Home Loan in Kolkata: Overview

Eastern India’s economic hub, Kolkata, is one of the most populous cities in the country. The city boasts of a thriving economy that has predominantly gained pace over the last couple of decades after a steep decline in the previous years.

Growing employment opportunities and a rich heritage have made Kolkata a pleasant destination for many to settle down. This, coupled with the city’s own sizeable population, have bolstered its real estate sector.

If you’re looking to buy a property instead of renting, a home loan in Kolkata 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. Read on to know more about our 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.

  • Top-up loan

    Bajaj Housing Finance Limited provides top up loan above the existing home loan amount on refinancing. This helps to account for any personal or business financing requirements without going through the hassle of additional documentation. 

  • 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 lower interest rate, but you also get access to a sizeable top-up loan, should you request for it. Moreover, you’re assured of better borrowing terms overall.

  • Flexible Repayment Tenor

    Bajaj Housing Finance home loans come with a flexible tenor of up to 360 months, giving you the option to pick a loan amount and tenor your choice so as to repay comfortably.

  • Foreclosure and Part Prepayment Facility

    Besides these, the home loan interest rate and additional charges levied by Bajaj Housing Finance Limited is quite nominal 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 before the agreed to tenor.

Documents Required for Home Loan in Kolkata

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

In addition, applicants need to submit a different set of documents as per their employment. Please refer to the table below for a detailed list.

Self-Employed Applicants Salaried Applicants
Proof of Business

  • . PAN

  • . import export code

  • . partnership deed

  • . Trade license

  • . SEBI registration certificate

  • . ROC registration certificate

  • . GST registration certificate

  • . Memorandum of association/Articles of Association
Income Proof

  • . Form 16

  • . Salary slips
Financial Statement

  • . Latest bank statement

  • . Balance sheet audited by a CA

  • . Profit and loss account statement audited by a CA
Latest bank account statements

Housing Loan Eligibility in Kolkata

To qualify for a housing loan, meet a few simple eligibility criteria. The common criteria for salaried and self-employed applicants are –

Salaried applicants

  • Applicants should be resident Indians
  • They should be between the ages of 23 years and 62 years
  • Applicants must have a work experience of at least 3 years
  • Applicants should be resident Indians
  • They should be between the ages of 25 years and 70 years
  • Applicants must be engaged in a business with a minimum vintage of 5 years

Self-employed applicants

  • Applicants have to be residing Indian.
  • 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.

Note that you may need to meet additional criteria to qualify for a housing loan in Kolkata.

How to Apply for a Housing Loan in Kolkata?

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,

Step 1: Go to our application form

Step 2: Fill in your loan and employment types, followed by your personal, income/business, and property details

Step 3: Click on submit
Our representative will call and guide you on the next steps.