Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Kolkata Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16.49% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Kolkata Personal Loan Reviews

    • ICICI Bank Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      Intially, I have requested ICICI bank executive to give a call back with regards to my personal loan application, but they were not interested to give the service. The customer support and the response need to be improved with ICICI bank. Initially I received call from them later they said they will call back but they did not.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 27, 2017
    • Bank Bazaar Customer Support
      "Thanx giving"
      0.5 4.5/5 "Excellent!"
      Nice place to apply for a loan ...will tell my friends to use it... nice and user friendly. Helps me to submit all my documents at one go with very easy steps. There is small suggestion if u guyz can give an end to end sevice i.e. u guyz deal with the bank and give us the loan on behalf of them then it will be a very good sevice and also it would be less time consuming. Hope one day we will be able to receive it from your end.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 26, 2017
    • HDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I have got the personal loan from the HDFC bank and the interest rate was around 16%. The customer service was not that great as there was a bit of delay and the response is not so good. Customer service is an average one with them till now. Processing charges were around 1700 Rupees on my personal loan application.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 24, 2017
    • Bank Bazaar Customer Support
      "Awesome"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is definitely good , I have used it for the first time, but still I am happy with them. Response provided by Bankbazaar.com is good , also the website of the Bankbazaar.com is really easy to access, which I had experienced..,
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 24, 2017
    • ICICI Bank Personal Loan
      "Average "
      0.5 4.0/5 "Great!"
      My requirement was already fulfilled as I have already got the loan through some other sources and that's why I have not taken the personal loan from the ICICI bank, also the rate of interest was huge one with them. Customer service was good one with the ICICI bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 24, 2017
    • Bank Bazaar Customer Support
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I got immediate response from bank bazaar in concern to my personal loan application. The customer service and the response is really good with bank bazaar. The website of bank bazaar is easy to use and user friendly. I would say bank bazaar gives very good service to its customers.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 24, 2017
    • Standard Chartered Bank Personal Loan
      "not satisfied"
      0.5 1.0/5 "Really Bad"
      To be frank, I would say that I haven't received a proper response from Standard Chartered bank in concern to my personal loan application. They didn't even give a call to explain about the product. Therefore, I would say both customer service and the response needs to be improved with Standard Chartered Bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 24, 2017
    • HDFC Bank Personal Loan
      "Professional services"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank was very professional in the personal loan process. The bank contacted me on time and informed me the details and they also collected the paper works on time. I had no issues in getting my loan through with them. Just that the interest rate was a bit higher, it was around 15%. I am happy that the bank values me as a customer.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 23, 2017
    • ICICI Bank Personal Loan
      "Very bad, bad and bad"
      0.5 0.5/5 "Unacceptable"
      Hi all, I am serving Army man and approached the ICICI bank for the personal loan. They neglect me very badly. I am feeling very much ashamed. In my whole life I will never have a relation with such bank as they say they respect army, In reality they treat us like goons. My middle finger salute to ICICI.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 23, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The services rendered by Bankbazaar has been very nice. They have done a great job. I was contacted on time and the team helped me out very much in processing all my details to the bank. There were options given to me too. The website is also comfortable to use.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 23, 2017
    • ICICI Bank Personal Loan
      "Not happy with the services"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with ICICI bank and the customer services has not been up to the mark. The bank did not acknowledge my details and it is a zero response. The rate of interest was normal to me but I am still not happy because there was no proper service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 23, 2017
    • Tata capital Personal Loan
      "Excellent service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service with TATA CAPITAL is really good rather I would say it was excellent. They have disbursed my loan within 15 days of time. The rate of interest is very low when compared with others. The customer service and the response was good with Tata capital. I am happy and satisfied with the loan amount.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 18, 2017
    • Bank Bazaar Customer Support
      "Better service"
      0.5 3.0/5 "Satisfactory"
