Are you tired of paying the rent every month? Now move into your own home in Kolkata with a Home Loan. Read along to find out more about them. A Home Loan in KolkataAs the name suggests, a Home Loan is the financial assistance provided to help you buy a home. And since Kolkata is a growing city with great demands, meeting some of them might be expensive. You can avail smart Home Loan options offered by some banks and NBFCs (Non-Banking Financial Companies) designed especially for Kolkata. You can avail a Home Loan anywhere between Rs.25 lakhs and Rs.15 crores. The rate of interest will always be 8.60% and a minimal 1% of the loan amount will be charged as processing fees. Remember to pay your monthly EMIs on time, otherwise you may incur a penalty of Rs.1000 and a penal interest of 2% every month. The Benefits of Applying For a Home LoanHome Loan +Sometimes, just buying the home is not sufficient. You might need funds for some refurbishments like some stylish bathroom fittings or furniture fixtures. With this option, you can upgrade your current Home Loan to Home Loan + which will allow you to fund these small needs for your house. RefinanceIt is possible that you have exhausted all your savings on buying a house. In this case, if you have bought your house within the last 12 months, then you can still apply for a Home Loan under Refinance. This way you can restore your savings and repay the loan over a term. Some other benefits that most banks provide are:
Home Loan eligibility in KolkataTo apply for a Home Loan from in Kolkata, it is necessary that you meet the following needs.
Documents required for a Home Loan in KolkataAlong with the application, you will have to submit the following documents for a loan approval.
Applying for the loanYou can easily apply online for a Home Loan in Kolkata by simply filling an online Home Loan application form on the bank website. Follow these steps to get a Home Loan in Kolkata.
With this said, go ahead and get a Home Loan for to buy yourself and your family a beautiful home in Kolkata.
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |