Personal Loan in Kolkata – Check Eligibility and Apply Online

Kolkata, the capital of West Bengal, has excellent resources. These include a convenient location and a low cost of living. This opens up many commercial prospects. There are several banks and other financial organisations in the city. They will aid you in applying for a personal loan. This, in turn, will meet your financial demands.

Kolkata is situated along the Hooghly river. A major commercial centre, Kolkata is home to numerous banks and financial firms. The city has advanced significantly over the past few years. This has happened due to IT development and business expansion. These developments have increased people’s need for banking services. There are no restrictions on the use of low-interest personal loans in Kolkata. To apply for a personal loan in Kolkata, you are not required to give the banks or NBFCs any security. There are many reasons why you would need an instant personal loan in Kolkata. The list below displays some:

• Medical expenses.
• Debt consolidation.
• House renovation.
• Vehicle repair.
• Education.
• Weddings.

How To Apply Online For A Personal Loan in Kolkata

Applying for a personal loan online in Kolkata gives hassle-free financial support. You need to first determine your eligibility for a personal loan in Kolkata online. Then, you can get to apply for one. You will need a strong Internet connection to apply for an online personal loan in Kolkata. You can apply for a personal loan in Kolkata online with just a few clicks rather than waiting in long queues. Additionally, online personal loans in Kolkata receive rapid approval. It provides you with the needed money very soon.

Applying for a personal loan online entails the following 4 steps: 

• To get started, click the “Apply Now” button. 
• Fill out the form completely, including the amount and duration. 
• Upload the required files. 
• Select “Submit”.

Eligibility Criteria For A Personal Loan in Kolkata

• The candidate must reside in India. 
• Age: The minimum age for submitting an application is 21 years. The maximum age when the loan is due is 60 years. 
• The candidates must be salaried, that is, work for a public or private company. They could be an employee of the state, the federal government or a local government. They could also be self-employed professionals or self-employed non-professionals. 
• Typically, a credit score of 750 or higher increases your chances of getting a personal loan.

Documents Required for A Personal Loan in Kolkata

• Form of application with photos attached. 
• ID documentation: PAN card, Aadhaar card, voter ID, passport, and driver’s licence 
• Address verification options include voter ID, an Aadhaar card, a duplicate of a ration card, energy or gas connection bills, a passport, or a driver’s licence. 
• Age verification documents: Aadhaar Card, birth certificate, SSC certificate, voter ID, and PAN Card. 
• Statement of recent 6-month bank account statements. 
• Salary certificates and slips for the previous 3 months. 
• Recent Form 16/ITR for the previous 3 years.

Benefits of A Personal Loan in Kolkata

Here are some advantages of applying for a personal loan in Kolkata online: 

No security is necessary 

An instant personal loan in Kolkata is an unsecured loan. For this, there is no need for collateral. So, you can apply for it online without providing any security. 

Minimal documentation 

To apply for a personal loan online in Kolkata, you need to submit minimal paperwork. You must give proof of your identity, address, and income. 

Affordable interest rates 

You can quickly compare personal loan interest rates in Kolkata. You need to do this before applying for a personal loan in Kolkata. Low-interest personal loans in Kolkata are available based on your qualifications and reputation.

Flexible loan term 

You can repay the money over a flexible period of 1 to 5 years when you apply for an instant personal loan in Kolkata. You can select the repayment period. This online personal loan in Kolkata is based on your comfort. 

Instant approval 

When you apply for a personal loan in Kolkata, the banks and NBFCs evaluate your profile. You will receive quick approval for a personal loan in Kolkata. There is no delay after a successful profile check. 

Simple repayment 

It’s simple to make payments on an online personal loan in Kolkata. Equated monthly instalments (EMIs) let you repay an online personal loan in Kolkata with ease.

Purpose fulfilment 

An instant personal loan in Kolkata is not targeted towards any particular goal. You can use an online personal loan in Kolkata to address a variety of issues.

Wrapping up

The best choice when you face a financial emergency is a personal loan. This loan is unsecured. Thus, you receive funding immediately. The disbursement takes place soon after. You will be notified through email and SMS as soon as it does. The email will provide in-depth information about the loan. The SMS, on the other hand, will just give you a brief overview. The email will mention information such as net loan disbursement after processing fees. It also has the loan’s repayment period, the applicable interest rate, etc. For more related information, log onto Piramal Finance.