Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Kolkata Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Kolkata Personal Loan is Rated as "Great!" by 3067 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Kolkata Personal Loan

    Kolkata is a prominent city in the state of West Bengal, which serves as the capital of the state. It is the main centre for educational, commercial, and cultural activities. The city has a population of 45 lakh. It has a charming, colonial touch. It is famous for its many tourist spots and office complexes.

    This city has many famous lenders including banks and non-banking financial companies (NBFCs) that provide top-class personal loans at affordable prices. You can pick a personal loan online or offline. To apply online, you will need to visit your bank’s official website or a third-party financial website. To apply offline, you will need to go to your lender’s branch and apply with the assistance of a branch executive.

    Documentation needed to apply for an Kolkata Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Kolkata Personal Loan Interest RatesUpdated on 19 Jan 2019

    Kolkata Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Personal Loan in Kolkata

    Kolkata has a number of banks and NBFCs offering personal loans—both secured and unsecured—to eligible customers. Unsecured loans, as the name suggests, are loans which do not require a collateral. Financial institutions consider various parameters before issuing an unsecured personal loan. In general, secured personal loans are easy to avail when compared to unsecured personal loans. Some of the leading banks issuing personal loans are HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra, etc. Loan comparison portals such as BankBazaar allow you to compare the personal loan products offered by different banks.

    Personal Loans offered by Various Lenders in Kolkata

    A few of the top lenders that offer personal loans in the city of Kolkata include:

    • Bank of Maharashtra
    • Bank of Baroda
    • Fullerton India
    • UCO Bank
    • IndusInd Bank
    • Bank of Punjab
    • Indian Overseas Bank
    • Allahabad Bank
    • Howrah Gramin Bank
    • Khardaha Co-operative Bank
    • Kotak Mahindra Bank
    • Oriental Bank of Commerce
    • State Bank of India (SBI)
    • The Bank of Rajasthan
    • ING Vysya Bank
    • Standard Chartered Bank
    • Dena Bank
    • Deutsche Bank
    • Tata Capital
    • Citibank
    • Andhra Bank
    • Canara Bank
    • IDBI Bank
    • Aditya Birla
    • Vijaya Bank
    • ICICI Bank
    • Axis Bank
    • HDFC Bank
    • Corporation Bank
    • Punjab National Bank

    How do I get a Personal Loan with the lowest interest rate in Kolkata?

    Most people prefer to apply for personal loans in the banks where they maintain their salary accounts, as the approval process becomes a lot easier. While it can be considered as an option for quicker sanctioning of loans, comparing and choosing the best suited loan is most desirable. Your personal loan eligibility is affected by numerous factors which can also have an effect on the interest rates offered to you. So if you plan to avail a personal loan at a low interest rate, here are some of the key areas you need to look upon:

    • Credit score: Make sure that you maintain a good credit score before applying for a personal loan. A good credit score increases your chances of getting an unsecured personal loan, which may even come as pre-qualified loans. Generally, a credit score 750 is considered satisfactory for availing personal loans.
    • Make a down payment: Paying out a significant portion of the loan amount is likely to reduce your premiums to a considerable scale. Any amount above 20% of the loan value, paid upfront, will positively impact the interest rates on your loan.
    • Debt-to-income ratio: Debt-to-income-ratio is a measure of the individual’s ability to repay the personal loan. It is a key determinant of your eligibility for personal loans. Ensure that you have a steady debt-to-income ratio before approaching a bank or NBFC for personal loans.
    • Loan comparison: Optimizing the use of financial portals such as BankBazaar will help you when shopping around for loans offering the best interest rates. The BankBazaar website compares the loan interest rates of all its partner banks and makes it easier for customers choose the best suited product.
    • Tenure: The loan tenure has a direct impact on the interest rates charged on your personal loan amount. Therefore, choosing a short tenure will give you less interest rates and vice versa.
    • Employment status: Your employment also has a role to play in the approval of your personal loan. Banks take into account your work experience and the details of your employer while reviewing the loan application. So if you work for a company listed with the bank, you have higher chances of getting personal loans for a discounted interest rate.
    • Personal loan negotiation: It’s a known fact that most people settle for the interest rates offered by the bank. But to avail better rates of interest, negotiation is an imperative. So if you are someone applying for a loan at a bank where you holding your salary account, then you have higher chances of making a negotiation.

