Best Banks for Personal Loan in Kolkata
1% - 2.5% of the Loan Amt
Personal Loan Kolkata Features
Interest Rate
Processing Fees
0.5-2.5%
Loan Tenure
Pre-closure Charges
2% - 5%
Guarantor Requirement
Are you running short on cash? Do not worry. A personal loan is available for you. This loan is unsecured with minimal documentation and less paperwork. This loan can get approved within 48 hours after the verification process.
Personal Loan Kolkata is an unsecured loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan, the applicant needs to have a rigid and good income source and has a good credit history.
Furthermore, there is no end-use restriction on the use of the personal loan amount. Therefore, you can use this loan amount anywhere you want to do.
Personal Loan Kolkata Interest Rates – Oct 08 2024
The interest rates in a Personal Loan depend on the company’s profile and a person’s salary. The interest rate of personal Loan starts @10.75% per annum.
Name of the Bank
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure
Private 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
10.99% to 24% p.a.
Up to 2.5% of the loan amount along with GST or service tax
Rs.50,000 to Rs.15 lakh
1 to 5 Years
Fullerton India
11.99% to 23.99 p.a.
Information not provided.
Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals
1 to 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
Information not provided
1.06% of loan amount
Information not provided.
1 to 5 Years
Yes Bank
14% p.a.
Up to 2% (One-time fee)
Rs.2 lakh to Rs.20 lakh
1 to 5 Years
Corporation Bank
12.75% to 13.75% p.a.
Up to 1.5% Minimum amount of Rs.500
Up to Rs.3.50 lakh
Up to 5 Years
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Kolkata Fees & Charges – Oct 08 2024
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
IIFL Personal Loan
Nil
Nil
Muthoot Personal Loan
Nil
Nil
Manappauram Personal Loan
Nil
Nil
PNB Personal Loan
0.70% to 1%
Nil
Canara Bank Personal Loan
0.01
Nil
Andhra Bank Personal Loan
Nil
Nil
Documents required for Personal Loan in Kolkata
Salaried individuals must submit the following documents in addition to a completed personal loan application form: Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form: When applying for a personal loan, NRI candidates are typically required to submit the following documents: When applying for a personal loan, a pensioner must submit the following documents: Know More About: Personal Loan Eligibility CriteriaList of Documents Required for Salaried Applicants
Photo Identity Proof (Any one)
Passport
PAN Card
Voter’s ID
Aadhar Card
Driving License
Address Proof (Any one)
Utility Bill (telephone, electricity, water, gas) – less than 2 months old
Aadhaar Card
Driving License
Ration Card
Income Proof
Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one
Form 16
Residence Ownership Proof (Any one)
Maintenance bill
Electricity bill
Proof of Job Continuity (Any one)
Current job appointment letter (if more than 2 years have been spent in the same organisation)
Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)
Existing Loans (if any)
Photograph
List of Documents Required for Self-employed Applicants
Photo Identity Proof (Any one)
Passport
PAN Card
Voter’s ID
Aadhaar Card
Driving License
Address Proof (Any one)
Aadhaar Card
Driving License
Utility Bill (telephone, water, electricity, gas) – less than 2 months old
Ration Card
Proof of Residence Ownership (Any one)
Maintenance bill
Electricity bill
Proof of Office Address and Ownership (Any one)
Property documents
Electricity bill
Proof of Business Existence (Any one)
Company registration license
Shop establishment proof
Income Proof
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement
Proof of Investment (in case any)
Existing Loans (in case any)
Professional Degree Certificate
Photograph
List of Documents Required for NRI Applicants
Identity Proof
Copy of the passport
Copy of the visa
Employment Proof
Letter of Appointment
Job contract
Labour/ Identity card (if applicable)
Official email ID or the HR’s email ID
Income Proof
Last 6 months’ bank statements
Last 6 months’ salary slips or salary certificate
Photograph
Passport size photographs
List of Documents Required for Pensioners
Identity/Age Proof (Any one)
Passport
PAN card
Aadhar card
Voter ID card
Driving licence
Birth certificate
School leaving certificate
Address Proof (Any one)
Passport
Aadhaar card
Utility bills
Ration card
Driving licence
Income Proof (Any one)
Bank passbook
Form 16
Copy of pension payment order
Income tax returns
Photographs
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Kolkata Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed are different:
*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000 Click here to know more about - Salaried Applicant *Note: The eligibility criteria vary from lender to lender. *Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Particulars
Salaried
Self-Employed
Age
21 - 60 years
21 - 65 years
Minimum Income
Rs.15,000*
Rs.5 Lakh p.a.
Co-applicant
Not mandatory
Not mandatory
Loan Tenure
12 – 60 months
12 – 60 months
Maximum Loan Amount
Rs.40 Lakh
Rs.40 Lakh
Employment Type
Employees of private limited companies and public sector undertakings
Employment/Business Continuity
At least 2 years; minimum 1 year with current employer
5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score
750 and above
750 and above
Residential Status
Click here to know more about - Self-employed ApplicantCheck Personal Loan Eligibility with Top Lenders in 2021
Bank
Age Limit
Minimum Work Experience
SBI
Up to 76 years
NA**
Rs.15,000
HDFC
21 to 60 years
2 years
Rs. 20,000
Private
23 to 58 years
2 to 5 years
Rs.17,500
Axis
21 to 60 years
NA**
Rs.15,000
Kotak Mahindra
22 to 55 years
1 year
Rs.25,000
Tata Capital
21 to 58 years
1 year
Rs.15,000
IndusInd
21 to 60 years
2 to 5 years
Rs.25,000
Ujjivan Small Finance
22 to 58 years
NA**
India Infoline Finance Limited
25 to 60 years
6 months to 2 years
Rs.35,000
HDBFS
21 to 65 years
1 year to 3 years
Rs.1 lakh p.a. for self-employed
Indian Overseas Bank
Up to 58 years
NA*
Rs.5,000
IDFC First Bank
23 to 68 years
3 years
NA*
Federal Bank
21 - 55 Years
3 years
Rs.25,000
Punjab National Bank
21 – 58 years
2 years for doctors
Rs.15,000
Andhra Bank
21 - 55 years
NA**
NA*
Canara Bank
NA**
NA**
Self-employed - Rs. 1.5 lakh
IDBI Bank
Up to 75 years for Pensioners
NA**
Rs.1.5 lakh p.a.
