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 loan 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.

Navi Personal Loan @9.99% p.a

Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.99% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.

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