India’s first metro city, Kolkata, is a home for more than 15 million people. Such a huge population paves the way to rising demand for financial services, especially, for Personal loans in Kolkata . A personal loan can lend a helping hand in any financial emergency. It can be used for a deposit for a rental apartment, an investment in a vehicle , or any other urgent but necessary expense.
Take a look at the eligibility criteria, interest rates and charges, and top lenders in Kolkata, to find out how you can get an online personal loan in Kolkata.
An Instant Cash Loan is a quick fix for any financial emergencies. To avail an easy personal loan in Kolkata, explore different lenders that offer instant personal loan. These loans provide fast financial support to meet urgent necessities, and are usually approved in a matter of time between a few minutes to a few hours. Check out all the crucial information you require for an immediate personal loan in Kolkata.
|Interest Rates||11.99%* p.a. onwards|
|Loan Type||Unsecured Personal Loan|
|Loan Amount||Up to ₹15,00,000|
|Loan Tenure||Up to 5 years|
|Approval Time||24 hours approx|
It's important to be aware of interest rates while thinking about financial solutions such as personal loans in Kolkata. Personal loan rates in Kolkata are determined by market conditions, loan amount, and borrower creditworthiness. To get a good interest rate, you must do your homework and compare rates from several lenders.
|Personal Loan Interest Rate||11.99%* p.a. onwards|
|Repayment Tenure||Up to 5 years|
|Processing Fee||2% to 6% of the loan amount|
|Late Payment Charges||2% of the due amount|
|Prepayment Charges||Up to 2% to 4%|
In Kolkata, there are many trustworthy banks and private lenders who offer personal loans to meet various financial demands. Finding the best personal loan provider in Kolkata requires careful consideration.
Explore a wide range of banks that offer personal loans in Kolkata with specialized solutions. Choose an appropriate lender to fulfill your unique financial needs.
|Name of Bank||Interest Rates (p.a.)|
|State Bank of India (SBI)||11.00% p.a onwards|
|Axis Bank||10.49% onwards|
|HDFC Bank||10.50% p.a onwards|
|Indian Overseas Bank||12.50% onwards|
|Kotak Mahindra Bank||10.99% onwards|
|Punjab National Bank||10.40% onwards|
|IndusInd Bank||10.49% onwards|
|Union Bank of India||11.40% onwards|
|Standard Chartered Bank||11.49% onwards|
|Yes Bank||10.99% onwards|
|10.95% onwards||10.99% onwards|
|RBL Bank Personal Loan||17.50% onwards|
Read LessNote- The interest rates mentioned are subject to change. Do visit the website for more information.
Discover the many private lenders and Non-Banking Financial Companies (NBFCs) in Kolkata that offer a range of personal loan options. For your urgent needs, these NBFCs provide quick approvals and smooth loan disbursements.
|Personal Loan by NBFC||Interest Rates (p.a.)|
|Paysense Personal Loan||16.8% onwards|
|Navi Personal Loan||9.9% onwards|
|Incred Personal Loan||16% onwards|
|KreditBee Personal Loan||12.24% onwards|
Read LessNote- The interest rates mentioned are subject to change. Do visit the website for more information
You must fulfil certain qualifying requirements in order to apply for a personal loan in Kolkata. Here are some typical eligibility criteria for a personal loan in Kolkata, though each lender may have different requirements:
It is advisable to calculate your monthly EMI before submitting your personal loan application. You can use our Personal Loan EMI Calculator. Instantly receive the accurate EMI amount by selecting your preferred loan amount, interest rate, and term.
|Year||Month||Principal (A)||Interest (B)||EMI (A+B)||Balance||Loan Paid to Date (%)|
You must submit a number of documents to the lender in order for your personal loan application to be sanctioned. The basic documentation needed for personal loans in Kolkata is listed below:
Personal loans in Kolkata come with a number of beneficial features that makes it a wise financial tool for everyone. With affordable interest rates and quick approval, availing a personal loan in Kolkata is simple. Check out the features of personal loan below.
No need to risk your assets to avail loan
Get loan approval in matter of minutes.
Interest rates starting at just 11.99% p.a.
Uses the loan amount however you want.
Long repayment period of up to 5 years
No hidden charges and penaties
You can choose from a range of personal loan options in Kolkata to meet your specific financial demands. These loans are designed to fit your needs and circumstances. These are the several types of personal loans available in Kolkata.
Having Low CIBIL score does not put a stop to your personal loan journey. You can raise your credit score by making timely repayments. The following steps will guide you through the process of getting a personal loan in Kolkata with a low credit score.
It's crucial to make an informed decision while choosing a personal loan in Kolkata. Find the perfect personal loan provider and make repayment easy with these tips.
Follow these steps to apply for a personal loan in Kolkata on Buddy Loan:
Step 2: Fill out the application form, which includes the loan amount, the tenure in months, and contact details.
Step 3: Fill out the eligibility form and provide:
Step 4: Submit the details & wait for the loan confirmation.
Ready to take next step ?
You can obtain a personal loan in Kolkata by providing a guarantor, bank statements, or proof of property ownership.
Ensure a strong credit score and approach online lenders who offer simple application processes with only basic identification and income verification
You can increase your chances of loan approval by applying for a secured loan with collateral or finding a co-signer with a strong credit history.
Yes, CIBIL defaulters in Kolkata can still be eligible for a personal loan, but their options might be limited.
Qualifying for a personal loan in Kolkata with a low salary is possible, but it may be more challenging. Lenders look at your credit history and existing financial obligations to determine your eligibility.
The minimum CIBIL score for a personal loan ranges between 720 to 750.
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