Personal Loan in Kolkata

Last Updated : Feb. 24, 2020, 2:21 p.m.

The city of Joy Kolkata is surrounded by numerous banks and other financial institutions where you can apply for a personal loan and fulfill your monetary needs. Here are some of the top banks offering affordable rates on personal loans exclusively to help the people of Kolkata get best deals.

Top Banks Offering Personal Loan in Kolkata

Personal Loan Interest Rates in Kolkata

Personal Loan Eligibility

The basic eligibility criteria for a personal loan is as follows:

Salaried

Age: 21-60 Years
Income: ₹1,44,000-1,80,000 p.a.
Overall Work Experience: 2-3 Years
Work Stability with Current Employer: 1 Year

Self-employed

Age: 24-65 Years
Income: ₹1,80,000-2,00,000 p.a.
Stability in the same Profession: 3 Years

Personal Loan Calculator

You can calculate the EMI on your personal loan using the – EMI calculator online . The calculations are based on a loan amount of ₹5 Lakh, taken for a tenure of 5 years at an interest rate of 11% per annum.

Documents Checklist

• Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
• Address Proof- Utility Bill/Passport/Aadhar card/Voter ID
• Income Proof- Latest Salary Slip/ ITR/Form 16
• Bank Statement- Last 3-6 Month Bank Statements

How to Apply for a Personal Loan in Kolkata?

It can be done in a few minutes online. All you need to do is visit the website of the lender you wish to apply at. Mention your personal and professional details in the loan application form and submit the same online. The details so submitted will be checked by the lender. It will give an in-principle approval if you are found to meet the eligibility criteria. Subsequently, an executive will come to your office or residence to collect your documents. The lender will verify again and approve the loan only when the details are authenticated successfully. However, if you are not comfortable applying online, you can visit the nearest branch with your documents and apply there.

About Personal Loan in Kolkata

A personal loan is the best option when you have a finance related emergency. Since this loan is generally unsecured, you can get instant approval and funds within 72 hours. The disbursal will happen later and, as and when that takes place, you’ll get both SMS and email intimation. While the SMS will give you a brief of the loan, the email will have extensive details of the same. The email will show the net loan disbursement post the processing fee, the tenure you are given to pay off the loan, the applicable rate of interest, etc.