Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Kolkata Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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 Ad Paperless approval available
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Perks
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
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    Perks
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    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
    What you'll love
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    Perks
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    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 available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    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
    Customer Reviews
    10.99% - 17.99% 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
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
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    Good to Know
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  • Kolkata Personal Loan is Rated as "Great!" by 2651 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Kolkata Personal Loan

    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 20 Oct 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
    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 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

    Kolkata Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good. Can provide more follow up calls."
      0.5 3.0/5 "Satisfactory"
      After I registered my details at Bankbazaar, I received a call and my details was verified and then forwarded to the bank. It would be better if there is more coordination with the bank as there was a lack of response from the bank and to replace that there could be follow calls from this team.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Lack of response"
      0.5 1.0/5 "Really Bad"
      I received a call initially from Standard Chartered bank after I applied for a personal loan and later I got no response from them. It has not been a professional experience as the customer care did not get back to inform me the status. No information on the interest rate and charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "Good financial advisor"
      0.5 4.0/5 "Great!"
      Good response from bank bazaar anytime I call them.I have been using the website for more than two months. Information is quick.customer service is excellent as always. Its a best option for the customer for clarity of financial products.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • IndusInd Bank Personal Loan
      "Good service "
      0.5 3.5/5 "Pretty good"
      I had applied for personal loan for an amount of 80 thousand at the nominal rate of interest. rRequired information were shared pertaining to my loan process,they took 15-20 days to credit the amount in the account.Had a good experience with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I am a previlage customer of HDFC Bank, I have taken personal loan 1 year back. They provided doorstep for the documentation, They have charged nominal interst rate. It took 4 to 5 days for the loan disbursement. I am happy with the customer service. EMI payment is auto debited from my salary account.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Pretty good"
      0.5 5.0/5 "Blown Away!"
      My experience with Bank Bazaar was very good. I had a continuous folowups and executive were very helpful, One of friend suggested bankbazaar.com to me . The online website is easy to use, I checked my credit score using bank bazaar, it was very helpful.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      It was a very nice experience with HDFC bank on my personal loan. The rate of interest was nominal.They have disbursed the loan on time. The documents collected by the executive at doorstep. I cannot preclose the before 1 year, there should be no timeline on that.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar is good and there are no issues. I received a call on time and they followed up through the process. The website is good as well, it was very easy to navigate through it and apply for the loan. There were proper follow up calls too.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "High on the ROI"
      0.5 4.0/5 "Great!"
      The services was good from Citibank. I received a call after I had applied for a personal loan. The team explained the details to me. I did not go ahead with the bank is because rate of interest is very high and the processing charges were high too.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2017
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The day I checked in bank bazaar website, I got immediate response from bank bazaar team and the customer support helped me to choose the best product as well they helped me to get in touch with the bank partner. I know bank bazaar for past 10 months. The website of bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2017
    • Standard Chartered Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The standard charted bank was good in their explanation part, they have explained the product in a very good way , The transparency is seen in the process. Customer support was helpful. The rate of interest which they have offered was nominal when compared with others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The service is not up to the mark with Citibank personal loan process. There was so much of delay. The customer support has collected my documents on time, but they haven't disbursed my loan amount within the promised time. The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 2.5/5 "Just OK"
      I have approached Bank bazaar for my personal loan . The process was very quick and hassle free but It would be great If they are not pushing customers. The customer service and responses was up to the mark . They did proper follow ups also. The website is really amazing . The options are really good useful. There is no run time or down time error faced so I would like to recommend.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken my personal loan with TATA CAPITAL 15 days back. The rate of interest was 11-12% which was bit higher than other banks. The customer service and responses was good so I would like to recommend to others.. The loan amount was 1.5 lakhs and I have provided door step service for the documentation collections also. I have no idea about the pre closer and part payment options. My overall experience was good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • HDFC Bank Personal Loan
      "Overall process is good"
      0.5 5.0/5 "Blown Away!"
      Since I am a existing customer of HDFC Bank. The process for the personal loan was very swift and easy. The customer services are good and the team is very much responsive. The documentation was minimal. The interest rate and charges was on the higher side at that moment.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Bank Bazaar Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      The website is very much useful at Bankbazaar and it was a good experience. The services are good, they explained all the details. But when I tried to reach them twice or thrice I had to wait long on phone to get connected and at times there was a delayed response.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Tata capital Personal Loan
      "Very good experience"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata Capital and it was a on time process and the rate of interest was around 12% and the processing charges was waived off. There were no hassles in the document collection too. Overall I had no issues in the after loan services.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has always been good as they contacted me and informed me the details. They also kept following up on a regular basis and tried as much as possible to sort out the issues with the bank. They done a great job. The website is also informative.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 13, 2017
    • HDFC Bank Personal Loan
      "Delayed process"
      0.5 4.0/5 "Great!"
      It was not a very good process with HDFC Bank for the personal loan. I needed a tenure of five years but I was given four years without any prior information. The bank has delayed a lot with the process and I got the loan only after one month. They could be more proactive.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "Good financial advisor"
      0.5 4.0/5 "Great!"
      Bank bazaar is a best website to get required financial products.customer support executives are good and fulfilled my requirements.I have browsed bank bazaar website 3-4 times Its really good, get multiple follow ups from the executives.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 13, 2017
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