Attractive Interest Rate
Take advantage of our competitive interest rates, starting from 1.58% per month.
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 With Quick Disbursal
Kolkata, also called the City of Joy, is known for its vibrant culture, strong roots, and steady growth. With rising expenses, many people prefer to apply for Personal Loans that offer quick support for planned or unexpected expenses. At Hero FinCorp, you can begin your Personal Loan application online and get loan approval in less than 10 minutes. The process is fully paperless, quick, and supported by competitive interest rates.
You must meet the age, nationality, work experience, and minimum monthly income criteria to qualify for an Instant Personal Loan. You can check your eligibility through our Personal Loan Eligibility Calculator and apply online. Whether you are thinking about home renovation or want to use a Personal Loan for other priorities, you get flexible repayment options that fit your budget.
Why Choose Hero FinCorp?
A Personal Loan can be a real help in managing expenses with ease. Here’s why Hero FinCorp is a preferred choice:
- Transparent Process: The loan application process is completely transparent. There are no hidden costs, and the online application process is paperless.
- Quick Disbursement: Get instant approval in 10 minutes when you apply for a Personal loan online. The disbursal is directly into your bank account.
- Paperless Process: You only need your KYC details (PAN and Aadhaar Card numbers) to apply for a Personal Loan in Kolkata.
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 minimum CIBIL Score of 700 or higher is strongly recommended as it significantly impacts approval and the final interest rate. |
Documents Required
At Hero FinCorp, we follow a paperless process for instant Personal Loans. To apply for a Personal Loan, you only need your Know Your Customer (KYC) details, which include PAN and Aadhaar numbers. The process is the same for both salaried and self-employed applicants.
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 |
Uses of Personal Loans in Kolkata
Personal Loans offer quick support for important moments in life, making it easier to manage various expenses.
Travel
Covers bookings, stays, and other trip costs without putting pressure on your savings.
Wedding
Helps you manage big-day expenses like the venue, jewellery, catering, and décor.
Home renovation
Supports repairs, upgrades, or improvements to your living space.
Medical emergencies
Gives you quick access to funds for urgent treatment or care.
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 website or install the loan app.
- 02
Go to the Personal Loan page and click ‘Apply Now’.
- 03
Enter your mobile number and verify it with the OTP.
- 04
Choose the loan amount you need.
- 05
Verify your KYC details to meet the eligibility criteria.
- 06
Click Submit to complete the loan application process.
Frequently Asked Questions
We consider several points while deciding 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, you must be between 21 and 58 years.
The process is simple. You can apply online through our app/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.
