Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Kolkata Personal Loan
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    Interest Rate Range
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    Tenure Range
    10.99% - 17.99%
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    1-5 Years
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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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
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    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
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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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    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
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    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
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
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    11.50% - 14.50% Fixed
    1%
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    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
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  • Kolkata Personal Loan is Rated as "Great!" by 3009 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.


    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 20 Nov 2018

    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
    Apply for Personal Loan

    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.


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

    Kolkata Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with HDFC bank for personal loan, the loan amount was for Rs 3 lacs with nominal interest rate when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 4 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 20, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about bankbazaar through mail, i applied for the loan from the link which i received from bankbazaar. Customer service was very good with bankbazaar and their response is on time. Website is easy and user friendly to use in bankbazaar.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 20, 2018
    • ICICI Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with ICICI bank and the experience was good, the process took 2 weeks to complete. The loan amount was for Rs 60000 with nominal interest rate when compared to others. Customer service was fine with this bank and the tenure period is for 1 year.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 20, 2018
    • Axis Bank Personal Loan
      "Customer friendly bank"
      0.5 5.0/5 "Blown Away!"
      They were clearly explained about the terms and conditions and interest rate. They have helped me to take the excess loan also. Their axis bank app is very good. The interest rate which they have provided is high which 13.99% and i have chosen the tenure period of 4 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 18, 2018
    • Bank Bazaar Personal Loan
      "Common website"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar is giving best bank loan options. I have been started using the bankbazaaar website for past 6 months. Through television advertisements i have come to know about the bankbazaar website. Bankbazaar has to speak with the clients regarding the issues faced by the customers to ensure speedy resolution.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 18, 2018
    • Tata capital Personal Loan
      "Pathetic services"
      0.5 1.0/5 "Really Bad"
      Whenever the personal was given me with a interest rate of 10.99% but when i took the loan it came to 11.49% which is mis-commitment. When i called the customer care, they have said that there is no offer regarding to reduce the interest rate. I got in a trouble regarding this. Final day they have given the split up the amount including the insurance which I'm unhappy with it.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 18, 2018
    • ICICI Bank Personal Loan
      "Good loan services"
      0.5 4.0/5 "Great!"
      Taken my personal loan with ICICI bank 2 months ago. I have got my loan amount on a correct time. I got a loan amount of Rs. 1.20 lakhs and they have given me a interest rate 16.40% and the processing fee was around 1%. The documentation process was hampering. There was a issue in the documentation process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 17, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have been using personal loan with HDFC bank , it have been just six months only i have been applied for personal loan and there rate of interest and processing fee is nominal which they have charge me and even loan amount was sufficient to me .
      Was this review helpful? 3
      , kolkata
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bankbazaar provides good services on financial products when compared to others in the market. I am using the services of bankbazaar for the first time. Customer service is fine and their response is prompt. The website of bankbazaar is user friendly and easy to use.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Citibank Personal Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with CITI bank and the experience was good, the process was smooth and i received my loan amount on time. The loan amount was for Rs 1.36 lacs with nominal interest rate and the tenure period for this loan is 1 year.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My experience was not up to the mark with TATA CAPITAL for personal loan, the process was delayed and it took 2 weeks to complete. The loan amount was for Rs 1 lac with high interest rate when compared to others. Customer support was not up to the mark and their response was delayed.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The process is very good where the response is very active also added on that i am using it for the very first time. I am using it through the website where the portal is easy also user friendly to access added on that i use for the credit card score checking.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have appiled for personal loan with the TATA CAPITAL the reason for taking the loan with them is there is a option of Part payment also the process is fast. The loan amount is good also the rate of interest is of 10.99%. There is no processing fee applicable also the duration is for 5 years added on that the pre closure option in very much available here.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Services"
      0.5 3.0/5 "Satisfactory"
      The personal experience was cool. I have got the loan 5 years back During that time the loan process was good. I have chosen the loan for 5 years however i have closed the loan within 2 years. They have given me a partial payment options and there is no charges for pre-closure. They have sanctioned me a loan amount of Rs. 3.5 lakhs.
      Was this review helpful? 1
      , kolkata
      Reviewed on Nov 13, 2018
    • Bank Bazaar Personal Loan
      "Helpful website"
      0.5 5.0/5 "Blown Away!"
      The customer care executive who handle the customer has more knowledge on products and done all the formalities about the loan. They have clearly explained the merits and demerits about the loan process about different banks and companies. I have been using the website for last 6 months. My requirement is got fulfilled through bankbazaar.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Great Loan Experience"
      0.5 5.0/5 "Blown Away!"
      They have given me a interest rate of 14.44% and within 4 days i have got my personal loan. I have applied the loan amount of Rs. 2 lakhs. They have offered me a processing fee of Rs. 1100 and i'm happy about the interest rate and processing fee. Total tenure period of the personal loan is 5 years. I have chosen the ECS mode for the payment. Overall i'm satisfied with the loan process.
      Was this review helpful? 1
      , kolkata
      Reviewed on Nov 13, 2018
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR services for while . The website is really user friendly and customer support follow up was also very good during the application process. Overall it has been a good experience. I have applied a credit card via Bank Bazaar.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 12, 2018
    • Tata capital Personal Loan
      "Satisfactory services"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan through TATA CAPITAL , i am giving 4.5 starts because i ma trying to reach customer service but i did not got proper response from them , even i send them mail and i got very late reply . They provide nominal rate of interest and there is no processing fee too .
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 12, 2018
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL"
      0.5 5.0/5 "Blown Away!"
      This is the first time experience with the Bank bazaar and i had a very good experience with the Bank bazaar i am using the Bank bazaar through the mobile application it is user friendly as well as it is a hassle free process to use it. The customer support are good by explaining about the policy.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 07, 2018
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      They have given the lowest rate of interest with 12% approximately added on that there is no processing fee so i have taken the loan from INDUSIND. The loan amount is satisfactory. The process is very simple and they have contacted and helped regarding the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 07, 2018
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