Apply for Personal Loan in Kolkata

50,000
40,00,000
0
5,00,000
0
3,00,000

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Bank Interest Rate EMI
HDFC Bank 11.49% - 19.50%

(fixed)

2,199 - 2,622

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 Year lock in
  • 4% fee if closed after 1 year. Can be 0% if booked under golden edge program
  • 3% fee if closed after 2 years
  • 2% fee if closed after 3 years
  • 0% thereafter

Part-Payment Option

Not available

ICICI Bank 11.49% - 17.85%

(fixed)

2,199 - 2,531

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter. 0% if loan amount >10 lacs

Part-Payment Option

Not available

Axis Bank 13.50% - 24.00%

(fixed)

2,301 - 2,877

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 0% after the 1st EMI

Part-Payment Option

Possible after 1st EMI. Minimum part payment to be 1 EMI's. Part payment allowed 6 times in a year.

Citi Bank 11.99% - 15.75%

(fixed)

2,224 - 2,419

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 0.5%-2% fee thereafter

Part-Payment Option

Possible after 12th EMI. Minimum part payment to be 2 EMI's and max 5 EMI's. Allowed only once a year.

IndusInd Bank 11.99% - 14.75%

(fixed)

2,224 - 2,366

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

Standard Chartered Bank 11.99% - 14.50%

(fixed)

2,224 - 2,353

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 0% thereafter

Part-Payment Option

Not available

Kotak Mahindra Bank 13.00% - 18.00%

(fixed)

2,275 - 2,539

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

Bajaj Finance 13.00% - 18.00%

(fixed)

2,275 - 2,539

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 0% after the 1st EMI

Part-Payment Option

Possible after 1st EMI. Minimum part payment to be 3 EMI’s. Part payment allowed 6 times in a year

Capital First 13.00% - 20.00%

(fixed)

2,275 - 2,649

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

Tata Capital 13.50% - 17.00%

(fixed)

2,301 - 2,485

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

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Tips

Rate of interest is high?

- Try applying for a higher loan amount as most banks reduce interest rates as loan amount increases.

Not getting the desired loan amount

- Try adding the income of a co-applicant like a working spouse

Not getting the desired loan amount?

- Finance Buddha can try to do a debt consolidation/balance transfer to increase eligibility

Personal Loan in Kolkata

It is essential to be aware of what purposes a personal loan can be availed. Without valid reasons, a personal loan application will not be approved. For purposes like house renovation, education, maternity expenditure, vacation, automobile etc. personal loan is the best option. You can choose suitable interest rates and payment plan from the options available in the banks. The main two types of personal loans available in India are secured loans and unsecured loans.

The first one is where there is a need for guarantee or security against the sum borrowed like a fixed or movable asset. In case of default of the loan amount, ownership of the security will be taken over by the bank. The latter does not require any security, but the lender will charge a high rate of interest on the money borrowed. In case of default, the lender will seek legal assistance for the loss incurred.

How Finance Buddha can help you get a Personal Loan in Kolkata?

Stop hesitating and try our platform, we guarantee that you will be happy with the range of information and assistance provided by us. Take the first step now if you are still wondering how to get a personal loan in Kolkata easily. Here you can simply upload your requirements and check if you’re meeting the eligibility factor. Post which select the best bank that offers best featured loan and apply for the same. Bank officials will then contact you and give instructions to take the request forward.

 

Personal Loan Eligibility Criteria in Kolkata

Unless the applicant meets the below eligibility criteria it is not possible to get a loan approved from any bank in Kolkata. However, to a certain extent the bank branch manager can make decision if the income and credit rating of the applicant is exceptionally high.

  1. Age of the applicant should be between 21-60 Years
  2. Salaried individual with minimum income of Rs 30,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a startup.
  3. Should be staying in the city for at least 1 Year
  4. Total work experience should be at least 2 Years
  5. You would require basic documentation such as your address proof, identity proof, latest bank statements etc.

 

Personal Loan Documents Required in Kolkata

  1. Three passport size photographs
  2. Proof of Identity: Passport/voter ID/ Aadhar or drivers licence
  3. Proof of Address: Passport/ Landline bill/ postpaid mobile bill/ rental agreement or Bank Statement
  4. Age Proof: Passport/ drivers licence/school certificate or Pan Card copy
  5. Income Proof: Latest 3 months’ salary slips/ 6 months bank statements
  6. Job Stability & Continuity: Offer Letter, Relieving Letter and Form 16

Documents required for Salaried Individuals:

  1. Application form and your latest photograph (2)
  2. Proof of Identity: Copy of passport/voter ID card/driving license/PAN cards
  3. Proof of Address: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport
  4. House ownership Proof: Property Documents/Maintenance Bill/Electricity Bil
  5. Bank Statement: Last 3 months bank statement
  6. Income Proof: Salary slip for last 3 months/ current dated salary certificate with the latest Form 16
  7. Investment Proof (if any): Please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.
  8. Existing EMI: If any existing loan, please submit sanction letter, Payment Track Record.

Documents required for Self-Employed Individuals:

  1. Application form and your latest photograph (2)
  2. Proof of Identity: Copy of passport/voter ID card/driving license/PAN card
  3. Proof of Address: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport
  4. House Ownership Proof: Property Documents/Maintenance Bill/Electricity Bill
  5. Office Address Proof: Maintenance Bill, Utility Bill
  6. Business Existence Proof: Saral Copy for 3 yrs, Shop Establishment Act, Any Tax Registration Copy, Company Registration license
  7. Income Proof: Latest 2 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  8. Bank Statement: Latest 1 year bank statement both current and savings.
  9. Investment Proof (if any): please submit if any investments like, Fixed Deposit, Shares, Fixed Assets, etc.
  10. Existing EMI: If any existing loan, please submit sanction letter, Payment Track Record.

Personal Loan Interest Rates, Fees & Charges in Kolkata

Apart from interest rates, the other main factor to be considered before applying for a personal loan in processing fees, pre-payment charges and other similar charges.  This list has necessary information of the same for personal loan in Kolkata.

In case if you would like to compare the interest rates of various banks that offer personal loan in Jaipur, then this chart is the best.  This gives the direct comparison of the interest rates for personal loan with various banks of Kolkata.

Irrespective of which bank you are applying loan, these are the common types of charges and fees that every applicant will have to incur.

Personal Loan Kolkata details:

Interest Rates

11.49% – 26.00%

Processing Fees

0.99% – 3.00%

Pre-payment Charges

Nil – 5.00%

Repayment Period

Upto 7 years

CIBIL Score

Min. 750

Lowest EMI

Rs. 2199.26 per lac

 

Personal Loan Interest Rates 2017
Bank Interest Rates
HDFC Bank

11.49 - 19.50%

ICICI Bank

11.49 - 17.99%

Bajaj Finserv

11.49%

Fullerton India

21.00 - 32.00%

Kotak Mahindra Bank

11.50 - 20.00%

IndusInd Bank

12.99 - 17.00%

Standard Chartered Bank

11.99 - 15.00%

 

Processing Fees / Prepayment Charges
Bank

Processing Fee

Pre-payment charges

Bajaj Finserv

2 - 2.5%

Nil

ICICI Bank

0.8% - 2.00%

Zero or 5.00%

Axis Bank

2.00%

Nil

Kotak Mahindra Bank

1.5 - 2.00%

5.00%

HDFC Bank

0.8% - 2.00%

4.00%

Fullerton India

N.A

4.00%

 

Frequently Asked Questions