made by them.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 06, 2019
    • SBI Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken a Home loan from STATE BANK OF INDIA on December 2017 and the process in getting the loan was quite simple and easy where it was disbursed within 10-15 days. But the interest rate was enhanced after six months of the payment which was around 8.9%. There has not been any other issues.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 06, 2019
    • Bank Bazaar Home Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      There were no hassles at Bankbazaar.com as they contacted me on time and informed me the details. The customer services and response is good and there are no issues. The website is also fine and it is easy to use and understand and place a request.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 02, 2019
    • Punjab National Bank Home Loan
      "High on charges"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan with PNB housing finance. The customer support is good and they are responsive. The processing charges was high and it was nearly 10K. The rate of interest is around 9%. The loan amount was disbursed on time and as needed.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 02, 2019
    • Bank Bazaar Home Loan
      "Best provider"
      0.5 4.0/5 "Great!"
      I am using Bank Bazaar services for last 2 years. I have visited the website for home loan, the process was very smooth and simple. It was known through online. I used the mobile application, there was no difficulties. Also its helped me to get the credit score.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 02, 2019
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