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  • Kolkata Home Loan

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  • 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 39 Kolkata Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    8.40% - 8.50% Floating
    Up to 0.25% (Max. ₹25,000) + GST
    30L - 5Crs
    5-30 Years
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    Perks
    Fees & Charges
    Good to Know
    8.65% - 10.35% Floating
    0% - 0.50% + Applicable Taxes One time fee
    5L - 10Crs
    3-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.65%- 10.25% Floating
    0.50% to 2.00% One-Time Fee
    20L - 5Crs
    1-30 Years
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    8.40% - 8.85% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    8.99% Floating
    max. 1% on loan One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    8.55% - 9.25% Floating
    0.5% + GST
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
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    Fees & Charges
    Good To Know
    8.40% - 11.75%
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.45% - 8.95% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    What you'll love
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    Perks
    Good to Know
    9.00% - 12.50% Floating
    upto 1% on loan amount One time fee
    20L - 10Crs
    1-30 Years
    What you'll love
    Documents
    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
    7.30% - 7.55% Floating
    Up to 0.50% (max. ₹15,000) + GST One-time fee
    25L Min
    1-30 years
    What you'll love
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    Perks
    Fees & Charges
    Eligibility Criteria
    9.25% - 11.20% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
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    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 Home Finance Limited
    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

    • LIC Housing Home Loan
      "Very good home loan and need to improve the interest rate"
      0.5 5.0/5 "Blown Away!"
      My home loan was taken from LIC Housing because their processing time and charges are less but interest rate is little bit high when i compared to other Government banks. They have taken 1 week to sanctioned the loan. Documentation process is as usual like other banks. They have provided me a interest rate of 8.45%.
      Was this review helpful? 9
      , kolkata
      Reviewed on Mar 10, 2020
    • DCB Bank
      DCB Bank Home Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I have taken home loan directly through Development credit Bank.This loan is still active on my account .The rate of interest and the processing fee was very high that was the issue.I have submitted the required documents through the agent .I have taken this loan to buy plot.
      Was this review helpful? 1
      , kolkata
      Reviewed on Feb 09, 2020
    • ICICI Bank Home Loan
      "Service should improve "
      0.5 2.5/5 "Just OK"
      I have availed home loan directly through ICICI Bank .The rate of interest and the processing fee was very less.This loan is still active and i have not received the loan on time. It took almost 1-3 months very long process and i went to bank and given all documents. Customer service need to improve and it is not recommended .
      Was this review helpful? 3
      , kolkata
      Reviewed on Jan 21, 2020
    • HDFC Limited Home Loan
      "prompt app based sercice."
      0.5 3.0/5 "Satisfactory"
      theybhelped me transfer my loan. they r much focussed on small documents and delayed due to it but deliveredat last. got my emi reduced by 3000/- approx. the agent concerned was verybhelpful and collected all details from my home. it was actually home based home loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 18, 2020
    • LIC Housing Home Loan
      "fraudesters and corrupt to the core organisation."
      0.5 0.5/5 "Unacceptable"
      the office staff are very bad behaving with customers. LICHFL is very fraud, corrupt to the core and worst organisation. they even wanted money for the closure/balance transfer of loan. employee named piyali das posted at chowringhee sq branch was involved with the branch manager. they ensured the delay of my loan transfer on arious pretexts. i mailed to agm. no respinse. no body listens there to customers. the rae of interest never falls once youbtake loan. is advised to beware of their trap.
      Was this review helpful? 7
      , kolkata
      Reviewed on Jan 18, 2020
    • ICICI Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have availed home loan directly through ICICI Bank .The rate of interest and the processing fee was very less.This loan is still active and got the loan amount on time without any delay.I have just uploaded the documents throuhg online .I am really satisfied with the service.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 13, 2020
    • HDFC Limited Home Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      Chosen my home loan from HDFC because of the low rate of interest. I bought the loan amount of Rs. 30 lakhs and they took around 1 month to sanctioned this loan. They have provided me an interest rate of 8.9%. I have been paying the EMI amount of Rs. 28000 per month for the duration of 20 years.
      Was this review helpful? 3
      , kolkata
      Reviewed on Dec 24, 2019
    • BAJAJ HOUSING FINANCE LIMITED HOME LOAN Home Loan
      "Misleading & dangerous"
      0.5 0.5/5 "Unacceptable"
      Bajaj Housing Finance tries all tricks to loot me - 1. Just before disbursement day, they hiked the Processing fee and increased the interest rate 2. After EMI stated, they suddenly hiked the EMI for one month by 20,000 due to a system issue at their end. 3. They arbitrarily deduct charges from your bank account in small amounts without telling and authorizations and randomly through a month. 4. Customer service and its Head are completely nonchalant and they fake ignorance. 5. It takes 5-6 months to resolve one issue. By that time, they will create another issue and you spend the next 5 months chasing them for its resolution. Beware the NBFCs for housing finance. Its always better to go to the leading banks.
