Personal Loan in Kolkata @11%* Interest Rate: Apply Online Instantly

Instant Personal Loan in Kolkata

An instant Personal Loan in Kolkata is the ideal financial solution for anyone facing an emergency money requirement. Whether you need to cover an unexpected hospital bill, manage a sudden travel expense, or deal with urgent home repairs, these loans provide quick and hassle-free funding. You can apply for a loan of up to ₹ 30 Lakh with interest rate starting as low as 11% p.a.* online, without any hassle.

Quick Disbursement of Personal Loans in Jaipur

One of the standout features of a loan in Kolkata is its swift processing and disbursal. L&T Finance that eligible borrowers can get loan approvals within 2 minutes* and funds are disbursed directly into their bank account in no time.

This makes it an ideal option for people in need of an urgent cash loan in Kolkata

Features & Benefits of Instant Personal Loan in Kolkata

Online Application: Available 24x7 for your convenience
No Collateral Required: Fully unsecured loans
Flexible Tenure: Ranging up to 72 months
Competitive Interest Rates: Starting from 11% p.a.*
Quick Disbursal: Loan credited to your account quickly

Uses of Personal Loan in Kolkata

One of the best aspects of a Personal Loan in Kolkata is that it’s multi-purpose. You can use the loan amount to fulfill any legal purpose. Popular uses include:

Weddings: Manage venue bookings, catering, and jewellery
Medical Needs: Cover hospitalisation and surgeries
Travel Plans: Finance domestic or international vacations
Festival or Event Planning: Celebrate without financial stress
Big Ticket Purchases: Buy consumer durables without financial constraints

EMI Calculator for Personal Loan in Kolkata

Calculating your repayment before applying helps you manage your finances better. That’s where an EMI calculator for Personal Loan becomes an essential tool.

To use the calculator, simply input:

Loan Amount
Interest Rate
Tenure

Let’s take an example:

If you take a ₹ 1 Lakh Personal Loan in Kolkata at 11% interest for 2 years, your EMI would be around ₹ 4,661. Total repayment would be approximately ₹ 1,11,864.

Using this calculator, you can:

Compare EMIs across different tenures
Understand total interest rate payable
Plan prepayments more effectively

Eligibility Criteria for Personal Loan in Kolkata

Type	Criteria
Residency	Indian resident
Age requirement	21 years to 58 years
Profession	Salaried or self-employed individuals

Documents Required to Get a Personal Loan in Kolkata

Document Type	Required Document & Checks
Identity Proof	PAN Card \| Aadhaar Card
Address Proof	Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) \| Passport \| Voter ID Card \| Driving License
Income Proof	Bank Statement -Last 6 months' statement is mandatory

Personal Loan Interest Rates and Charges in Kolkata

Type	Interest Rate and Charges
Loan Processing Fees (non-refundable):	Upto 3%* of Loan Amount + applicable taxes
EMI Dishonour/Bounce Charge* *A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate	As shown in the table below
Sanctioned Loan Amount	Charges
< ₹ 5 Lakh	₹ 500
₹ 5 Lakh - ₹ 30 Lakh	₹ 1000
Late Payment Charges (LPC)/ Penal Charges:	2% (p.m.) on EMI overdue + applicable taxes
	*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23
	*Taxes applicable on LPC w.e.f. 1st Apr'24
Part Payment Charges:	Up to 5% of pre-paid amount + applicable taxes
Foreclosure Charges:	5% of POS (Principal Outstanding) + applicable taxes
Legal/ Recovery Charges:	As per actuals
Duplicate NOC Charges:	First 3 paper copies - free of cost
Duplicate NOC Charges:	From 4th Paper copy - ₹250 + applicable taxes
Repayment Swap charges (per swap):	₹500 + applicable taxes (applicable only for branch walk-ins)
Loan Cancellation Charge:	Nil - for 3 days from date of disbursal
Loan Cancellation Charge:	From 4th day - 5%+ applicable taxes (on the outstanding loan amount)
Document Charges:	Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit
Annual Maintainance Charges (AMC):	Nil

*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.

Why Choose L&T Finance for Personal Loans in Kolkata?

When searching for a reliable loan provider in Kolkata, L&T Finance stands out for several reasons:

Fully Digital Process: Apply, upload docs, and e-sign from home
Instant Approvals: Quick eligibility checks and approval decisions
Minimal Documentation: Aadhaar and PAN-based verification
High Disbursal Rate: Funds credited to your account in no time
Transparent Charges: No hidden costs or confusing terms

How to Apply for a Personal Loan in Kolkata ?

Apply for Personal Loan with these steps

1. Apply online in just few minutes

Select Personal Loan and click the 'Apply Now' button to start your seamless digital loan journey

2. Fill in your details

Enter your personal details, such as income details, current address, and more, to instantly check your loan eligibility

3. Get your customised offer

Explore personalised loan offers to match your needs. You may also get an options to enhance your offer

4. Set up E-mandate

Securely provide your bank details to easily register for an E-mandate, ensuring smooth loan repayments

5. Complete KYC

Verify your identity easily and securely with a quick KYC process from the comfort of your home

6. Get loan disbursement

Get your loan disbursement directly in your bank account, ensuring fast and seamless access to funds

FAQs & Support

View all

Are there prepayment or foreclosure charges on loans in Kolkata?

Yes, there are prepayment charges of 5% of POS (Principal Outstanding) + applicable taxes.

What is the interest rate on Personal Loans in Kolkata?

Interest rates at L&T Finance start as low as 11% p.a.*.

What is the maximum loan amount I can get in Kolkata?

You can get up to ₹ 30 Lakh Personal Loan with L&T Finance.

How does my credit score affect my loan eligibility in Kolkata?

A good credit score increases approval chances and helps secure better interest rates.

What documents are required for a Personal Loan in Kolkata?

PAN card, Aadhaar card, address proof, and income proof are needed to get a Personal Loan in Kolkata.

How do I track my Personal Loan application status in Kolkata?

You can check the status on the website using your reference ID or mobile number or use the PLANET app.

How can I apply for a Personal Loan in Kolkata through L&T Finance?

Check eligibility, fill out the online form, get a customised offer, set up e-mandate, complete KYC, and get the loan disbursed directly into your bank account.