Home Loan in Kolkata: Overview
Considered one of India’s central economic hubs, Kolkata is one of the most populated cities in the country. The city boasts of a thriving economy that has predominantly gained pace over the last couple of decades, and the demand for Home Loans in Kolkata have also been up.
The growing employment opportunities and its rich heritage have made Kolkata a pleasant destination for many to settle in. This coupled with the city’s sizeable population has bolstered its real estate sector.
If you are looking to buy a property instead of renting, seeking a Home Loan is your best bet. Not only do you get access to the funds needed, you also enjoy Home Loan tax benefits. With Bajaj Housing Finance, you can avail of a sizeable loan amount at a competitive rate of interest with a range of other features.
Home Loan in Kolkata: Features and Benefits
Simple Eligibility and Documentation
Bajaj Housing Finance has simple eligibility criteria to ensure easy accessibility. Moreover, we request minimal documentation to make the process quick and hassle-free.
Home Loan Balance Transfer
Those with an existing Home Loan can enjoy our features and benefits by transferring their Home Loan balance to us. Why switch? Not only can you reduce your interest outgo significantly with our competitive interest rate, but you also get access to a sizeable Top-Up Loan, should you request for it.
Top-Up Loan
Bajaj Housing Finance provides Top-up Loans above the existing Home Loan amount as an attractive refinancing option. This helps account for any personal or business financing requirements without going through a fresh loan application.
Flexible Repayment Tenor
Bajaj Housing Finance Home Loans come with a flexible tenor of up to 30 years, giving you the option to pick a tenor of your choice so you repay comfortably.
Foreclosure and Part-Prepayment Facility
Besides these, the Home Loan interest rate and additional charges levied by Bajaj Housing Finance are quite reasonable and transparent. Individuals who avail of a floating Home Loan interest rate face no additional charges if they choose to repay the entire or a part of their Home Loan amount before the agreed tenor.
Home Loan in Kolkata: Documents Required
Both salaried and self-employed applicants need to submit the below documents to initiate the verification process.
- Proof of identity
- Proof of address
- Property documents
- Passport size photograph
Housing Loan in Kolkata: Eligibility Parameters
To qualify for a Home Loan, meet a few simple eligibility criteria. The common criteria for salaried and self-employed applicants are as follows:
Salaried Applicants
- Applicants should be Indian citizens (including NRIs).
- They should belong to the age** group of 23 years and 62 years
- Applicants should have a work experience of at least 3 years
Self-Employed Applicants
- Applicants should be Indian (residents).
- They should belong to the age** group of 25 years and 70 years.
- They must have a business with a vintage of a minimum of 5 years
** The maximum age is considered as age at the time of loan maturity.
Housing Loan in Kolkata: How to Apply
To apply for a Home Loan with Bajaj Housing Finance, you can either visit any of our branches or apply through our website. To apply online, follow the prescribed steps:
- Visit our application form
- Select your loan and employment type, followed by your personal, income/business, and property details
- Click on submit
After you finish filling out the form, you can expect a call from us to guide you through the next steps.
*Terms and conditions apply.