    Personal Loan Interest rates in Kolkata 2018

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    Kotak Mahindra Bank 10.99% to 24% p.a. Up to 2.5% of the loan amount along with GST or service tax Rs.50,000 to Rs.15 lakh 1 to 5 Years
    UCO Bank 11.20% to 11.45% p.a. 1% of loan amount Up to Rs.10 lakh Up to 60 months
    Indian Overseas Bank 11.65% p.a. Up to 0.50% of loan amount Up to Rs.5 lakh Up to 5 years
    Fullerton India 11.99% to 23.99 p.a. Information not provided. Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals 1 to 4 Years
    Dena Bank 13% to 14% p.a. 1% of loan amount Up to 9 times of net monthly income Up to 36 months
    Yes Bank 14% p.a. Information not provided. Rs.2 lakh to Rs.20 lakh 1 to 5 Years
    Allahabad Bank Information not provided 1.06% of loan amount Information not provided. 1 to 5 Years
    Aditya Birla 14% to 26% p.a. Nil Rs.25,000 to Rs.15 lakh 6 to 36 months
    ICICI Bank 10.99% p.a. to 22% p.a. Up to 2.25% of the loan amount along with applicable GST Up to Rs.20 lakh 1 to 5 Years
    State Bank of India 11.85% to 14.70% p.a. 1% Rs.25,000 to Rs.15 lakh Up to 84 months

    Salary requirements to avail Personal Loans in Kolkata

    The salary requirements may vary from one bank to another. However, compare the personal loan offers and make sure that you meet the minimum salary criteria required for a particular loan.

    • For salaried individuals – In general, banks offer personal loans to individuals above 21 years of age and earning a stable an income of above Rs. 15,000.
    • Self-employed individuals – Self-employed persons should provide proof of income and most banks have an income requirement of Rs.1 lakh to Rs.2 lakh (profit) annually.

    Kolkata Personal Loan FAQs

    1. Can I prepay my personal loan?

      You can foreclose the loan amount after paying EMIs for a certain number of month as specified by the bank. However, prepayment charges will be levied.

    2. How much time will it take for my loan to be sanctioned?

      The approval time depends from one bank to another. Some banks approve your personal loans within 24 hours.

    3. What are the additional charges applicable on personal loans?

      You may be required to pay processing fees, which is normally 2% of the loan amount.

    4. What are the loan tenure options that banks offer in general?

      Personal loans can be repaid in a period ranging from 12 months to 60 months.

    5. What is the maximum personal loan amount I can avail?

      Depending on your income and repayment capacity, banks offer you loans starting from Rs.50,000 and it can go up to Rs.15 lakhs.

