Bank of India
7.10% p.a. onwards
Max tenure 30 yrsFee 0.25% of loan amount (min ₹1,500, max ₹20,000)
Home Loan in Kolkata
Compare home loan interest rates from 40+ banks and housing finance companies lending in Kolkata (Calcutta). The most affordable metro, with jobs in IT/ITeS (Sector V, New Town), services and trade, and a metro network expanding east and south. See rates, fees, popular localities, West Bengal stamp duty and EMI before you choose, and Butter Money handles the paperwork until disbursal.
- 40+ Lenders
- Competitive Rates
- Expert Assistance
%
Rates from
7.10%
p.a.*
Max tenure
32 yrs
most lenders
Max funding
90%
loans up to ₹30 L
Lenders
32
in Kolkata
*Lowest advertised rate across lenders · Rates updated 3 Nov 2026 · Final pricing depends on your credit profile, income, loan amount and property.
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Top Home Loan Offers in Kolkata
Lowest starting rates this month from lenders active in Kolkata.
LIC Housing Finance
7.15% p.a. onwards
Max tenure 30 yrsFee ₹15,000 + GST
Union Bank of India
7.15% p.a. onwards
Max tenure 30 yrsFee ₹10,000 + GST
Bajaj Housing Finance
7.20% p.a. onwards
Max tenure 30 yrsFee ₹5,000 + GST
Compare Home Loan Rates in Kolkata
Indicative starting rates, fees and funding limits · updated 3 Nov 2026
| Lender | Rate (p.a.) | Processing fee | Max tenure | Max LTV | Action |
|---|---|---|---|---|---|
| Bank of IndiaPublic sector bank | 7.10% | 0.25% of loan amount (min ₹1,500, max ₹20,000) | 30 yrs | 75% | Check → |
| LIC Housing FinanceHousing finance company | 7.15% | ₹15,000 + GST | 30 yrs | 90% | Check → |
| Union Bank of IndiaPublic sector bank | 7.15% | ₹10,000 + GST | 30 yrs | 75% | Check → |
| Bajaj Housing FinanceHousing finance company | 7.20% | ₹5,000 + GST | 30 yrs | 90% | Check → |
| Canara BankPublic sector bank | 7.20% | ₹10,000 + GST | 30 yrs | 75% | Check → |
| Central Bank of IndiaPublic sector bank | 7.20% | ₹10,000 + GST | 30 yrs | 75% | Check → |
| Punjab National BankPublic sector bank | 7.20% | ₹5,000 + GST | 30 yrs | 75% | Check → |
| Bank of MaharashtraPublic sector bank | 7.25% | Nil | 30 yrs | 75% | Check → |
| Federal BankPrivate bank | 7.25% | ₹20,000 + GST | 30 yrs | 85% | Check → |
| South Indian BankPrivate bank | 7.25% | ₹15,000 + GST | 30 yrs | 80% | Check → |
| Punjab & Sind BankPublic sector bank | 7.30% | 0.10% of loan amount | 30 yrs | 75% | Check → |
| Axis BankPrivate bank | 7.35% | ₹10,000 + GST | 30 yrs | 80% | Check → |
| Bank of BarodaPublic sector bank | 7.35% | ₹4,130 + GST | 30 yrs | 75% | Check → |
| IDBI BankPrivate bank | 7.35% | ₹15,000 + GST | 30 yrs | 75% | Check → |
| ICICI BankPrivate bank | 7.40% | ₹5,000 + GST | 30 yrs | 80% | Check → |
| HDFC BankPrivate bank | 7.45% | ₹10,550 + GST | 30 yrs | 88% | Check → |
| HSBC BankForeign bank | 7.45% | ₹10,000 + GST | 25 yrs | 80% | Check → |
| State Bank of IndiaPublic sector bank | 7.50% | Salaried customer max: ₹15,000 + GST | 30 yrs | 75% | Check → |
| TATA CapitalNBFC | 7.60% | ₹12,000 + GST | 30 yrs | 90% | Check → |
| L&T FinanceNBFC | 7.65% | ₹10,000 + GST | 30 yrs | 75% | Check → |
| IDFC FIRST BankPrivate bank | 7.75% | 1.50% + GST | 32 yrs | 80% | Check → |
| Mahindra FinanceHousing finance company | 8.00% | 0.50% + GST | 30 yrs | 80% | Check → |
| Godrej FinanceHousing finance company | 8.34% | ₹11,000 + GST | 30 yrs | 80% | Check → |
| YES BankPrivate bank | 8.35% | ₹5,000 + GST | 30 yrs | 80% | Check → |
| IndusInd BankPrivate bank | 8.45% | 0.125% of loan amount + GST | 30 yrs | 90% | Check → |
