Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Kolkata Personal Loan
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    Tenure Range
    10.99% - 17.99%
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    1-5 Years
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    10.99% - 25% Fixed
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    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
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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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
    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
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    25L Max
    1-5 years
    Response Time : Within 30 minutes
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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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    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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    10.99% - 14.49% Fixed
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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 2968 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 23 Sep 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

    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have been using the Bank Bazaar services for a while. The best part is customer support there peoples are very cooperative , i receive too many calls from them just to get my work done , they are very helpful . Mobile application and website were easy to use and very user friendly .
      Was this review helpful? 2
      , kolkata
      Reviewed on Sep 16, 2018
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI BANK , i have bitter experience with this bank , the customer support attitude not good with this bank . Initially they said 12.9% of interest rate but later they charge 14% so it is very disappointing part . Loan amount is 1.5 lakh and it is sufficient to me .
      Was this review helpful? 3
      , kolkata
      Reviewed on Sep 16, 2018
    • Bank Bazaar Personal Loan
      "good service"
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR for many months . The best part of bank bazaar is after applying for personal loan they are giving instant call back . I am using the mobile application and the website, both are easy to use. The customer support follow up was good during the application.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 16, 2018
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with ICICI BANK , they charged 7000 of processing fee and it is nominal . The process of getting loan was so quick within few days i got my loan . The rate of interest is 15.5% , tenure period is 3 year .Loan amount is up to the mark . Customer support is good with this bank .
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 16, 2018
    • HDFC Bank Personal Loan
      "Not satisfied with the service"
      0.5 2.0/5 "Expected more"
      The experience i had with this loan has been tedious and the process has taken more time than usual and there was more paper works and documentation which was required. The loan amount which they had provided had been less than expected. The interest rate which they had charged was high and it was not informed to me initially and they also had taken some additional charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 12, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was really a very good experience i had and it was a very transparent process. Everything which has been mentioned by them has been good and i had been using the website of them and it was easy in using it. Their customer support also had been responsive and had been making good follow ups during the whole process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 12, 2018
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since they where providing a paperless approval and the process in getting this loan was extremely easy. It has taken very less time in disbursing the loan amount and the response which they had shown has been good as well. The loan amount which they had provided has been satisfactory, there has not been any additional charges which they had made or there has not been any sort of additional charges which they have made so far.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My experience was not good with IndusInd bank for personal loan, the loan amount was for Rs 2 lacs for 4 years with high interest rate in the market. Customer service was not up to the mark and their response was not good. The charges are high when compared to others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 12, 2018
    • HDFC Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I earlier had a personal loan with HDFC bank. The customer services and response is good in the process. I got the loan in between 2014 to 2015. The rate of interest is around 14% which is on the higher side. The processing charges were waived off too.
      Was this review helpful? 1
      , kolkata
      Reviewed on Aug 29, 2018
    • Bank Bazaar Personal Loan
      "Nice experience "
      0.5 4.5/5 "Excellent!"
      Bankbazaar is very helpful and there are no issues in the process. The customer support and response is good and they communicated very clearly and they followed up in the process. Overall it is good and it is easy to understand and get connected to the bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 29, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      HDFC Bank is good overall in the personal loan process. The customer services and response is good. The rate of interest is of 13% and the processing fee is waived off. The documentation is collected on time and the after loan services is also good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Aug 29, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with CITI bank and my experience was good, the loan amount was for Rs 5 lacs with nominal interest rate when compared to other banks. Customer service was good and they responded on time. Tenure period is 4 years and they charge 4% of principal amount for preclosure.
      Was this review helpful? 1
      , kolkata
      Reviewed on Aug 28, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience so far with bankbazaar, they provide good services when compared to others in the market. Customer service was good with bankbazaar and they responded on time. The website of bankbazaar is easy to navigate and is user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 28, 2018
    • Tata capital Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with TATA CAPITAL for personal loan, the process took 1 week to complete. The loan amount was for Rs 6.5 lacs with the tenure period of 6 years. The rate of interest was nominal and the customer service was very good with TATA CAPITAL
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 28, 2018
    • Bank Bazaar Personal Loan
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      It was pretty comfortable to place a request at Bankbazaar. It was easy to navigate and register my details. I received a call back on time and I was provided with the information. It would be better if the status on the portal is on the same page with the bank because even after the documents was collected I was contacted asking me about the same.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 27, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from HDFC Bank. The process to get the loan took one and half week. The rate of interest was approximately 14% and the executive told me that the processing fees will be waived off after paying the EMI for three months.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 27, 2018
    • Bank Bazaar Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      As a mediator Bankbazaar.com contacted me on time and informed me the details. They also processed it to the banks. They have done their job well. The website is also good and it is user friendly and easy to use as well. Overall a good experience.
      Was this review helpful? 3
      , kolkata
      Reviewed on Aug 25, 2018
    • HDFC Bank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I applied for a personal loan with HDFC bank. It has not been a satisfactory experience as I did not receive the loan amount I asked for. I received lesser than that. I had applied for three lakhs and I got 2.74. It is such a huge difference in amount and I had to follow up a lot for the same and I have not got a solution.
      Was this review helpful? 3
      , kolkata
      Reviewed on Aug 25, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan with HDFC Bank and the banking experience is good. It was a pre approved offer and I got the funds immediately in my account. The rate of interest and processing charges are good. The after loan services are also good.
      Was this review helpful? 5
      , kolkata
      Reviewed on Aug 22, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      It was a good experience with bankbazaar so far, they provide good services when compared to others in the market. Customer service was good with bankbazaar and they responded on time. The website of bankbazaar is easy to navigate and is user friendly.
      Was this review helpful? 2
      , kolkata
      Reviewed on Aug 17, 2018
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