Personal Loan In Kolkata

Kolkata, the vibrant capital of West Bengal, is famously known as the "City of Joy" and has captured the hearts of people across the country. The city offers a perfect combination of charm, business opportunities, and culture. Whether you are a young professional or someone seeking a fresh start, Kolkata offers exciting academic and career opportunities. It's a vibrant city with something for everyone.

However, like most major cities, the cost of living in Kolkata can be higher. This can be a financial hurdle, especially for those trying to save their hard-earned money. That's where a Personal Loan in Kolkata can come in handy. It can help you manage expenses without draining your savings, making your Kolkata dreams a reality.

Features of a Personal Loan in Kolkata

Personal Loans can be a smart solution when searching for a quick financial solution to address your financial needs in Kolkata. Here's what makes them attractive:

• Zero collateral: Unlike conventional loans, you don't need to pledge any asset (like a car or house) as security. This feature makes them easier to access.
• Loan amounts up to Rs.35 lakhs: Get the funds you need to cover various expenses, from medical bills and travel to education costs and home renovations.
• Competitive interest rates: These rates can be attractive compared to other loan options, especially when they start at 10.99% per annum.
• Repayment Tenure: You can choose a repayment tenure of up to 6 years, thus giving you the flexibility to manage your repayments.

Who can get an instant Personal Loan in Kolkata?

Here's a quick rundown of the eligibility criteria for an instant Personal Loan in Kolkata:  

• A salaried professional or a self-employed individual. The applicant must be employed with an MNC, public limited, or private limited company.
• You must be between 21 and 60 years old to apply.
  • Minimum income requirements vary:
  • If your salary gets credited into a Kotak Bank account, you will need a minimum monthly income of Rs.25,000.
  • For non-Kotak811 Bank account holders, the minimum net monthly income requirement is Rs.30,000.
• If you are a Kotak811 Bank employee, the minimum net monthly income requirement dips to Rs.20,000.
• Graduation is required as your minimum educational qualification.
• You will need to have at least 1 year of work experience under your tab.

Meeting these criteria increases your chances of getting quick approval for your instant Personal Loan.

Personal Loan in Kolkata fees and charges

Here are the various Personal Loan fees and charges that you need to consider when applying for a Personal Loan in Kolkata:

How to apply for an instant Personal Loan in Kolkata

Here is the simple application process that you can use to apply for Kotak811 Personal Loan in Kolkata if you have a pre-approved offer.

• Start by downloading our Kotak 811 App from the Play Store or the App Store . 
• Access the “Loans” sections as soon as you install the app.
• Begin with the loan application process by selecting the desired loan amount and EMI tenure.
• Approve your loan agreements towards the end and click on “Confirm.”
• Once your application is approved, the loan will be disbursed to your account.

If you do not have a pre-approved loan, then you can either get in touch with our customer care representatives or get the following Personal Loan required docs to the nearest Kotak Bank branch.

• Photographs: You will need 2-3 recent passport-sized photos.
• Residence proof: Carry your Aadhaar Card, Driving License, or Passport.
• Income proof: This includes three months of bank statements and salary slips if you are a salaried employee.
• Identity proof: It consists of an Aadhaar Card, Passport, PAN Card, Driving License or Voter ID Card.

Conclusion

Kotak811 has made it easier than ever before to get financial assistance whenever you need it. No matter where you are in Kolkata, as long as you meet the eligibility criteria, you will be able to apply for the loan.

At the same time, having a pre-approved loan offer simplifies the application process much more. But you can still get the loan even if you do not have the offer. In that case, our customer support team is present to help you every step of the way.

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*Terms & Conditions apply.

Credit at the sole discretion of Kotak Mahindra Bank Ltd. and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets. Personal Loan will not be disbursed if the Savings Account is in dormant or freeze state.