Get Personal Loans in Kolkata
Kolkata, the cultural capital of India, blends history with modern aspirations. From planning a dream vacation to covering medical expenses or upgrading your home, personal loans in Kolkata provide a smart and secure solution. With no collateral required and a hassle-free digital process, loans are accessible to salaried and self-employed individuals alike.
At WeCredit, we offer competitive interest rates, fast approvals, and a seamless application experience to help you achieve your financial goals in Kolkata.
Personal Loan EMI Calculator
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Interest Rates Offered by Top Lenders in Kolkata
Here’s a comparison of personal loan interest rates from various lenders:
| Lenders | Interest Rate |
|---|---|
| Moneyview | 15.6% |
| KreditBee | 18% |
| Fibe | 18% |
| Prefr | 18-36% |
| L&T Finance | 10.8% |
| Incred Finance | 15.6%-36% |
| Bank of Baroda | 10.10% |
| Bank of India | 10.25% |
| IDBI Bank | 9.5%-14% |
| PNB | 11.40% |
| State Bank of India | 11.15% |
| Union Bank of India | 9.30% 13.40% |
| ICICI Bank | 10.75% 19% |
| Indusind Bank | 10.5% Onwards |
| IDFC First Bank | 10.75% |
| Kotak Mahindra Bank | 10.5% |
| RBL Bank | 14%-23% |
Small Cash Loan Using Your Aadhar Card
Documents Required to Apply for a Personal Loan
| Category | Documents |
|---|---|
| KYC Documents |
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| Income Documents – Salaried |
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| Income Documents – Self-employed |
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| Other Documents |
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Why Choose WeCredit for Personal Loans in Kolkata?
- Easy online application
- Instant loan approval
- Quick disbursal to your bank account
- Low documentation requirement
- Flexible repayment tenure (1 to 5 years)
- Competitive interest rates
- Pre-approved offers
- Easy EMI options
How to Get a Low-Interest Personal Loan in Kolkata?
Low Credit Score? Don’t worry — we offer guidance, secured loan options, and co-borrower facilities to help you qualify and improve your credit standing.
Good Credit Score? You’re likely to qualify for lower interest rates from top lenders in Kolkata.
Personal Loans for Self-Employed Individuals
Eligibility Criteria
| Criteria | Details |
|---|---|
| Citizenship | Indian |
| Age Limit | Minimum 21 years at loan application and maximum 60 years at loan maturity |
| Monthly Income | ₹20,000 |
| Work Experience (Salaried) | Minimum 1 year, but some lenders require more than one year of experience |
| Work Experience (Self-employed) | Minimum 2-3 years of experience required |
| Credit Score | 700 or above |
*Personal loan eligibility criteria may vary from lender to lender.
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How WeCredit Works
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Receive fast approval on your loan application, getting you the funds you need without delay.
1. Who is eligible for a personal loan in Kolkata?
Anyone who is an Indian citizen aged between 21 to 60 years, has a stable income of at least ₹20,000 per month, and meets the credit score and employment criteria set by lenders is eligible to apply.
2. How long does it take to get a personal loan approved in Kolkata?
Loan approvals can happen within a few minutes to a few hours if all documents are in order. Disbursal typically happens within 24 to 48 hours.
3. Can I get a personal loan in Kolkata without visiting a branch?
Yes. With WeCredit, the entire application process is 100% online — from comparing lenders to submitting documents and receiving funds.
4. What documents are needed for salaried professionals in Kolkata?
You will need:
- PAN Card & Aadhar Card
- Salary slips (last 6 months)
- Bank statements (last 3 months)
- Company employment certificate
5. What are my options if I have a low credit score?
You can explore:
- Secured personal loans (using collateral)
- Loans with a co-applicant
- NBFC lenders who accept lower credit scores
6. What’s the average interest rate for personal loans in Kolkata?
Interest rates typically range from 9.3% to 23%, depending on the lender and your credit profile. Rates can be lower for individuals with high credit scores and stable income.