Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Kolkata Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.49% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    11.50% - 17.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Perks
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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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    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
    What you'll love
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    Perks
    Fees & Charges
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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 18.25% 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 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
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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.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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    Eligibility Criteria
    Customer Reviews
    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 2935 Users

    Fees & Charges

    Promised Interest Rate

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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 16 Jul 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

    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It had been a very good experience i had with them in taking this personal loan where the process in getting the loan had been easy and smooth where the loan amount also had been satisfactory. The interest rate had been good with them where it was not much higher. There has not been any hassle so far.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 12, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken this loan from them in the year of 2015 and the process in getting the loan had been easy and smooth. The loan amount which they had provided had been satisfactory but the interest rate with them had been on the higher end but it has not been a problem.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Axis Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I had taken this loan a very long time back and it had been closed in the year of 2016, the process in getting the loan had been good and the loan amount which they had provided had been satisfactory. The interest rate with them also had been good, but during the time of closing the loan there has been some delay made from their side.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very good and the staff responses had been very good. The interest rate with them had been less when compared with the other banks in the market. The loan amount which they had provided also had been good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • HDFC Bank Personal Loan
      "Average"
      0.5 2.5/5 "Just OK"
      I have approached HDFC bank for a personal loan. My application was rejected since had the credit card settlement here . I was planning to taken 2 lakhs loan amount and the interest rate was also good. The customer service and responses was not satisfactory
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with bankbazaar was good so far, the services provided by bankbazaar is good when compared to others in the market. Customer service was good and they responded on time. I am using mobile application from 1 year, it is easy to access and is user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2018
    • ICICI Bank Personal Loan
      "Needs to improve on customer service"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from ICICI bank, my loan application was closed because there was no proper response from the customer service of ICICI bank. They collected documents but after that there was no follow up done. The rate of interest was little high when compared to others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 4-5 years, my experience was good so far with bankbazaar. The services provided by bankbazaar is good when compared to others. Customer service was good and they responded on time. Mobile application of bankbazaar is easy to access and is user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2018
    • United Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal from the United Bank Of India for 3 Lacs, it was a very good loan experience as the interest rate was very low and I am paying an EMI of 6000 per month. I never faced any issues with their services so far and it has been a hassle free loan experience.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 05, 2018
    • Bajaj Finserv Personal Loan
      "The interest rate is high"
      0.5 2.0/5 "Expected more"
      I've taken a personal loan from the Bajaj Finserv for 513000, the loan process was easy and hassle free. But the interest rate was very high with them. I am paying the EMI of 12000 per month. Overall they need to lower the interest rate considering the personal loan.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 05, 2018
    • RBL Bank Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I took a personal loan from the RBL bank 1.10 lacs for three years, the application was really easy. I got the loan with in 3 days. I applied for the loan via the Mobile App and the interest rate was also high. Overall it has been an average service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have been taking the services of this on line tool since more than 1 year, and I have experienced good customer service from them. I like how the process takes place and with the proper guidance you end choosing the right product. It was quick and hassle free process, hence I am completely satisfied with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have a personal loan taken from IndusInd Bank, the over all process took 7 days which is OK. I am quite satisfied with how the process took place, hey provided good customer service and help. The rate of interest they have charged is also fine. I am satisfied with the loan process that took place from IndusInd bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 29, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with AXIS bank, the loan amount was for Rs 1.20 lakhs with high interest rate of 16%. The process was smooth and i received my loan amount on time. Customer service was good with AXIS bank and the tenure period for this loan is 3 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 29, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with bankbazaar so far, they provide good services when compared to other sources. Customer service was good with bankbazaar and they responded on time. I am using the mobile application of bankbazaar from last 2 years, it is easy to access and is user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 28, 2018
    • Fullerton Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      My personal loan was approved with Fullerton and the experience was good, the process took 2 weeks to complete. The loan amount was sufficient and the rate of interest was quite high. Customer service was good and they followed up on time. The tenure for this loan is for 5 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 28, 2018
    • Bank Bazaar Personal Loan
      "Easy to search the options"
      0.5 4.0/5 "Great!"
      I did not get a chance to talk with the customer care executive. This is the 2nd time i have been using bankbazaar website. I just check different kind of option in bankbazaar. I come to know bankbazaar through online search. Pretty nice to have the options which is provided by bankbazaar.com.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 28, 2018
    • HDFC Bank Personal Loan
      "Quite hassle free smooth process"
      0.5 4.0/5 "Great!"
      It was delay a bit to sanctioned the loan. The interest rates and all fine. They have offered me a interest rate of 11.25%. I don't have an idea about the processing fee. I have applied the loan amount of Rs. 7 lakhs. They have approved and they have deducted the processing fee and insurance. I used to pay the EMI of 15227. I have to pay this EMI for 5 years. I don't face any issue while taking this loan
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 28, 2018
    • Bank Bazaar Personal Loan
      "Good and easy to use"
      0.5 5.0/5 "Blown Away!"
      The best part is the app is quite vantage. It is easy to handle. This is my 1st month. I have started using the app for past 1 month. I never visited the website. The customer care service was good. I can apply the loan at anytime without any issues. They are providing some best offers also
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 27, 2018
    • HDFC Bank Personal Loan
      "Personal loan is a steramline and user friendly in HDFC"
      0.5 5.0/5 "Blown Away!"
      I have got my loan times. I have sent all my online even though i have submitted the documents again to the collection executive. I have applied a loan amount of Rs. 5 lakhs for that they have provided 10.99% interest which is very nominal. I don't remember about the processing fee
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 27, 2018
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