    Kolkata Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finance for 2 times as 1L. There is no charges for part payment and foreclosure and it very good am much satisfied since no banks has given this option. I have completed the loan around 3 months. The interest rate is little bit higher 14.4% but I have expected 12% and facilities are very good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 18, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had a good experience with HDFC Bank. I took my personal loan through online channel. The rate of interest is little bit high and the processing fee was nominal. The documents are submitted online and executive came for verification. The loan duration is 60 months. They took 10 days to process the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with TATA CAPITAL for personal loan, the disbursement took long time and i received my loan amount within 15 days. Loan amount was sufficient and the rate of interest was nominal. Tenure period for this loan is 4 years and the customer service was good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 17, 2019
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with CITI bank for personal loan was good, the loan amount was sufficient and rate of interest was 0.5% high when compared to market. Customer service was good and they responded on time. Tenure period for this loan is for 5 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 17, 2019
    • Fullerton Personal Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Fullerton and my experience was good, the loan amount was sufficient and the rate of interest was high when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 4 years.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 17, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with HDFC bank, ,they have given me sufficient loan amount was sufficient for me, and the rate of interest they have charged me is high comparing to other bank,the processing fee they have charged me is bit high,there is no hidden charged apart from that,the loan is still running.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 17, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this loan has been quite good and the loan amount which they had provided has been sufficient as well. The interest rate which they had charged has been nominal when compared with the market rate. There has been some charges which they had made which was nominal as well.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jan 17, 2019
    • SBI Personal Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      At the time when i was looking for a personal loan i had applied in SBI bank . As i hold a salary account in SBI it was easy for me to apply for a loan. The interest rates that i had on my loan amount was reasonable and i am pretty much happy with the services.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jan 11, 2019
    • Axis Bank Personal Loan
      "Good in Need"
      0.5 5.0/5 "Blown Away!"
      I was looking for a personal loan and and thats when i applied with Axis bank. The interest rates that i had on my personal loan was reasonable. Services were satisfactory in Axis and i am happy about it. I have completed the loan tenure successfully.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jan 11, 2019
    • ICICI Bank Personal Loan
      "Interest rate and charging fee should be reduced"
      0.5 4.0/5 "Great!"
      The processing is very high in ICICI personal loan, I took the loan amount of Rs. 4 lakhs again I have taken new loan of Rs. 1.5 lakh then they have combined and showed the principal as Rs. 6 lakhs its not fine for me, first installment started from yesterday and the interest and charges are high.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jan 11, 2019
    • Axis Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I directly approached AXIS Bank for the personal loan before four years I have done lots of documents. The guy who interacted with me gave me the door step service I am very happy with that professional service, but the interest rate is quite high anyways it helped me a lot.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jan 09, 2019
    • Bank Bazaar Personal Loan
      "Mind Blowing website"
      0.5 5.0/5 "Blown Away!"
      I really thank to Bank Bazaar they helped me a lot, they have taken initiative to process my loan application with regular follow up. Then I got my loan but I suggest, Bank Bazaar should be more paper less rather doing some physical documentation from bank end.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jan 09, 2019
    • Tata capital Personal Loan
      "Satisfactorty Experience"
      0.5 5.0/5 "Blown Away!"
      Tata capital experience is very excellent, they have processing time around three days when I submit the documents for the personal loan. Then they have sanctioned the loan on time, the interest rate is also nominal as per the market, I am happy with that.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jan 09, 2019
    • HDFC Bank Personal Loan
      "Easy Loan Process"
      0.5 5.0/5 "Blown Away!"
      The interest rate is high for the personal loan of HDFC Bank, my principal outstanding is around Rs.5 lakhs for the tenure period of four years. I appreciate the zero processing fee and also the customer support is helpful on the documentation part.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jan 07, 2019
    • IOB Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience with this personal loan has been good and the loan amount of 2,00,000 has been sufficient. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of additional charges which they had made so far.
      Was this review helpful? 2
      , kolkata
      Reviewed on Dec 20, 2018
    • ICICI Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have purchased a personal loan amount of Rs. 2 lakhs. I have closed the loan long back. They have provided me a satisfied interest rate. Since l took the loan quite a long time before, i don't remember about the processing fee. Overall, I'm satisfied with the ICICI services.
      Was this review helpful? 2
      , kolkata
      Reviewed on Dec 19, 2018
    • Cashe Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Cash e for three months, the loan amount they have given me was sufficient they have even me up to 35,000 and the rate of interest they have charged me was nominal,like for 35,000 there rate of interest including for 3 months i need to pay 37,000, they have charged me processing fee it is nominal.
      Was this review helpful? 4
      , kolkata
      Reviewed on Dec 19, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It has been a good experience with this loan and the loan got disbursed in a short period of time. There has not been any hassle faced with the banking services of them, even their customer support has been responsive has been helpful. There has not been any extra charges made by them.
      Was this review helpful? 5
      , kolkata
      Reviewed on Dec 14, 2018
    • SBI Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It had been a good experience with this loan experience with this loan and the whole process went smooth and simple. Within a short period of time they had given me this loan and there has not been any problem and there has not been any sort of additional charges which they had made.
      Was this review helpful? 8
      , kolkata
      Reviewed on Dec 14, 2018
    • Bank Bazaar Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, i came to know about there service through online, since i was receiving lots of marketing mails from bankbazaar people. Customer care people are too good they have done a follow up with me on a time to time.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 12, 2018
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