      The website of bank bazaar is very much easy to use and user friendly. I am satisfied with the bank bazaar service. I have sent a mail to bank bazaar in concern to my personal loan application but there was no response, it would be great if they give response to the customers. The customer service and the follow ups too were average.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 18, 2017
    • Citibank Personal Loan
      "Need to be customer centric"
      0.5 3.0/5 "Satisfactory"
      I have approached Citibank for my personal loan but there interest rate is too high when compared with others and they don't have 5years of tenure for the loan. The tenure time is very low so that was the reason I haven't got the personal loan with CITIBANK. The response was good with Citibank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 18, 2017
    • Bank Bazaar Customer Support
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      For the last 6 months I am using this bank bazaar. I have used bank bazaar web site it is very much easy to use and user friendly. The customer service and response provided by bank bazaar is really good, also it is very helpful to the customers. The application filling process is really good and easy as well. Furthermore, I would say it is a very good service provided by Bank bazaar.com.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 15, 2017
    • Kotak Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied personal loan with Kotak mahindra but they haven't proceed loan because the Kotak executive informed me that I am not eligible to get the loan because my salary haven't met their eligibility criteria.The customer service and the response is very good with kotak mahindra. The rate of interest is nominal with Kotak.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 15, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 4.5/5 "Excellent!"
      Bank Bazaar is quite good and transparent and also providing fast service, whatever it mentioned in the website ts absolutely correct. Website is good, they handling bank and customer in the proper way, the executive is also prompt and they are helping the customer.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 11, 2017
    • Citibank Personal Loan
      "Its very good"
      0.5 4.0/5 "Great!"
      When I applied for the personal loan, I discussed the same with my family. They advised me not to process now, hence I have dropped the plan, but there was no issue from CITI Bank. They are quite responsible on time they called and explained about the loan process in detail.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 11, 2017
    • Bank Bazaar Customer Support
      "Average Experience"
      0.5 4.0/5 "Great!"
      I am very satisfied with Bank Bazaar, when I applied for the personal loan their executive have called and helped on the loan process, even the site is also good but I would like to suggest Bank Bazaar person should verify the customer's documents before processing to the bank to make loan process simple or its taking some time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Its Average"
      0.5 3.0/5 "Satisfactory"
      I have processed my personal loan with Bajaj Finserv because I already some loan with that financial institute, hence I didn't go head with Kotak Mahindra for the personal loan and also I already submitted my documents with Bajaj Finserv they processed my loan. But Kotak Mahindra interest rate is good compared to Bajaj Finserv.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 11, 2017
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    Kolkata Personal Loan is Rated as "Great!" by 2470 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Kolkata is the capital of West Bengal and one of the largest cities in India.Kolkata is the main commercial and financial hub of East and North-East India and home to India's second largest bourse, the Calcutta Stock Exchange.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Kolkata Personal Loan if you are

    01
    02
    03
    04
    Kolkata Personal Loan Minimum Age

    At least 21 years old

    Kolkata Personal Loan Maximum Age

    Less than 65 years old

    Kolkata Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Kolkata Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Kolkata Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Kolkata Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Kolkata Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Kolkata Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Kolkata Personal Loan amount by these steps

    01
    02
    Kolkata Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Kolkata

    Choose longer tenure loan up to 5 Yr years


    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 29 Jul 2017

    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 Loan offered by various banks in Kolkata

    Kolkata is home to some of the top financial institutions in the country. Listed below are some of the banks and NBFCs in Kolkata offering personal loans at competitive rates of interest:

    • ICICI Bank
    • HDFC Bank
    • Axis Bank
    • CitiBank
    • Standard Chartered Bank
    • Oriental Bank
    • Kotak Mahindra Bank
    • Fullerton
    • Bajaj Finserv
    • Tata Capital
    • Aditya Birla

    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 2017

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One-time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 10.99% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One-time fee) Rs.15 Lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35%Fixed Rs.1,000 to Rs.10,000 (One-time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One-time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One-time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2% (One-time fee) Rs.20 lakh (Max) 1-5 Years

    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.


    Check For Latest: Gold Rate in Kolkata Or Silver Rate in Kolkata
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