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Introduction to Personal Loans in Kolkata

Kolkata is India's cultural heartbeat. Among the most notable individuals that have come from the city are Satyajit Ray, Swami Vivekanand, Rabindranath Tagore, and numerous others. It was also home to Mother Teresa.

Kolkata is also the capital of West Bengal and a hub of financial and commercial activities in eastern India. It has many tourist attractions, which make it very popular among tourists. Life is peaceful in Kolkata, but the need for finance can arise at any time. For this, you can rely on lendingplate.

Lendingplate offers easy personal loan in Kolkata at low interest rates. You can visit the lendingplate website and apply for an online personal loan in Kolkata. You will receive the funds within 24 hours of application. You can borrow loans from ₹10,000 to ₹2.50 lakhs.

Personal Loan EMI Calculator

Want to plan your payments with our personal loan EMI calculator monthly? Get clear numbers in seconds to make smarter borrowing decisions.

Amount
25000
Duration
12 M
Interest Rate
36 %
Monthly EMI

₹2512

Total Interest ₹5144
Total Amount ₹30144

Features and Benefits of Personal Loans in Kolkata

An urgent cash loan in Kolkata is a need of an hour. Lendingplate offers you fast loan approval without much hustle. Here are some major features and benefits of online personal loan in Kolkata.

Digital Process

The complete loan process at lendingplate for urgent cash loan in Kolkata is online. You can complete the loan process from anywhere. You don’t need to visit the branch.

Competitive Interest Rates

We offer you personal loans at the best possible interest rates. This will reduce your repayment burden as you won’t be burdened by too much interest on your loan.

No Collateral Required

We don’t ask for any collateral. We offer collateral-free personal loans.

Multipurpose Loan

We provide loans to fulfil all your needs. Whether you are planning for a foreign trip or have a medical emergency, you can use a personal loan for any purpose. There is no restriction on end usage.

Quick Access to Funds

If all your documents are clear and you pass all the parameters, then your loan will be approved instantly. The funds will be credited to your bank account within 24 hours of approval.

Eligibility

Before you proceed with a loan application you need to check if you qualify for the loan or not. The eligibility depends on various factors. Let’s go through the eligibility criteria required to get an easy personal loan in Kolkata:

  • Age should be between 21-58 years.
  • You should be an Indian citizen. NRIs are not eligible.
  • The minimum salary required is ₹20,000 for salaried employees.
  • For self-employed professionals’ the minimum annual income shall be ₹2.40 lakhs.
  • Bank Statement reflecting regular salary credit.
  • GST registration for self-employed.
  • The minimum credit score requirement is 750.
  • Employment Proof or Business Certificate.

Documents

We have a very hassle-free loan process to make it convenient for customers. From application to loan approval, everything takes place online. Customers are not required to visit the physical branch office. Here is a list of documents needed for a loan in Kolkata: -

  • Identity Proof: - Aadhar Card/ Voter ID card/Driving License / PAN card/ Passport.
  • Address Proof: - Utility Bills not older than 3 months/Rent Agreement/ Passport/Aadhar Card.
  • Income Proof: - Last 3 months’ salary slips/ Last 6 month’s bank statement/ Form 16/IT Return.
  • Job Continuity Proof: - Appointment Letter from Present Employer.

 

How to Apply for a Personal Loan in Kolkata?

Applying for a personal loan at LendingPlate is a pretty simple process. This is a comprehensive guide that will assist you in applying for an online personal loan in Kolkata.

  1. Check Loan Eligibility

    You can apply for an easy personal loan in Kolkata only if you meet the minimum eligibility criteria. Therefore, be sure you are eligible before asking for a personal loan. To verify your eligibility, visit the Lendingplate website and utilise the personal loan eligibility calculator.

  2. Online Application

    If you meet the eligibility criteria then you can initiate the online application for instant loan in Kolkata. For this, you need to Sign up on lendingplate website and fill up the basic details.

  3. Provide Documents

    After initiating the application it’s time to submit the documents. Upload the required documents on the website.

  4. Verification

    Our Loan experts will review the application. They will give the final approval for your personal loan.

  5. Loan Approval

    After reviewing your application, if everything is found okay then you will get instant loan approval.

  6. Fast Disbursement

    We offer quick disbursement of the loan. Within 24 hours of the application, the funds will be credited to your bank account.

Interest Rates and Charges on Personal Loans in Vadodara

We at lendingplate maintain complete transparency with our interest rates as well as other charges mentioned below –

Charges Details about the Charges
Processing Fee 1% - 5% of loan amount
Conversion Fee 1 - 5% of the amount
Interest Rate 12% - 36% per annum
Foreclosure 5% of the amount [Nil when prepaid on or after your]
Mandate Return Fee 500/- [inclusive of GST]

lendingplate’s Personal Loan Available Across India

Frequently Asked Questions

If you are a salaried person then you should have a minimum monthly income of ₹20,000. And if you are running a business then your minimum annual income shall be ₹2.40 lakhs.

A loan applicant should have a minimum credit score of 750 to get an instant loan in Kolkata.

The entire loan process won’t take more than 24 hours.

In case of failure to repay the personal on time, you will face penalty charges. Your credit score will also be affected and you won’t be able to get any further loans from any bank or lender.

There are no direct tax benefits on personal loans. But if you avail loan in certain scenarios, then you get tax benefits. For example, personal loans taken for home renovation, education expenses, home construction etc are eligible for tax benefits.

NRIs are not eligible for personal loans in Kolkata. At lendingplate only Indian citizens can apply for personal loans.

The maximum personal amount of personal loan you can get from lendingplate is ₹2.50 lakhs.

One can use the personal loan calculator available on lendingplate website to check your eligibility.

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