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 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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 Paperless approval available
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% 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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    Customer Reviews
    12.99% - 12.99% 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
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    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
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    Perks
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    Fees & Charges
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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
    Rs.1,000 Amazon voucher free Paperless approval available
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    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
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    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
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    Perks
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    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 2740 Users

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    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 25 Nov 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

    • SBI Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from SBI and it was a quite a good loan experience. The loan amount was for Rs 3 lakhs with the rate of interest of 14.00% which is high when compared to all other banks. The process was quite long and it took 1 month for the loan to get approved. Customer service was good and they responded on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 23, 2017
    • ICICI Bank Personal Loan
      "Good. Can do better"
      0.5 3.0/5 "Satisfactory"
      ICICI Bank is overall good but can be better in the customer services. They can be more quick in the process. The rate of interest is normal and the processing charges is also normal. It was for a personal loan and the after loan services are good overall.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Can be more proactive in the services"
      0.5 3.0/5 "Satisfactory"
      HDFC Bank needs to be more proactive when it comes to the customer services. I have taken a personal loan and the rate of interest was of 11.99% and the processing charges are normal. They could be more quick in the process and the disbursement has to happen on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 21, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Indusind Bank is quite fast in the process for the personal loan. They stick to their commitments and they are professional in the process. The interest rate and processing charges are nominal and the after loan services are good too. No hassles overall.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 21, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The Citibank personal loan service was good and I got the required loan amount. I got the loan amount within a day time. My personal loan was pre approved. I never submitted any documents with Citibank, but they have approved the loan immediately. The customer support is excellent with Citibank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 21, 2017
    • Bank Bazaar Personal Loan
      "Personal Loan"
      0.5 5.0/5 "Blown Away!"
      It was first time when I am trying to get the top up against my loan but I never expected that it will be so easy bankbazaar. Really appreciate the job done by them, I saved lots of time and unusual documentation. they provide good services when compared to all other banking websites. The customer service from bankbazaar was good and their response was prompt. I am using the website, it is easy to use and is user friendly
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 20, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had a very good experience with bankbazaar so far, they provide good services when compared to all other banking websites. I know bankbazaar.com from last 6-7 months. Customer service of bankbazaar was best and their response was prompt, they were very helpful. The website was easy to navigate and it is user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 18, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Tata Capital, my loan application was closed because i was unable to provide proper documents. Customer service from Tata Capital was very good, they responded on time and also gave the correct information. The rate of interest was nominal when compared to other sources in the market.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The services are good at Bankbazaar and the process was fast and convenient. They were excellent in the communication and they were on time right the process. The website is also good and it is convenient for the customer to get the deals that are satisfactory.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 17, 2017
    • Kotak Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      Kotak Mahindra Bank is excellent in the personal loan process and they were on time as well and with minimum effort the money came in to my account. The rate of interest is a bit high. It was around 14% for the tenure of five years. I asked for 3 years though. The processing charges was waive off.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 17, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is good and the portal is informative. After applying I got a good service from the bank bazaar and banks. It is the first time, known this website through online search. The online portal was user friendly and flexible. Its recommendable to others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      There was a major delay on the documentation collection apart from this everything was fine. There is no much difference on the interest rate. I got 49K after the processing fee deduction. I would appreciate if it could be much better on process wise. The payment goes through ECS every month.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
    • IndusInd Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with Indusind Bank and the process to get this loan was good. They were quick and the disbursement was on time too. I am also comfortable with the rate of interest and processing charges. The after loan services is overall good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
    • Bank Bazaar Personal Loan
      "Immediate response"
      0.5 5.0/5 "Blown Away!"
      I have been using the bank bazaar website for past six months.They had reached me in a right time to share the financial product.They are very prompt in response and the website is very quick and easy to navigate anytime,no kind of error faced.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 11, 2017
    • Tata capital Personal Loan
      "Great responsiveness"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loan with TATA CAPITAL.The loan amount is 2 lakhs,rate of interest is nominal as compared to others.Customer service is not up to the mark initially when i applied because they had called me after a week post which they had called to get the reason for closing the application that's when they were very prompt and sent multiple alerts.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 11, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had recently visited the website of bank bazaar is quite interesting to browse the different financial products.I got attracted to the loan offer and applied through bank bazaar.The executives immediately responded to my queries and explained the product in detail.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 10, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had received a personal loan with TATA CAPITAL.The loan amount is two lakhs.Rate of interest is 12.75% the executives are much quick in responding and they had taken 3-4 days to complete the whole set of process.Net banking is very convenient and options are good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 10, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 3-4 years, the services provided by bankbazaar is good when compared to other banking websites. The customer service and their response was good and prompt. I am using the bankbazaar website, it is easy to navigate and it is user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 10, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from ICICI bank, my loan application was approved and the requested amount was disbursed. It was a good loan experience. The customer service was good, they provided door step service for the collection of documents. The process was very smooth and easy, it took 3-4 days for the loan to get approved. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 10, 2017
    • Bank Bazaar Personal Loan
      "Better website "
      0.5 4.0/5 "Great!"
      Bank bazaar is very quick and fast to process the request raised from the customers end.I have never interacted with the executives like bank bazaar,they give right information to the product.I have been using the site for past one month in a short time i liked the website so much.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 10, 2017
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