Home Loan in Kolkata: Overview
Kolkata is a prominent cultural and commercial hub in eastern India with significant infrastructural developments and ample employment opportunities. With a thriving real estate market, it is a great time to invest in a residential property in Kolkata.
If you are planning to buy a property in Kolkata, seeking a Home Loan can be an easy financing solution. 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. Through Home Loan Balance Transfer, you can not only benefit from a competitive interest rate, but you can also avail of a Top-up Loan of Rs.1 Crore* or more, basis eligibility.
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 housing requirements without going through a fresh loan application.
Flexible Repayment Tenor
Bajaj Housing Finance Home Loans come with a flexible tenor of up to 32 years, giving you the option to repay your loan comfortably.
Foreclosure and Part-Prepayment Facility
Individual borrowers 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:
- Mandatory documents such as PAN card or Form 60
- Proof of identity
- Proof of address
- Proof of income
- Property documents
- Recent passport size photograph
Note: Additional documents may be required at the time of loan processing.
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 be between 21 years and 75 years** of age
- Applicants should have a work experience of at least 3 years
Self-Employed Applicants
- Applicants should be Indian (residents)
- They should be between 25 years and 70 years** of age
- They must have a business with a vintage of a minimum of 5 years
**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.
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.