      Was this review helpful? 7
      , kolkata
      Reviewed on Nov 23, 2019
    • SBI Home Loan
      "Very easy to get loan"
      0.5 5.0/5 "Blown Away!"
      Taken my home loan from State bank of India. In the year of 2016, they have sanctioned the loan within 15 days to 20 days. Loan amount is near about Rs. 34 lakhs and the interest rate is 8.2%. My salary account is lying with SBI therefore i got the loan from SBI. I have been paying the EMI amount of Rs. 35000 every month and i have selected the tenure period of 18 years.
      Was this review helpful? 3
      , kolkata
      Reviewed on Sep 12, 2019
    • IndusInd Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have applied for one more credit card with HDFC BANK so have told Indusind Bank to cancel the card because I was comfortable with the benefits of HDFC card. There is no clarity on the documentation part. They did not disclose the interest rate.
      Was this review helpful? 1
      , kolkata
      Reviewed on Sep 09, 2019
    • Indiabulls Home Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have a home loan with Indiabulls because this is the only option I got it and my company pays me the salary through cash. The services are very good. The interest rate is floating and so far its good. Sometimes I pay less and sometimes pay more, its equitable. They charged me a processing fee closed to 7K for loan amount of 17L in 2 parts.
      Was this review helpful? 2
      , kolkata
      Reviewed on Aug 31, 2019
    • Indiabulls Home Loan
      "Quite helpful executives"
      0.5 4.0/5 "Great!"
      I haven't touch with the India bulls customer care service. Taken my home loan from Home loan because the sales executive offered me this loan. I got the loan amount of Rs. 17 lakhs and i'm paying the EMI amount of Rs. 12000 every month. I have chosen the tenure period of 25 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 26, 2019
    • ICICI Bank Home Loan
      "Good for home loan "
      0.5 5.0/5 "Blown Away!"
      The rate of interest is low at the time of taking a loan when i compared to other bank and also they have a fore-closure options hence i have taken my home loan from ICICI bank. It was a 5 years loan and i have paid the entire amount in 2 years. The loan amount was Rs. 15 lakhs and they have provided me a loan within 20 days.
      Was this review helpful? 1
      , kolkata
      Reviewed on Aug 16, 2019
    • Bajaj Finserv Home Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I availed home loan from Bajaj Finserv, right now they gave 8.45% of interest per annum. I took the loan amount of Rs. 35 lakhs its has the duration for 22 years. Earlier I had charges from SBI then I moved to Bajaj Finserv because of the huge interest.
      Was this review helpful? 7
      , kolkata
      Reviewed on Aug 16, 2019
    • Punjab National Bank Home Loan
      "Need to decrease charges"
      0.5 1.0/5 "Really Bad"
      I have taken a home loan in PUNJAB NATIONAL BANK on 2 years before which was processed directly to bank. The loan amount was sufficient which was given from bank for the tenure of 19 years. The rate of interest is 9.7 which is high. The processing fee also high for this loan. The customer service is no proper response.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jul 26, 2019
    • Union Bank of India Home Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan with United Bank of India. The customer services are good. I got a good response as well. The rate of interest and processing charges are normal. In all it has been a good experience and the after loan services are also hassle free.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jul 24, 2019
    • SBI Home Loan
      "Very good loan"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan from State bank of India. They are sending the mail regarding the offers. The interest rate is less and i get a quick response hence i have chosen them. Took the loan amount of Rs. 7 lakhs for that they have offered me a interest rate of 9.72%. I am paying the EMI amount of Rs. 6000 for the tenure period of 18 years.
      Was this review helpful? 5
      , kolkata
      Reviewed on Jul 23, 2019
    • HDFC Limited Home Loan
      "Not Satisfied with the Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for HDFC LTD Home Loan through Online .I have not got any information about the loan process through the agent ,I have not got any information about the rate of interest and the processing fee .I have not taken this loan since there was no proper response and not satisfied with the service .
      Was this review helpful? 3
      , kolkata
      Reviewed on Jul 16, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have applied a home loan from HDFC Ltd. Application under process. I have submitted all the documents. Rate of interest is really high. My required loan amount is only 5 lakh. They are charging processing fee of Rs. 4500. HDFC Bank customer service is great.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 09, 2019
    • HDFC Limited Home Loan
      "Need to decrease charges and processing fee"
      0.5 3.0/5 "Satisfactory"
      I was applied for a home loan in HDFC limited on a previous month. The loan amount which was offered from bank was low for the tenure of 20 years. The rate of interest and processing fee are high. The verification process was delay. Due to rate of interest was high I have closed the loan process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 08, 2019
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