Personal Loan in Kolkata

Documents Required for a Personal Loan in Kolkata

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:

• Address Proof: Recent utility bill, rental agreement, or Aadhaar card.
• Identity Proof: Aadhaar card, passport, driver's license, or any government issued photo ID proof.
• Employment Proof: Employee ID card, appointment letter, or business proof.
• Income Proof: Salary slips, bank statements, or income tax returns.
• Photographs: Passport-sized photos for application

Important Features of Personal Loans in Kolkata

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.

Collateral Free

No need to risk your
assets to avail loan

Fast Loan Approval

Get loan approval in
matter of minutes.

Attractive Interest Rates

Interest rates starting
at just 11.99% p.a.

Multi-purpose Loan

Uses the loan amount
however you want.

Flexible Repayment

Long repayment period
of up to 5 years

Transparent Process

No hidden charges and
penaties

Types of Personal Loans in Kolkata

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.

• Personal Loan for Medical Expenses: With an instant personal loan in Kolkata, you can quickly pay for all your medical expenses.
• Personal Loan for Wedding: Cover all wedding expenses with a personal loan at attractive interest rates in Kolkata.
• Personal Loan for Travel: Experience the world without exhausting your savings. Get a personal loan for travel from anywhere in Kolkata.
• Personal Loan for Education:With a personal loan, you can readily pursue higher education without thinking about money. Cover all academic expenses with ease.
• Personal Loan for Home Renovation: Improve your living space with a personal loan and enhance your comfort and aesthetics

Personal Loan in Kolkata for Low CIBIL Score

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.

• Try Other Lenders : Seek out lenders in Kolkata who look at more than just your CIBIL score. They focus more on how much you earn and if you can pay back the loan.
• Show Income Proof: Prove you have a stable income by sharing things like your pay slips, bank statements, or tax documents. It shows you can pay back the loan.
• Have a Co-Applicant: If someone you know has a good credit history, you can apply for the loan together. This can make it more likely for you to get the loan.
• Secure Your Loan :Try secured loans where you offer property or other assets as a collateral. This can make it more likely for your loan to get approved.
• Pay on Time: If you do get a personal loan in Kolkata, make sure you pay it back on time. This can help your credit score get better again.

Tips for Choosing the Right Personal Loan in Kolkata

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.

• Compare Interest Rates: Research and compare interest rates from various lenders in Kolkata. Even a small difference can make a big impact on your overall repayment.
• Check for Hidden Charges: Read the fine print to uncover any hidden fees or charges that could catch you off guard. A transparent lender will provide clear terms
• Flexible Repayment Options : Look for lenders offering flexible repayment plans that align with your financial situation, allowing you to comfortably manage your monthly installments.
• Loan Amount and Tenure: Consider your loan requirements and choose a lender that offers the desired loan amount and a suitable repayment tenure.
• Prepayment and Foreclosure Policies:Understand the lender's policies on prepaying or closing the loan before the term ends. Flexible prepayment options can help you save on interest in the long run.

Steps to Apply Online for an Instant Personal Loan in Kolkata

Follow these steps to apply for a personal loan in Kolkata on Buddy Loan:

Step 1: Visit - buddyloan.com or Download the Buddy Loan app and compare features.

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:

• Email Address
• employment type: Salaried/ self-employed
• Company Type
• Industry Type
• Current Company Name
• Company Address
• Year of Employment
• Net Income
• Mode of Salary
• PAN Card Details
• Full Name (As Per Pan Card)
• Current Address with PIN Code
• Mobile Number

Step 4: Submit the details & wait for the loan confirmation.