Personal Loan in Kolkata

In need of funds? Here are some of the top banks offering affordable rates on personal loans exclusively to help the people of Kolkata get best deals.

Top Banks Offering Personal Loan in Kolkata

Bank NameMain Branch AddressRate of Interest
State Bank of India (SBI)SAMRIDDHI BHAVAN, BLOCK B, 8TH Floor, 1, STRAND ROAD, Kolkata, West Bengal 70000111.45% - 14.90%
HDFCRajarhat Main Rd, Rajarhat, Baguiati, Kolkata, West Bengal 70005910.75% - 21.45%
ICICIChittaranjan Avenue, Kolkata, West Bengal 70007310.99% - 18.49%
Axis25, Sree Nagar Main Rd, Sreenagar West, New Garia, Kolkata, West Bengal 70009412.00% - 24.00%
Punjab National Bank16A, Beliaghata Main Road, Alochhaya, Beleghata, Kolkata, West Bengal 7000109.95% - 13.50%
Bank of India7/1D, 8, Shriram Arcade, Lindsay St, Esplanade, New Market Area, Dharmatala, Taltala, Kolkata, West Bengal 70008711.70% - 13.70%
Bank of BarodaGaria Main Road, Near 228 Bus Stand, Anandapally, Mahamaya Tala, Garia, Kolkata, West Bengal 70008411.40% - 16.40%
Central Bank of IndiaIndustry House, 10, Camac St, Elgin, Kolkata, West Bengal 70001710.25% - 12.20%
IDBI Bank190, Central Chittaranjan Ave, B.B.Ganguly Street, Singhi Bagan, Jorasanko, Kolkata, West Bengal 7000739.65% - 14.00%

Personal Loan Interest Rates in Kolkata

Interest Rates9.35% - 33.00%
Processing Fee1%-3% of the loan amount + GST
Pre-payment Charges3%-5% of the principal outstanding + GST
Repayment Period Upto 5 Years
Lowest EMI ₹2,204-2,935 (per Lakh)

Personal Loan Calculator

Below is the example for you to understand how you can calculate the EMI of your personal loan with the help of an EMI calculator online. The calculations are based on a loan amount of ₹5 Lakh, taken for a tenure of 5 years at an interest rate of 11% per annum.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00011%1₹ 44,191₹ 30,290₹ 5,30,290
₹ 5,00,00011%2₹ 23,304₹ 59,294₹ 5,59,294
₹ 5,00,00011%3₹ 16,369₹ 89,297₹ 5,89,297
₹ 5,00,00011%4₹ 12,923₹ 1,20,293₹ 6,20,293
₹ 5,00,00011%5₹ 10,871₹ 1,52,273₹ 6,52,273

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 79,377₹ 51,077₹ 4,20,622
2₹ 88,562₹ 41,892₹ 3,32,059
3₹ 98,811₹ 31,643₹ 2,33,248
4₹ 1,10,245₹ 20,209₹ 1,23,003
5₹ 1,23,101₹ 7452₹ 0

Personal Loan Eligibility

The basic eligibility criteria for a personal loan is as follows:


Age: 21-60 Years
Income: ₹1,44,000-1,80,000 p.a.
Overall Work Experience: 2-3 Years
Work Stability with Current Employer: 1 Year


Age: 24-65 Years
Income: ₹1,80,000-2,00,000 p.a.
Stability in the same Profession: 3 Years

Documents Checklist

  • Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
  • Address Proof- Utility Bill/Passport/Aadhar card/Voter ID
  • Income Proof- Latest Salary Slip/ ITR/Form-16
  • Bank Statement- Last 3-6 Month Bank Statement

ICICI Bank Personal Loans in Kolkata

When it comes catering the diverse needs of all the borrowers, ICICI Bank with its best of personal loans makes sure to does the same. The bank by offering the credit in the City of Joy ensures to fulfill the multiple needs of one and all. With attractive rates, minimal charges, fastest approval and flexible tenure, the lender offers the best deal. To avail ICICI Bank personal loan Kolkata , you can either visit the bank branch near you or apply online.

About Personal Loan in Kolkata

personal loan is the best option when you have a finance related emergency. Since this loan is generally unsecured, you can get instant approval and funds within 72 hours. GST has replaced all kinds of indirect taxes like the service tax applicable on processing fees (one-time payment) and prepayment charges. So, from today onwards, you will pay a standard GST rate of 18% in addition to the processing fees and other charges that are based on service tax.

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  • Personal Loan Interest Rates January 2020
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%