Fullerton India
21 to 55 years
1 to 2 years
Rs.15,000
RBL Bank
25 to 60 years
1 to 3 years
Rs.25,000
Bank of Baroda
21 to 60 years
1 year to 2 years
Deutsche Bank
25 to 60 years
NA**
Rs.25,000
Karnataka Bank
NA**
3 years
NA*
United Bank of India
up to 75 Years
2 years
NA*
UCO Bank
21 to 65 years
1 year to 5 years
Rs.20,000
Learn More about Personal Loan: Click Here
PERSONAL LOAN
Interest Rate 9.99%
Salaried Applicants:
- The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
- The applicants must have work experience of three years. And the salary should be received in their accounts only.
- The applicants must have an excellent credit history.
- The job location of the applicant should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month.
Click here to know more about-
Self-Employed Applicants:
- The minimum age requirement for an independent person should be 25 years.
- The applicants applying for the personal loan should file ITR for the last three years.
- If the applicants are the businessman, then the business should be running from the past three years.
- The individual applicants’ credit score should be good .there should not be any debt or dues left.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The whole documentation process of the personal loan is the applicants have to submit his financial and bank statements of the previous three months.
Click here to know more – Self-employed Applicant
Why Apply for Personal Loan Kolkata?
- There is no need to deposit any mortgage and collateral security to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
- The amount of a personal loan depends upon the repayment of individual income and capacity.
- A Personal Loan does not require any guarantor or nominee.
How to apply for Personal Loan Kolkata?
- Visit Dialabank.
- Go to the loan section and click on the personal loan link.
- The applicant will be directed to all personal loan details where they can choose their preferred city.
- For more information and free guidance, you may call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Kolkata
Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges are 1% of the sanctioned loan amount.
If you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Post that, the charges vary depending on how many years the loan has been done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the loan’s 4th year.
Personal Loan EMI Calculator Kolkata
You can use a personal loan EMI calculator to calculate EMIs. Equated Monthly Installments, also known as EMI, are the monthly fixed charges you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on your loan is determined. Your EMI is calculated basis the personal loan Interest Rate you are charged by the bank and the amount of loan you have to take, and the period for which you enjoy the loan.
CIBIL Score required for Personal Loan Kolkata
Every lending institution has criteria for the minimum CIBIL score required for processing a Personal Loan application in Kolkata. However, most institutions require a minimum score of 750 to process your loan application.
The institutions don’t just look at the overall score and the detailed behaviour on the previous loans. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing of a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Kolkata Agents/Broker
Dialabank is the leading agent for availing Personal Loan in Kolkata. You can apply online or give a call at 9878981166
Dialabank helps you find the best option for Banks and NBFCs by providing you with a detailed market comparison of different banks to make the right choice. Visit our website www.dialabank.com and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.
Personal Loan Kolkata Contact Number
Call 9878981166 and get instant help and approval for a Personal Loan in Kolkata.
Pre Calculated EMI Table for Personal Loan Kolkata
About Kolkata
Kolkata, also known as Calcutta, is the capital of the Indian state of West Bengal. According to the 2011 Indian census, it is the seventh most populous city in India; it had a population of 4.5 million. The suburb population brought 14.1 million, making it the third-most populous metropolitan area in India.
FAQs About Personal Loan Kolkata
✅ Who can apply for a Personal Loan in Kolkata?
People who urgently need cash and have a regular income source (from employment or business) can apply for a Personal Loan in Kolkata.
✅ What is the tenure of a Personal Loan in Kolkata?
Most banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. Some Banks extend the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly instalments within the agreed tenure of the loan.
✅Are there any other charges involved in Personal Loan Kolkata?
Yes, there are two types of charges that one needs to pay to avail of a personal loan in Kolkata:
Processing Fee: Every bank or lending institution you borrow from charges a small fee from the customer, also known as Processing Fee. The processing fee varies for each lending institution and usually is 1% of the loan amount.
Pre-closure Charges: If you want to close a loan before its agreed tenure period, the Banks and NBFCs charge an amount known as pre-closure charges on the borrowed loan. Different banks have different pre-closure charges. The pre-closure charges can vary depending on how many years your loan has been completed before you decide to pre-close it.
✅Can my application for Personal Loan Kolkata get rejected due to my CIBIL score?
Since a Personal Loan is an unsecured loan, one of the most important decision criteria for getting your Personal Loan application approved is your CIBIL score. Having a High CIBIL score becomes extremely important if you wish to avail of a Personal Loan in the future. Make sure you don’t skip any of your loan EMI payments or credit card payments to decrease your CIBIL score. Most of the Personal Loan applications got rejected due to a low CIBIL Score.