According to Ambak, home loan rates for Kolkata buyers start at 7.40% p.a. (Bank of Baroda, Canara Bank, Union Bank of India), per the banks' official rate cards in November 2026. SBI starts at 7.50%, HDFC Bank and Axis Bank at 8.00%. The RBI repo rate is 5.50% after the 25 bps hike on 7 November 2026, and banks have passed it through to new floating-rate loans.
Banks price home loans nationally, so these rates apply in Kolkata as elsewhere. The rate you are offered depends on CIBIL score, income type (salaried or self-employed) and loan amount.
| Lender | Interest rate (p.a.) | EMI per ₹1 lakh, 20 years, at starting rate | Effective |
|---|---|---|---|
| Bank of Baroda | 7.40% – 9.15% | ₹799 | 8 Oct 2026 |
| Canara Bank | 7.40% – 10.25% | ₹799 | 9 Oct 2026 |
| Union Bank of India | 7.40% – 9.60% | ₹799 | 8 Oct 2026 |
| Central Bank of India | 7.45% – 9.00% | ₹803 | 8 Oct 2026 |
| Punjab National Bank | 7.45% – 9.35% | ₹803 | 8 Oct 2026 (festive rate till 31 Dec 2026) |
| State Bank of India | from 7.50% | ₹806 | 15 Oct 2026 |
| Kotak Mahindra Bank | from 7.60% | ₹812 | — |
| Axis Bank | 8.00% – 9.10% | ₹836 | — |
| HDFC Bank | 8.00% – 13.45% | ₹836 | — |
| ICICI Bank | 8.75% – 9.90% | ₹884 | 8 Oct 2026, valid till 31 Oct 2026 |
Source: each bank's official rate page, checked 10 November 2026. Most banks revised rates after the 7 October repo hike.
| Loan amount | 20 years at 7.40% | 30 years at 7.40% | 20 years at 8.50% |
|---|---|---|---|
| ₹30 lakh | ₹23,985 | ₹20,771 | ₹26,035 |
| ₹50 lakh | ₹39,974 | ₹34,619 | ₹43,391 |
| ₹75 lakh | ₹59,962 | ₹51,928 | ₹65,087 |
| ₹1 crore | ₹79,949 | ₹69,238 | ₹86,782 |
| ₹1.5 crore | ₹1,19,923 | ₹1,03,857 | ₹1,30,173 |
7.40% is the lowest official starting rate among large banks; 8.50% shows a typical rate for a lower CIBIL score or self-employed income.
| Item | Rate |
|---|---|
| Stamp duty, municipal areas, up to ₹1 crore | 6% |
| Stamp duty, municipal areas, above ₹1 crore | 7% |
| Registration fee | 1% |
Charged on the market value set by the state. Some 2026 guides show rates 2 points lower under a rebate; confirm on wbregistration.gov.in. Lenders do not fund stamp duty or registration; pay these from your own funds.
| Condition | Limit |
|---|---|
| Household income | Up to ₹9 lakh a year (EWS up to ₹3 lakh, LIG ₹3–6 lakh, MIG ₹6–9 lakh) |
| Property value | Up to ₹35 lakh |
| Loan amount | Up to ₹25 lakh |
| Subsidy | 4% on the first ₹8 lakh of the loan, for up to 12 years |
| Maximum subsidy | ₹1.80 lakh, paid in 5 yearly instalments to the loan account |
Source: PMAY-U 2.0 Interest Subsidy Scheme, Government of India. First-time buyers only; the household must not own a pucca house anywhere in India.
| Lender | Branch | Address |
|---|---|---|
| State Bank of India | SBI RACPC Bidhannagar Kolkata | 4Th Floor, 1/16, V I P Road, Kolkata, West Bengal 700054 |
| HDFC Bank | HDFC Bank Home Loan Branch - Kolkata (Surendra Mohan Ghosh Sarani) | Premises No 4, 5th, Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Esplanade, Chandni Chawk, Bowbazar, Kolkata, West Bengal 700072 |
| ICICI Home Finance | ICICI Home Finance Company - Home Loan - Kolkata | 8/1A, 2nd floor Sir William Jones Sarani (Formerly 8, 1, Sir William Jones Sarani, Kolkata, West Bengal 700071 |
| Axis Bank | Axis Bank Loan Centre | 5th Floor, Air Conditioned Market, SBB Department, 1, Shakespeare Sarani, Kolkata, West Bengal 700071 |
| Bank of Baroda | Bank of Baroda Suryasen Street Branch | 32, Surya Sen St, College Square, Kolkata, West Bengal 700012 |
| Punjab National Bank | Punjab National Bank | 4, Mahatma Gandhi Rd, Vidyapati Setu, Sealdah, Area, Kolkata, West Bengal 700009 |
| Kotak Mahindra Bank | Kotak Mahindra Bank | Gc 197, GC Block, Sector 3, Bidhannagar, Kolkata, West Bengal 700106 |
| LIC Housing Finance | LIC Housing Finance | 13B & 18, Chittaranjan Ave, Esplanade, Chowringhee North, Bow Barracks, Kolkata, West Bengal 700001 |
| PNB Housing Finance | PNB Housing Finance Limited | 5th Floor, South Block, No. 7, Dr Md Ishaque Rd, opposite to Jhinjhiri Talao, Taltala, Kolkata, West Bengal 700016 |
| Bajaj Housing Finance | Bajaj Housing Finance Limited - Home Loan, Loan Against Property | 3rd Floor, Express Tower, 3B buliding name, 42A, Shakespeare Sarani, Kolkata, West Bengal 700017 |
Addresses from the lenders' Google Business listings, checked 10 November 2026.
Flexible EMI options with co-applicant facility
Loan amount up to Rs. 15 crores for plot purchase and construction
Online application and eligibility check
Specialized SBI Home Loan Centres and Sales Teams
Tax benefits under Section 80C and interest deduction
Wide branch network in Kolkata for easy access
Typically 7 to 15 working days from application to sanction depending on document verification and loan amount
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
SBI Realty (Plot Purchase Loan)
Top-up Loan
SBI Park Street Branch
SBI Salt Lake Branch
SBI Esplanade Branch
SBI Howrah Branch
assistance at every step
Attractive interest rates starting from 7.90% p.a.
customized home loan solutions for salaried and self-employed individuals
minimal documentation
quick and easy approval
simple online application process
Trufixed loans with fixed interest for a specific period
Typical loan processing and approval time is quick with an end-to-end digital application process, generally within a few days
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan
Kolkata (Behala) Branch
Kolkata Central Branch
Kolkata Salt Lake Branch
Kolkata Park Street Branch
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