| Navi FinservNBFC | 8.45% | ₹0 + GST | 30 yrs | 90% | Check → |
| DBS BankForeign bank | 8.70% | ₹10,000 + GST | 30 yrs | 90% | Check → |
| Truhome FinanceHousing finance company | 9.50% | 1% + GST | 30 yrs | 80% | Check → |
| Piramal FinanceNBFC | 9.90% | 1% + GST | 30 yrs | 80% | Check → |
| Utkarsh Small Finance BankSmall finance bank | 11.00% | 0.10% of loan amount | 30 yrs | 75% | Check → |
| Vridhi FinservHousing finance company | 12.00% | — | 30 yrs | 75% | Check → |
| Vastu Housing FinanceHousing finance company | 12.50% | ₹3,000 + GST | 20 yrs | 80% | Check → |
LTV shown within RBI limits: up to 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh.Compare all lenders →
Kolkata Home Market: What Buyers Should Know in 2026
Kolkata is the most affordable large metro market, at about ₹5,900/sq ft on average (Knight Frank H1 2026), with modest single-digit price growth. Demand is mostly from end-users, concentrated in New Town–Rajarhat, the EM Bypass belt and south Kolkata, as metro expansion improves connectivity.
3,980
residential sales, Q3 2026 (Jul–Sep)
-4% YoY4,680
new launches, Q3 2026 (Jul–Sep)
-4% YoY₹5,942/sq ft
avg. price, H1 2026 (Jan–Jun)
+5% YoY8,368
residential sales (half-year), H1 2026 (Jan–Jun)
+3% YoYSource: Anarock; Knight Frank India.
Popular Areas to Buy a Home in Kolkata
Choose by budget, commute and employment hub, not just popularity.
| Area | Price (₹ / sq ft) | Connectivity | Best for |
|---|---|---|---|
| Ballygunge | ~₹13,150 (avg) | Central-south Kolkata; Ballygunge railway; Gariahat | Premium and heritage-locality buyers |
| Salt Lake (Sectors I–III) | ~₹13,300 (avg) | Green Line (East–West) metro; Sector V IT hub | Established buyers near Sector V |
| New Town (Action Areas I–III) | ~₹9,150 (avg) | Orange Line metro (in phases); near airport and Sector V | IT professionals; new gated towers |
| EM Bypass | — | Eastern Metropolitan Bypass; Orange Line metro | Mid-segment buyers wanting city access |
| Rajarhat | ~₹5,850 (avg) | Off New Town; VIP Road to airport | Budget buyers near the IT belt |
| Tollygunge | — | Metro Blue Line; NSC Bose Road | South Kolkata families |
| Behala / Joka | ₹4,750–5,600 (avg) | Purple Line metro (Joka–Esplanade, partly open); Diamond Harbour Road | Affordable homes in south-west Kolkata |
| Garia | ~₹5,600 (avg) | Metro Blue Line (Kavi Subhash); EM Bypass extension | First-time buyers in the south |
Indicative average asking prices from Square Yards locality pages (Nov 2026). Portal figures, not transaction data. EM Bypass and Tollygunge are shown without a price: their averages are skewed by a few premium projects.
Home Loan for Different Property Types in Kolkata
What lenders check before they fund each kind of property.
Ready to move
Full disbursal at registration. Lenders check the KMC (or local municipality) sanctioned plan, the completion certificate and the title.
Under construction
Paid in stages as the building rises. The project must be WBRERA registered; check which banks have approved it.
Resale
Lenders verify the title chain, KMC mutation in the seller's name and up-to-date property tax. Land under thika tenancy needs extra checks.
Plot + construction
Banks usually fund plots with clear title, mutation in BL&LRO land records and land-use conversion where the land was agricultural; funding limits are usually lower than for flats.
RERA registration is not the same as bank approval.
Check a project on West Bengal Real Estate Regulatory Authority (WBRERA), then ask us which lenders have approved it.
