Attractive Interest Rate
Take advantage of our competitive interest rates, starting from 1.58% per month or 19% per annum.
Personal Loan in Kolkata
No Hidden Charges
Minimum Income Required Rs 15K
Trusted by Over 20 Million Happy Customers
Personal Loan EMI Calculator
Get a Personal Loan in Kolkata of up to Rs 5 Lakh
Kolkata has experienced steady urban and economic development over the past decade. From major IT and business hubs in Salt Lake Sector V and New Town to commercial and lifestyle destinations such as Park Street, Camac Street, South City Mall, and Quest Mall, the city attracts salaried professionals, entrepreneurs, students, and families. Growing residential pockets in areas like Rajarhat, New Town, Garia, and Behala have increased commuting needs and evolving lifestyle expenses. While professional and business opportunities continue to expand, rising housing costs, education fees, medical expenses, travel, and everyday spending can place pressure on monthly finances.
In such circumstances, a Personal Loan can offer timely financial assistance. Hero FinCorp provides quick and reliable Personal Loans in Kolkata for both planned and unforeseen expenses, helping individuals manage their financial needs without disturbing long-term savings.
Why Kolkata Residents Prefer Hero FinCorp?
Kolkata borrowers often look for lenders that offer speed, transparency, and predictable EMIs, especially in a city where living costs are rising and work schedules can be demanding. Our Personal Loan is designed to meet these expectations with a smooth and reliable borrowing experience.
- Trusted by 20M+ customers across India for dependable and timely financial support.
- A loan is disbursed every 30 seconds, showing fast processing and strong digital systems.
- 1 million+ app installs, making it easy to apply for and manage loans digitally.
- Simple online application through our website or the loan app.
- Loan amounts of up to Rs 5 Lakh for personal, medical, education, or household needs.
If you live or work in areas such as Salt Lake, New Town, Park Street, Behala, Garia, or Howrah, this digital-first process helps you save time while keeping your finances organised.
Features and Benefits
When applying for a Personal Loan in Kolkata, look for features that save you time and money. Here are some key benefits offered that make the process easier.
Collateral-Free
Our loans don't require collateral, so you don't need to pledge any assets to apply for a loan.
Flexible Repayment Tenure
You get flexible repayment terms of up to 36 months, giving you comfortable options that match your budget.
Instant Approval
We know financial needs can be urgent, which is why we offer quick loan approval so you can access funds without delay.
Eligibility Criteria
Before applying, make sure you meet the Personal Loan eligibility criteria. Here are the details.
| Criteria | Requirement |
| Age | Applicants should be between 21 and 58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | Applicants should at least earn a minimum amount of Rs 15,000 monthly. |
| Credit Score | A CIBIL Score of 725 or higher is required. |
No Documents Required to Apply
Applying for a Personal Loan in Kolkata is completely online and paperless. You only need to provide digital consent for verification to receive instant approval. Keeping your PAN and Aadhaar numbers readily available helps make the process quick and smooth.
Interest Rate and Charges
Unlike many private lenders in Kolkata, our charges are transparent and easy to understand. It’s always wise to review the fees before you borrow, as it helps you make the right decision and keeps the loan application process smooth. Here is a clear breakdown of the costs involved:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST (As per the latest NBFC Master Circulars) |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. The online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply for a Personal Loan in Kolkata?
Need an instant Personal Loan online in Kolkata? Here is how you can apply for an instant Personal Loan.
- 01
Visit the official website or open the mobile app.
- 02
Choose the Personal Loan option and select the loan amount you need along with a suitable EMI tenure.
- 03
Fill in the required personal and financial details.
- 04
Complete the e-KYC process using your Aadhaar and PAN information.
- 05
Enter your bank account details for loan disbursal.
- 06
Receive real-time approval on your Personal Loan application.
- 07
Digitally sign the e-Mandate and loan agreement online.
- 08
Get the approved loan amount credited directly to your bank account.
Kolkata-specific Uses of a Personal Loan
A Personal Loan offers flexible, collateral-free funding for a wide range of expenses. Salaried and self-employed individuals use this unsecured loan for the following purposes:
- Relocation and Housing Setup Costs: Relocation and rental expenses when moving closer to business and IT areas such as Salt Lake Sector V, New Town, Rajarhat, or central Kolkata.
- Healthcare and Medical Needs: Medical expenses at well-known healthcare institutions across West Bengal, including multi-speciality private hospitals and specialist clinics.
- Education and Skill Development: Skill development, professional certifications, and higher education courses for students and working individuals across the state’s educational centres.
- Travel and Family Celebrations: Travel, weddings, and family functions are often hosted in Kolkata or popular destinations such as Darjeeling, Digha, or Siliguri.
- Home Improvement and Furnishing: Home renovation, interior upgrades, and furniture purchases for apartments and independent houses in urban and suburban areas.
- Technology and Essential Appliances: Electronics, laptops, and household appliances that support work-from-home, hybrid roles, or student learning needs.
What Our Customers Say About Us
❝
It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.
Savi Gupta
★★★★★
❝
Herofincorp has great funds for various purposes. I got the best personal loan offer compared to interest rates, terms, and fees for ...my best financial situation. Thanks for your assistance.
Rashi Kohli
★★★★★
❝
It is a simple procedure. For financial emergencies, it is the best option. Thanks for their assistance. Adaptable and well-balanced. You can acquire an immediate loan transfer with Hero FinCorp.
Lalji Soni
★★★★
❝
Processing is quick, and had great experiences with this personal loan application and service. I appreciate customer support's gentle communication in helping the process go more smoothly. interest rates provided on the personal loan is the lowest in market. Overall experience good. I'm grateful.
Raj Chaudhary
★★★★★
❝
I have been looking for a platform that allows me to borrow money quickly, it is convenient, safe and reliable to borrow money on this practical and reliable platform.
Kadam Kailash
★★★★★
Frequently Asked Questions
We consider several factors when determining your maximum loan amount, including your age and income, credit history, employer reputation, and debt-to-income ratio. These help us assess whether you meet the eligibility criteria for a Personal Loan.
When applying for a Personal Loan in Kolkata, your age must not exceed 58 years.
You can apply online through our app or website.
When you apply with us, you get instant approval through a paperless process along with flexible repayment terms.
You can get approval for a Personal Loan within 10 minutes when you apply online.
Yes, you can use it for a wedding, vacation, education, home renovation, medical needs, or any other major expense.
You can get approval for a Personal Loan through a completely paperless process, along with a flexible repayment tenure that fits your needs.
You can get up to Rs 5 Lakh at competitive interest rates and a flexible tenure ranging from 12 to 36 months.
Blogs
