Home Loans in Kolkata

The joyful city of West Bengal, Kolkata, is one of the safest cities in India, so why won't anyone prefer buying a home here? Aspiring home buyers can easily apply for a home loan in Kolkata and make their dreams come true with the help of several established financial institutions. Home loan Kolkata rate of interest starts at 8.50% per annum. To repay the loan amount, an applicant can get a maximum of 30 years from the top lending banks and housing finance Kolkata companies. Applicants may need to pay a processing fee for a home loan ranging between 0.25% - 0.50% on the loan amount for each such application. 

Home Loan EMI Calculator

Avoid confusion get it right with BASIC

1 Lac10 cr

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

Apply for Home Loans in Kolkata at Lowest Interest Rates
Apply Now

Home Loan Interest Rates in Kolkata

The best home loan rates Kolkata start at 8.50% per annum. However, remember that home loan rates in Kolkata may vary for different banks and NBFCs and might fluctuate as per the RBI's current repo rate. Some banks also offer concessional interest rates on housing loan schemes for women borrowers. 

BASIC Bank/NBFC Partner Name Max Tenure (in years) Rate of Interest Processing Fees (INR) Contact
bank LIC HFC 30 8.50% Up to 0.25% (Rs. 25,000 max) Enquire
bank Tata Capital Ltd. 30 8.95% - 12.00% Up to 0.25% (Rs. 3,540 max) Enquire
bank HDFC Bank 30 8.65% - 9.85% Up to 0.25% (Rs. 3,540 min) Enquire
bank ICICI Bank 30 8.75% onwards 0.50% - 2.00% of the loan amount Enquire
bank PNB Housing 30 8.75% - 11.45% Up to 0.50% (Rs. 10,000 max) Enquire
bank Karur Vysya Bank 30 9.23% onwards Rs. 2,500 - Rs. 7,500 Enquire
bank Indian Overseas Bank 30 9.35% Up to 0.50% of the loan amount Enquire
bank Cholamandalam Housing Finance 30 9.00% - 20% Rs. 5,000 + GST Enquire
bank Aavas Financiers Ltd 25 13.00% - 17.00% Min 1.00% Enquire
Apply for Home Loans in Kolkata at Lowest Interest Rates
Apply Now

Eligibility Criteria for Home Loans in Kolkata

When applying for a housing loan scheme in Kolkata, all lenders have a predetermined set of eligibility criteria. These are not hard-to-follow eligibility conditions but simple requirements like age limit, nationality, minimum income, and a decent credit score. 

The table below will give you a clear idea about the standard criteria for home loan eligibility in Kolkata:

Eligibility Parameters Salaried Individuals Self-Employed Individuals
Citizenship Indian Indian
Professional Experience 2-3 years 2-3 years

Min: 21 years
Max: 65 years 

Min: 21 years
Max: 65 years 

Monthly Income

Minimum Rs. 15,000 per month

Minimum Rs. 15,000 per month

CIBIL Score 750+ 750+

Note: Applicants are encouraged to declare any additional sources of income besides those mentioned in the table above to boost their chances of getting a home loan approval.

  • Home loans in Kolkata are available to applicants who are Indian residents, Non-Resident Indians (NRIs), or Person of Indian Origin (PIOs)
  • The eligible age limit to apply for home loans in Kolkata is 21 to 65 years
  • The minimum work experience required for salaried or self-employed applicants to apply for a home loan in Kolkata is 2 to 3 years in the current job or business
  • Top banks and NBFCs in Kolkata expect a credit score of 750 or more from applicants seeking housing loans

Note:These criteria are subject to variation from one bank to another. It is recommended that you check with the specific bank you are applying to for a home loan for its eligibility requirements.

