Personal Loan in Kolkata

Personal loans are a great tool to fund your immediate financial needs. You can easily avail of online personal loan in Kolkata of amount up to Rs. 40 lakhs at 10.49% p.a. onwards rates of interest. The processing time is fast and you require minimum documentation.


Best Personal Loans Banks in Kolkata

If you are looking for a personal loan finance company Kolkata, below are some of the best options:

Bank/ NBFCLoan AmountInterest Rate (p.a)TenurePrepayment ChargesProcessing Charges
HDFC BankRs. 50,000 - Rs. 40 lakhs10.50% - 21%1 - 5 years2% - 5% Up to 2.5% 
ICICI BankRs. 50,000 - Rs. 25 lakhs10.50% - 19%1 - 6 years5% Up to 2.50% + GST
Kotak Mahindra BankRs. 50,000 - Rs. 20 lakhs10.50% onwards1 - 5 years3% - 5% Up to 2.50% + GST & other levies
Bajaj FinservUp to Rs. 25 lakhs13% onwards1 - 5 years4% Up to 4.15% + taxes
IDFC First BankUp to Rs. 40 lakhs10.49% onwards1 - 5 yearsUp to 5% Up to 2.50% + GST
Yes BankRs. 1 lakh - Rs. 40 lakhs10.99% onwards1 - 5 years4% Up to 2.50% + taxes
Tata CapitalRs. 75,000 - Rs. 25 lakhs10.50% - 24%1 - 6 years4.5% + GST Up to 2.75% + GST

Personal Loan Kolkata Features & Benefits

  • Instant approval, processing and disbursal on personal loan in Kolkata.
  • They are multipurpose loans.
  • No collateral or security required to be pledged.
  • You can apply with a secured loan provider as well as an unsecured loan provider in Kolkata.
  • It takes just a few days (a few hours sometimes) to get a personal loan transferred to your bank account.
  • You can avail of a high loan amount up to Rs. 40 lakhs 
  • The borrowed amount can be repaid within 1 to 6 years of tenure.
  • You can avail of a personal loan from NBFC in Kolkata or from a bank.

Eligibility Criteria for Personal Loans in Kolkata

  • You should be an Indian resident, residing in Kolkata.
  • You can either be a salaried employee or a self-employed person with a regular and steady source of income to get the best private finance in Kolkata.  
  • Your age should be at least 21 years (if salaried) and 25 years (if self-employed) when applying for the loan.
  • You should not be older than 60 years at loan maturity. The maximum age requirement for self-employed is 65 years.
  • For self-employed, most money lenders in Kolkata require the minimum annual turnover of Rs. 15 lakhs and the minimum Profit After Tax (PAT) should be Rs. 2 lakhs as per audited financials.
  • Your monthly income should be at least Rs. 25,000 (if salaried) when applying for a personal loan. 
  • For salaried applicants, a minimum work experience of 1 year is must, with 6 months served with the current employer. Self-employed applicants should be in the current profession for a minimum of 3 years.
  • If you need personal loan in Kolkata, your minimum credit score should be 750 or above.

Document Required for Applying Personal Loan in Kolkata

To apply for a personal loan at private finance companies in Kolkata, you must submit the following documents:

  • 2 passport-size photographs.
  • Aadhaar Card, Passport, Driving License, Voter ID, or PAN Card (any one) as identity proof.
  • Leave & License Agreement, Postpaid Mobile Bills, Electricity Bills, Gas Bills, Passport (any one) as residence proof.
  • Bank statements of salary account for the last 3 months if salaried and savings/current account statements of last 6 months if self-employed.
  • Salary slips of the past 2 months.
  • Last 2 years’ audited financials, proof of business continuity, office address proof and office ownership proof (for self-employed).

How Do I Get a Personal Loan with the Lowest Interest Rate in Kolkata?

Below are the tips to get the lowest interest rate on personal loans from private money lenders in Kolkata or from banks: 

  • Do your research to know who is the best loan agent in Kolkata.
  • Check different offers and compare their interest rates, charges, tenure, loan amount and other features.
  • Apply with a co-applicant with high income and excellent credit score.
  • When looking for a personal loan in Kolkata from private lender, look for the lender who charges zero processing fee.
  • Get a loan against collateral (if you have any.
  • Opt for a shorter tenure to reduce the overall interest cost.
  • Lower your credit utilization and debt-to-income ratio.
  • Improve your credit score.

How to Apply for a Loan in Kolkata?

  • Access our official website and select "Personal Loan" under the Loans tab.
  • Log in by entering all the required details.
  • Verify your details with the OTP received on your registered mobile number.
  • Enter your employment and income details.
  • Enter further details and click on the “Submit and View Offers” button.
  • Select the desired lender and click on the Econnect button.
  • Our personal loan team will get in touch with you to complete the process.

Looking for Best Personal Loan Offer?

Fill the form by clicking on Apply Now Button and compare latest Interest Rate of all Banks/NFBCs for Instant and Quick Personal Loan Disbursal.

View and improve your credit score - for free.

Know how good your score is

Get insights on how to improve it

Unlock offers as per your score

chart_15f235bf64 (1).svg