Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Kolkata Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.00% - 17.99% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    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
    11.5% - 13.25% Fixed
    0 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
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  • Kolkata Personal Loan Reviews

    • Bank Bazaar Customer Support
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Excellent hassle-free experience, fully Satisfied and need less time. I definitely suggest my friends and family to opt this .Next time I will take Car loan also. Through this, I was able to spare time inspite of my busy schedule. Great Work god bless you all....
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Hassle Free journey"
      0.5 5.0/5 "Blown Away!"
      Today whilst applying for the personal loan had a great hassle Free and enjoyable experience. Great going , no doubt bankbazaar is such a wonderful site to apply for loan. Took minutes literally with help at every step Would definitely recommend this to all.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been really good and the overall the experience is nice. The website is good and it has clear information. It is helpful and I had no issues at all with this portal. It is easy to access and understand. The portal is surely recommendable.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • ICICI Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I have not taken the personal loan with ICICI Bank because I did not require the same. The customer services was good and on time. I am a existing customer and have used their services earlier for a loan. The interest rate and charges are also normal.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The task was completed within Turn Around Time by bank bazaar. I got to know about bankbazaar through web search. I am with bank bazaar for past 1 year. I have applied personal loan through bank bazaar web site which is easy to use and user friendly. The bank bazaar customer service is good and very supportive. I am satisfied with bank bazaar customer service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Tata capital Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      The processING timE taken was more than 7 days BY TATA CAPITAL. The disbursement took place within 7 days of time. The documents were collected from the TATA CAPITAL executive on the assigned date and time. They came to my place and collected the required documents. I am happy about the loan amount. The rate of interest is nominal with TATA CAPITAL. I am very much satisfied with Tata capital service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      I had a good experience with bankbazaar. When I approached them for the loan, they responded well and provided a good service. I received followup calls and notifications from them. They have good website which is easy to navigate. I had no issues with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Standard Chartered Bank Personal Loan
      "High Interest Rate"
      0.5 4.0/5 "Great!"
      Standard Chartered bank was good in response when I approached them for the personal loan. But at that time I had received lower rate of interest with some other bank, hence I did not take the loan from SCB. Interest rate is little higher with SCB.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar website is easy to handle. There are no suggestions for bankbazaar because they had delivered good service. The response was bit delayed but then the people from bankbazaar was good in processing my application. Overall it is good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 19, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had applied for the personal loan with HDFC bank. On my application, I got very good response from the bank, even they immediately contacted me but the drawback is they had contacted me from different location and I am staying in different location so I could not move further for my loan process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 19, 2017
    • Bank Bazaar Customer Support
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      I got the very first product through bank bazaar financial portal. I came to know about bank bazaar through bank bazaar web search . I had applied for the Personal loan through bank bazaar web portal, which is easy to use and user friendly. Bank bazaar service is very much satisfactory to me.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 17, 2017
    • ICICI Bank Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank took the maximum turn around time of 9 to 10 days to disburse my personal loan, because of some documentation issues from my side and after submitting the proper documents the loan got approved within 2 days of time. I am happy about the loan amount. The rate of interest is nominal with ICICI bank. They had charges Rs.1700 as a processing fee .
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 17, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar processed my application and properly forwarded it to the bank in regards to proceed with the loan process. I am quite happy with bankbazaar services. Their followups are good and no issues. The website is very easy to navigate.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 16, 2017
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had taken the personal loan from State bank of India with an interest rate of 14.1% with no processing fee. The loan process was good with SBI and they promptly done with the loan and disbursed it without any hassles. I do hold salary account with the same bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 16, 2017
    • Bank Bazaar Customer Support
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar services are very much satisfactory. I had received good response and proper service from them on the loan application which has been submitted on the website. The responses are good and they promptly forwarded my application to the bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 16, 2017
    • Tata capital Personal Loan
      "High Interest Rate"
      0.5 3.0/5 "Satisfactory"
      Tata capital provided an amazing response when I submitted my personal loan application with them. They promptly contacted me with respect to my application and provided the details in regards to the loan. But the interest rate is very high with them so, I just closed my application.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 16, 2017
    • Bank Bazaar Customer Support
      "Prompt service"
      0.5 5.0/5 "Blown Away!"
      Services are good with bankbazaar. I had received proper response and good service from them for my loan application. I had no challenges with then during the loan process. The website is easy to handle and it is good to know about the bank details.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 15, 2017
    • Standard Chartered Bank Personal Loan
      "Delayed Response"
      0.5 3.0/5 "Satisfactory"
      On my loan application, I had received a call from Standard Chartered Bank but that time the loan requirement was not there. Because they were not contacted me on time, they were delayed about two weeks. Hence I told them to close the application.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 15, 2017
    • Bank Bazaar Customer Support
      "Good financial advisor"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar gave fast response on the personal loan process, I have been using their site around two years, I normally browse through the site for car loan, home loan and new financial updates and it is all useful. Bank Bazaar guided on the right product, I appreciate their support and it is really great.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 15, 2017
    • Citibank Personal Loan
      "Customer friendly service"
      0.5 5.0/5 "Blown Away!"
      I am happy with the Citi bank because they had completed the process very fast. They had taken only three to four days of time to disburse the loan, I had taken the amount of Rs. 10 lakhs for the tenure of five years. CITI gave me the interest rate around 12% and with some reasonable processing fee too.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 15, 2017
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    Kolkata Personal Loan is Rated as "Great!" by 2424 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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 23 Jun 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

    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
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