I decided to purchase a house in Kolkata, West Bengal, after moving to this delightful city. However, before doing so, I checked about what is the lowest home loan interest rates in Kolkata. I discovered that the lenders that exist in Kolkata typically offer home loans at interest rates higher than 8.30% p.a. for loan amounts up to 90% of the property value and for terms up to 30 years. Furthermore, it is dependent upon several variables, including the borrower's income, credit score, loan amount, and current market conditions.
What is the Home Loan Interest Rate in Kolkata?
The economy and the banking industry are vulnerable to fluctuations, which can affect the rates that banks and lenders offer. Before applying for a home loan, borrowers are suggested to compare the rates provided by various banks from the below table:
| Lender Name | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
SBI |
8.40% - 10.15% p.a. |
8.40% - 10.05% p.a. |
8.40% - 10.05% p.a. |
HDFC Bank Limited |
8.35% p.a. onwards |
8.35% p.a. onwards |
8.35% p.a. onwards |
LIC Housing Finance |
8.40% - 10.35% p.a. |
8.40% - 10.55% p.a. |
8.40% - 10.75% p.a. |
ICICI Bank |
8.75% p.a. onwards |
8.75% p.a. onwards |
8.75% p.a. onwards |
PNB Housing Finance |
8.50% - 14.50% p.a. |
8.50% - 14.50% p.a. |
8.50%-11.45% p.a. |
IDFC First Bank |
8.75% p.a. onwards |
8.75% p.a. onwards |
8.75% p.a. onwards |
Bajaj Housing Finance |
8.50% p.a. onwards |
8.50% p.a. onwards |
8.50% p.a. onwards |
Recently, my friend suggested me the below link to compare interest rates of various bank:
Get lowest home loan rates via NoBroker here.I hope you found this answer helpful. 🙂
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Authors Of The Question
What is Home Loan Rates in Kolkata?
Akhilbandhu
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8 months
2024-01-17T20:00:26+00:00 2024-01-19T20:02:21+00:00Comment
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