A personal loan is one of the quick and easiest ways to access funds in sudden financial emergencies. The qualified customer can avail the personal loan in Kolkata from top banks and NBFCs without any need of mortgage and guarantor as securities on any purpose including travel, marriage expenses, medical emergencies, debt consolidation, credit card bill payments, home renovation and so on.
Kolkata formerly known as Calcutta is the capital city of West Bengal. It is the third-most populous metropolitan city in India. Calcutta the city Joy is the home of large industrial conglomerates such as Britannia, Exide, ITC, Coal India and National Insurance Company. Since 19th century Kolkata riverine port which is one of the oldest operating ports in India is the main commercial hub for East and North-East India. With a rich cultural history, tourism and growth in IT infrastructure many leading banks and NBFCs provide various services in personal financing to every part of the city.
Personal Loans Providers in Kolkata
Personal Loan in Kolkata : Eligibility Criteria
- Employment Type – Salaried/Self-employed professionals/non-professionals.
- Employment Status – Employed/In-business for at least 2 yrs, at least 1 yr with current employer/business.
- Income – Minimum 15k net income per month.
- Loan Amount – 50,00 to 50 Lakhs.
- Age limit – 21 to 60 years.
- Good CIBIL score: 350 to 900.
Interest Rates of Leading Banks and NBFC in Kolkata
|Banks & Financial Institutions||Interest Rates||Processing Fee (Does not include GST)|
|Axis Bank||11.25% - 24.00%||1.5% - 2.0%|
|Bajaj Financial Services||11.99% - 15.50%||2.25% - 3%|
|Bank of Baroda||11.60% - 16.60%||2% (Min Rs. 250)|
|Bank of Maharashtra||15.10% - 15.10%||1.00% (Min. Rs. 1000)|
|Canara Bank||13.65% - 13.65%||1.00% - 2.5%|
|Citi Bank||10.99% - 16.49%||2% - 3%|
|Corporation Bank||12.75% - 13.75%||1.5% (Min Rs. 500)|
|Dena Bank||13.00% - 14.00%||1.00% - 2.5%|
|Federal Bank||13.32% - 15.12%||0.5% - 1%|
|HDFC Bank||10.99% - 20.00%||Rs. 1,000 - Rs. 30,000|
|ICICI Bank||10.99% - 22.00%||Up to 2.25%|
|IDBI Bank||13.20% - 13.75%||1% - 2%|
|IDFC Bank||11.00% - 19.50%||2% - 2.5%|
|IndusInd Bank||11.99% - 23.00%||Up to 2.50%|
|Kotak Bank||11.50% - 24.00%||Up to 2.50%|
|Punjab National Bank||12.25% - 15.25%||1% - 2%|
|RBL Bank||13.99% - 16.00%||Up to 2%|
|Standard Chartered Bank||11.49% - 20.00%||1% - 2%|
|State Bank of India||12.50% - 16.60%||2% - 3%|
|Syndicate Bank||14.20% - 14.20%||0.5% (Min Rs. 500)|
|Tata||11.99% - 18.00%||0.02|
|Union Bank of India||14.40% - 14.40%||0.50% (Min Rs. 500)|
|Vijaya Bank||12.50% - 13.50%||0.25% (Max Rs. 10000)|
|Yes Bank||11.99% - 20.00%||1.5% - 2.0%|
How to Apply for Personal Loan in Kolkata
Many leading Banks and NBFCs started simple online application or inquiry form on their website to make it customer friendly. After submitting application form applicant will receive email or phone call by a representative to verify applicant’s documents and details present on the application form for loan submission. Based on eligibility and requested amount, anyone can avail the personal loan in less than one business day. Before applying for a personal loan take a look at the basic eligibility criteria and required documents.