Personal Loan Rates 2018 1280 views
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.
Table of Contents
Top Banks Offering Personal Loan in Kolkata
|Bank Name||Main Branch Address||Rate of Interest|
|State Bank of India (SBI)||SAMRIDDHI BHAVAN, BLOCK B, 8TH Floor, 1, STRAND ROAD, Kolkata, West Bengal 700001||10.65% - 15.05%|
|HDFC||Rajarhat Main Rd, Rajarhat, Baguiati, Kolkata, West Bengal 700059||11.25% - 21.25%|
|ICICI||Chittaranjan Avenue, Kolkata, West Bengal 700073||10.99% - 18.49%|
|Axis||25, Sree Nagar Main Rd, Sreenagar West, New Garia, Kolkata, West Bengal 700094|
15.50% - 24.00%
|Punjab National Bank||16A, Beliaghata Main Road, Alochhaya, Beleghata, Kolkata, West Bengal 700010||11.20% - 14.95%|
|Bank of India||7/1D, 8, Shriram Arcade, Lindsay St, Esplanade, New Market Area, Dharmatala, Taltala, Kolkata, West Bengal 700087||11.90% - 13.90%|
|Bank of Baroda||Garia Main Road, Near 228 Bus Stand, Anandapally, Mahamaya Tala, Garia, Kolkata, West Bengal 700084|
11.70% - 16.70%
|Central Bank of India||Industry House, 10, Camac St, Elgin, Kolkata, West Bengal 700017||10.20% - 12.45%|
|IDBI Bank||190, Central Chittaranjan Ave, B.B.Ganguly Street, Singhi Bagan, Jorasanko, Kolkata, West Bengal 700073||12.39% - 13.39%|
Personal Loan Interest Rates in Kolkata
|Interest Rates||10.75% - 25.00%|
|Processing Fee||1%-3% of the loan amount + GST|
|Pre-payment Charges||3%-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 Amount||Interest Rate||Tenure||Monthly Instalment||Total Interest Amount||Total Amount|
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
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
- 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
A 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.