Personal Loan Interest Rates of Top Banks/NBFCs in Kolkata
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 10.50% onwards | Apply Now |
| SBI | 11.00%-15.00% | |
| ICICI Bank | 10.75% onwards | Apply Now |
| Axis Bank | 10.49% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
Note: Rates as of 24th March 2023
EMI Calculator
EMI Calculator
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%
Year(s)
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan Features
- Personal loans usually offered @ 10.49% 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
- Pre-approved personal loans provided to select customers
- Processing charges are mostly up to 4% of loan amount
Know more on: What is the percentage of processing fee for personal loan?
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