Getting a Personal Loan in Kolkata is Simple and Convenient

Kolkata is the capital of West Bengal and is the main center for educational, commercial, and cultural activities. It is famous for various tourist spots and historical places. If you are new to the city and need any kind of financial assistance for your personal purposes such as wedding planning, higher education, home renovation, etc., you can take a personal loan. You can apply for a personal loan on your lender’s official website or on a third-party financial website. When you apply online, you can check out multiple rates of interest and other loan features, and then pick a loan that suits your specific requirements.

Personal loan eligibility criteria in Kolkata:

You can get a personal loan in Kolkata if you fulfill the following eligibility criteria:

1. Age: The minimum age should be at least 21 years old and not more than 60 years at the time of maturity to avail a personal loan in Kolkata.

2. Income required: The minimum income should be Rs. 20,000 per month.

3. Occupation: You must be a salaried employee or self-employed professional to apply for a personal loan in Kolkata.

4. Work experience: You should have 2 years of total work experience with a minimum tenure of 1 year with your present employer.

5. Credit score: A credit score of 650 and above is considered good to avail a personal loan in the city.

Documents required for a personal loan in Kolkata:

The following documents are required to avail a personal loan in Kolkata:

a.) Signed application form.

b.) Residence proof: Aadhaar Card, Passport, Driving License, Voter ID, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old).

c.) Identity Proof: Aadhaar Card, Passport, Driving License, Voter ID or PAN card.

d.) Age proof: PAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate.

e.)Income proof: Last 3 months salary slips, Form 16 or Income Tax Returns.

f.) Last 6 months bank statement.

How to apply for a personal loan in Kolkata:

The process of applying for a personal loan in Kolkata can be described in the following steps:

Step 1: Visit the official website of the bank or any online loans marketplace to check and compare loan offers.

Step 2: Apply for the personal loan. Fill in your personal, financial and employment details.

Step 3: Fill the loan amount that you require, to get instant online approval.

Step 4: Submit the required documents to the representative of the bank, who will get in touch with you or upload documents online.

Step 5: Receive sanction letter from the bank and get the amount disbursed in your account.

Banks and NBFCs offering personal loans in Kolkata:

There are several banks and NBFCs in Kolkata that offer personal loans at a lower rate of interest. You can compare interest rates and processing fee of various lenders before applying for the loan. We have listed some of the top banks to procure a personal loan in Kolkata:

• HDFC Bank

• ICICI Bank

• Bajaj Finserv

• Citibank

• Yes Bank

Conclusion: In case you are in urgent need of funds for your immediate personal needs, you always have the option to avail a personal loan in Kolkata. Various leading banks and financial institutions are willing to provide you funds with easy documentation and hassle-free process in the city.