Apply for Home Loans in Kolkata at Lowest Interest Rates
Apply Now

Recent Post


Get a Free Consultation from BASIC Home Loan


Tell us about your requirements

Documents Requirement for Home Loans in Kolkata

Be ready with the required set of documents for home loan in Kolkata, and your application may get rejected. For your convenience, we are now putting together a list of essential KYC documents required from salaried and self-employed individuals who apply for housing loans in Kolkata:

1. For Salaried Loan Applicants

  • Common identity proofs like Voter ID Card, Aadhaar Card, PAN card, Driving License and Passport
  • 3 months Salary slips 
  • Latest Form 16
  • Last year's IT return
  • 3 months bank statements 
  • Appointment letter
  • A processing fee cheque for the loan application
  • Property documents such as sale deed, NOC from the builder or housing society, advance payment receipt to the builder, and approved construction plan

2. For Self-Employed Loan Applicants

  • Common identity proofs like Aadhaar Card, PAN card, Voter ID Card, Driving License and Passport
  • Business profile and license of the company 
  • Latest Form 26AS
  • Savings account statement of previous 6 months 
  • 3 years ITR
  • 3 years Profit & Loss account statements and Balance Sheets attested by a CA
Type of Document Required Examples of Documents that can be Submitted
Proof Of Residency Aadhaar Card, Valid Passport
Proof Of Income Bank Passbook, Bank statement, Last 3 years IT Return
Proof Of Age PAN Card, Voter ID, Birth Certificate, Registration Certificate Of Establishment
Proof Of Employment Certified Letter from Employee/Company Memorandum 
reach reach reach reach

Get Home Loan Starting at 8.5%*

Home Loan Options Available in Kolkata

A good home loan company in Kolkata will offer you a wide range of home loan schemes. Ranging from a home loan for construction, renovation, extension to a home or plot purchase, all kinds of home loan schemes are listed in their offerings for eligible borrowers. Spare some time to understand the common types of housing loan schemes offered by the best banks and NBFCs in Kolkata:

Type of Document Required The Object of the Loan
Plot Purchase Loan Suitable for buying a land or plot to build a home
Home Purchase Loan Suitable for buying a residential property
Home Improvement Loan Suitable for improving an existing house by services like carpentry, painting, wiring, and other similar activities
Home Construction Loan Suitable for constructing a home on an already bought plot
Home Extension Loan Suitable for adding an extra floor, room, or balcony in an already existing home
Top-Up Loan Suitable for borrower who want funds to handle their sudden personal and professional financial requirement
Balance Transfer Home Loan Suitable for transferring the outstanding loan amount to a new lender at a lower rate of interest

Note:The options tabulated above are the most popular loan options availed of by most customers. Please check with your specific bank for other home loan options that they offer.

Best Bank and NBFCs for Home Loans in Kolkata

Multiple banks and non-banking financial companies offer interested borrowers home loans at lucrative interest rates. The choice is so wide that you might get confused picking the best lender, so we thought of shortlisting the best 5 banks and housing finance companies in Kolkata (partnered with BASIC Home Loan) for a home loan in Kolkata:

Top Banks for Home Loans in Kolkata (BASIC Partner) Top NBFCs for Home Loans in Kolkata (BASIC Partner)
Indian Overseas Bank LIC HFC
HDFC Bank Aditya Birla Capital
Karur Vysya Bank Cholamandalam HFC
ICICI Bank PNB Housing
Axis Bank Tata Capital Ltd.


To get a home loan in Kolkata, you must first shortlist a lender and then apply by filling out the home loan application. Submit the form with a processing fee cheque and the required list of documents. Alternatively, you may contact the BASIChomeloan team to get help in applying for a home loan in Kolkata without any hassles.

As the name suggests, fixed interest rates are the ones with no fluctuation in the home loan interest rates. On the other hand, floating interest rates are prone to fluctuation per the current market scenario.

Down payment on a housing loan means a fixed percentage of the home's total cost price and the house's remaining cost price is usually financed via a home loan or mortgage. The down payment for a housing loan in Kolkata is 20% of the property value. 

Yes, home loan borrowers in Kolkata can avail tax benefits under Section 80C of the Income Tax Act, wherein a borrower gets a deduction of up to Rs. 1.5 lakh on the principal amount. 

The standard time taken for processing a home loan application in Kolkata is 10 days, provided the applicant submits all the required documents asked by the lender.