• Custom Free
     

    Custom quote

  • Kolkata Personal Loan

    Loading your search...
  • Kolkata is one of the most populous cities in India, and it rightly has a large number of banks that offer personal loans that cater to its citizens. Banks in Kolkata offer personal loans for interest rates starting from 10.99% and they come with easy EMI options and flexible tenures that not only make it easy to avail a loan, but also repay it in a smooth and hassle-free manner.
    More
    We found 17 Kolkata Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.75% - 21.45% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% + taxes One time fee
    75K - 5L
    Upto 4 years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    10.99% - 15.49% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria

    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 21 Oct 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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Kolkata Personal Loan Reviews

    • PaySense Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had applied personal loan from PAYSENSE SERVICES INDIA PRIVATE LIMITED. There was about 10 days delay to receive the loan amount. Their rate of interest is little higher than other bank. Processing fee is also very high. I had received the money on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 11, 2019
    • Kotak
      Kotak Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I would suggest Kotak Mahindra Bank to charge the interest rate to be little lesser as of now charged me 11-12%. There was a processing fee. I have taken a loan of 2.06L and it was not at all sufficient actually have applied for 6L. They have fixed the loan for 5 years. The documentation process was also very much easy.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 10, 2019
    • Kotak Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had applied personal loan from Home Credit. Their rate of interest is very high. I had received the loan amount on time. Their field executive collected my documents. Verification was also done on time and it was hassle free. Customer service was good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 08, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have selected HDFC BANK for the personal loan because the interest rates are low. The documents are submitted via online and they have taken near about 12days to disburse the loan. The process was simple and the loan duration is 4years. The interest rate is 14%.
      Was this review helpful? 1
      , kolkata
      Reviewed on Oct 08, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank personal loan through Online.I was not having any issues with the rate of interest ,I have not availed this loan since there was personal issues .I have got all the required information about the loan process through the agent .There was proper follow up and callback from bank end .
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 04, 2019
    • HDFC Bank Personal Loan
      "Average"
      0.5 5.0/5 "Blown Away!"
      I had applied for personal loan from HDFC Bank. They had closed my application and they did not inform me the reason. I had submitted my documents online and verification was not done. They called me once and took some details from me after that there is no update
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 04, 2019
    • HDFC Bank Personal Loan
      "Good Loan service"
      0.5 2.0/5 "Expected more"
      I had applied the personal loan from HDFC because i was planning to renovate the house. Its because of the low interest rate i have chosen the HDFC bank. The loan got rejected from bank side its because of the low credit score. I applied the loan amount of Rs. 2 lakhs for the tenure period of 5 years. I have given all my documents also.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 04, 2019
    • HDFC Bank Personal Loan
      "Helpful Loan"
      0.5 3.5/5 "Pretty good"
      In Home credit, They are charging too much interest rates. I'm not satisfied with that also. I had taken the loan 1 year ago and by end of this December its going be over. They processed the loan within 7 days. Documents was submitted in the centre and verification process started from there. I do the EMI payment on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 04, 2019
    • HDFC Bank Personal Loan
      "Quick process"
      0.5 4.5/5 "Excellent!"
      I have been allocated to that bank since I'm eligible for their requirement but I'm not personally connected with them. I'm satisfied with their experience. It was from the bank side they have rejected due to some documentation later on they called me and asked me to re-apply the same but i have denied it.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 04, 2019
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have not availed this personal loan Of HDFC Bank since had personal issue.I was not having any issues with rate of interest and the processing fee,I have not got the required information about the loan process through the agent.There was no difficulties faced while applying this loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 27, 2019
    • Citibank Personal Loan
      "Average"
      0.5 5.0/5 "Blown Away!"
      I have arranged the money through my own resource so I don't have any requirements for the personal loan, hence I have requested Citi Bank to cancel the loan. The customer service is very good. The interest rate is also fine. I have not provided any documents and I am finally satisfied with everything.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 26, 2019
    • Citibank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had applied for Citi Bank personal loan where the rate of interest was very high, I had told Citi Bank to decrease the rate of interest but they told that this is the minimum rate of interest,then I told to close this personal loan application.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 25, 2019
    • Citibank Personal Loan
      "Service is Good"
      0.5 5.0/5 "Blown Away!"
      I have applied for Citi Bank personal loan through Online .I have submitted the required documents and after that there was no updated from bank end due to this reason dropped the plan.I was not having any issues with the rate of interest and the processing fee .I am satisfied with the service since not faced any issues .
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 25, 2019
    • HDFC Bank Personal Loan
      "Very fast in approval"
      0.5 4.5/5 "Excellent!"
      Chosen my personal loan from HDFC because they have approached me very fast. I got the loan amount of Rs. 1 lakhs and they have provided me a interest rate of 15% and the processing fee was a nominal one which is 0.5%. I have been paying the EMI of Rs. 2230 and the amount has been automatically from my account.
      Was this review helpful? 1
      , kolkata
      Reviewed on Sep 12, 2019
    • Tata capital Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for Tata Capital Personal loan through Online .I have not taken this loan since my requirement was only credit card .The agent gave all the required information about the loan process and there was good response as well as callback but looking for some credit card hence dropped the plan .
      Was this review helpful? 1
      , kolkata
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Ned to decrease charges"
      0.5 3.5/5 "Pretty good"
      I was applied for a personal loan with HDFC bank on a month before which was processed through an online. Only the drawback was rate of interest was high. On time I received a call from bank. The loan amount was sufficient for the tenure period of 5 years. From my end closed the loan process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had applied for personal loan from HDFC Bank. Bank executive asked me to submit salary slip but I was unable to provide so they closed my application. They gave plenty of time to arrange salary slip. I have bank statement but they don't accept bank statement.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I applied personal loan from HDFC Bank online. There is no branch office of my employer in West Bengal so they have closed my application. They told me that office verification is required. As I don't have branch office I am not eligible for loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I taken the personal loan from the HDFC Bank directly, I got the same rate of interest as like online offers. The documentation was very easy through door step service. I availed Rs. 1 lakh for four years there is some processing fee but quite minimal.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 09, 2019
    • HDFC Bank Personal Loan
      "User Friendly"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Bank personal loan through Online .I have got all the details about the loan process very clearly through the agent .I am unable to pay EMI on monthly basis and the rate of interest was high so cancelled the plan of taking this loan.I have not submitted any of my documents for this loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 06, 2019
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.