Personal Loans in Kolkata

Lenders offer personal loans @ 10.49% p.a. onwards for tenures of up to 5 years. Public Sector Banks may offer personal loans at lower interest rates and longer tenures. Some lenders offer pre-approved instant personal loans to their select customers.

Personal Loan Features

  • Personal loans in Kolkata are usually offered @ 49% p.a. onwards
  • Loan Amount of up to Rs 40 lakh
  • Repayment tenure is mostly up to 5 years; up to 7 years by some Banks/NBFCs
  • No collateral security
  • Few lenders offer instant loan disbursal to its personal loan applicants
  • No end usage restriction except for speculation
  • Some lenders also provide pre-approved personal loans to their select customers
  • Personal loan processing charges are mostly up to 4% of loan amount

Income Requirements for Personal Loan in Kolkata

Minimum Monthly Income for Salaried applicants: Rs 15,000; can be higher for other banks/NBFCs

Eligibility for Personal Loan in Kolkata

  • The applicant should be an Indian resident
  • Age: Minimum- 21 years; Maximum-60 years at the time of loan maturity
  • The applicant should be salaried, employees of public and private sector companies, employees of State/Central/Local Government, self-employed professionals and self-employed non-professionals
  • Credit score: Usually 750 and above can enhance the chances of availing personal loan

Documents Required for Personal Loan in Kolkata

  • Application form with photographs attached
  • ID Proof- PAN Card/Aadhaar Card/Voter ID/Passport/Driving License
  • Address Proof- Voter ID/Aadhar Card/copy of ration card/ electricity bills/gas connection bills/Passport/ Driving License
  • Age Proof- Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
  • Bank account statement for past 6 months
  • Salary certificates/salary slips for past 3 months
  • Recent Form 16/ITR for past 3 years

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