Aspire of homeownership in Kolkata but affordability is a big hurdle. It doesn’t have to be! The facility of home loan in Kolkata is a blessing for potential buyers looking to purchase their dream property in the city.
What is a Home Loan?
A home loan is a grant offered by a range of banks or financial institutions to help eligible people get a place of their own. It is a secured loan wherein the lender holds the property papers until the complete debt is repaid along with interest.
For loan approval, various documents that certify the borrower’s age, address and income status along with bank statement of last six months and passport size photographs have to be furnished. Based on eligibility profile and repayment capacity, an individual can get finance of nearly 80% of the property value. Home loans in Kolkata can be taken out for anything between 5-30 years. The reimbursement of the loan is through monthly EMIs. The interest charged by the lender can be at a floating or a fixed rate.
Different types of home loans in Kolkata:
The home loan marketplace caters to diverse needs of customers in Kolkata. The following are some popular types of products available in this category.
- Buying residential property
- Construction of a home
- Procuring land for construction or investment
- Repairs and renovation of residential property
- Expansion/extension of home for additional space
- Home conversion loans
- Balance transfer loans
- Bridge Loans
- NRI home loans
- Refinance loans
- Stamp duty loans
Eligibility for availing the home loan in Kolkata:
- Income of the applicant
- Age
- Occupation Stability
- Resident status
- Cash flow and expenses to determine repayment capacity
- Credit history and score
- Liability of existing loans
If you want to maximize your chances of finding the best home loan in Kolkata, look no further than Antworks Money! A renowned peer-to-peer online lending platform, we understand India’s housing finance market like the back of our hand. Equipped with high-end technology and algorithms, we simplify acquirement of home loans by making the process easy and straightforward. Our aim is to help borrowers compare the various offering by banks/NBFCs to make an informed decision and grab the best deal possible. Our services cover a lot more! With us at the helm, you are assured of exemplary customer care at every stage of loan procurement for 100% satisfaction.
So what’s stopping you? Register now to avail a home loan in Kolkata! Our experts at Antworks Money are ready 24/7 to pitch in for assistance!