Home Buying Costs in Kolkata
West Bengal charges on a ₹1 crore home (male buyer)
Stamp Duty (6%)₹6,00,000
Registration (1%)₹1,00,000
Total government charges₹7,00,000
Stamp-duty rebate status (note): The 2% stamp-duty rebate and 10% circle-rate cut that ran from Oct 2021 were discontinued from 1 Jul 2024; standard rates now apply.
CERSAI registration: One-time fee when the lender records the mortgage on CERSAI: ₹50 for loans up to ₹5 lakh, ₹100 above (plus GST).
GST on under-construction homes: 1% for affordable housing (up to 60 sq m carpet in metros / 90 sq m elsewhere and value up to ₹45 lakh), 5% for other homes; no GST on ready homes with an occupancy certificate.
Legal & technical checks: Lenders usually charge a small one-time fee for an independent title check and a property valuation; it varies by lender and is sometimes part of the processing fee.
Mortgage (MODT) stamp duty: ₹10 for every ₹1,000 of the loan (1%) for a loan repayable over more than three months; the schedule states no maximum.
Registered mortgage deed (without possession): If the lender asks for a registered mortgage deed: stamp duty ₹10 per ₹500 of the loan (2%), maximum ₹1,00,000; registration fee 1%, maximum ₹55,000.
Also plan for the down payment, processing fee, legal & technical checks, mortgage registration (MODT), CERSAI and GST on under-construction homes.
Effective from 1 Jul 2024 · Source: Directorate of Registration & Stamp Revenue, West Bengal (wbregistration.gov.in)
Calculate stamp duty for your home →Kolkata Home Loan EMI Calculator
Starts at the lowest Kolkata rate. Move the sliders to see how the loan amount, rate and tenure change your EMI.
₹1,00,00,000
₹10,00,000₹10,00,00,000
%7.1
6%20%
Yrs15
1 Yr30 Yrs
YOUR MONTHLY EMI
₹90,443
for 15 years at 7.1% p.a.
Principal amount
₹1,00,00,000
Total interest
₹62,79,709
Total amount payable₹1,62,79,709
Illustrative calculation based on the selected rate. The rate defaults to 7.1% p.a., the best applicable starting rate. Your actual EMI depends on the rate offered to you.
Home Loan & Housing Schemes in West Bengal
Central
PMAY-U 2.0 interest subsidy
Eligible EWS/LIG/MIG households can get an interest subsidy on their first home loan. Check current eligibility before applying.
Official scheme details ↗Kolkata
Nijashree Housing Scheme
West Bengal Housing Department scheme offering subsidised flats to LIG and MIG households by lottery.
Official scheme details ↗How to Apply for a Home Loan in Kolkata
- 1
Check eligibility
Soft check, no CIBIL impact
- 2
Compare lenders
Offers from 40+ lenders
- 3
Shortlist property
RERA, title and local approvals
- 4
Submit documents
Digital, one upload
- 5
Sanction & disbursal
Legal and technical check, then disbursal
Kolkata Home Loan FAQs
What is the lowest home loan interest rate in Kolkata?
Home loan rates in Kolkata start from 7.10% p.a. (Bank of India) as of 3 Nov 2026. Your rate depends on your CIBIL score, income, loan amount and the property.
Which banks give home loans in Kolkata?
Public sector banks, private banks and housing finance companies all lend in Kolkata, including Bank of India, LIC Housing Finance, Union Bank of India, Bajaj Housing Finance, Canara Bank, Central Bank of India. Butter Money compares 32 lenders for your profile.
What is the maximum home loan tenure in Kolkata?
Lenders in Kolkata offer up to 32 years, limited by your age when the loan ends (usually 60–70 years).
What is KMC mutation and do I need it after buying?
Mutation updates Kolkata Municipal Corporation records so property tax is billed in the new owner's name. Apply after registration. Lenders and future buyers will ask for the mutation certificate.
Which RERA applies in Kolkata, WBHIRA or WBRERA?
The Supreme Court struck down the state's WBHIRA law in 2021, so the central RERA applies through WBRERA (rera.wb.gov.in). Check project registration there.
Are New Town properties leasehold?
Much of New Town land was allotted by HIDCO on long lease. Check the lease terms, HIDCO/NKDA approvals and any transfer conditions before buying a resale.
How is stamp duty calculated in Kolkata?
West Bengal charges stamp duty on the higher of the market value (circle rate) and the agreement value, at slab rates of about 6–7% in urban areas, plus registration fees. The pandemic-era rebate has ended.
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