Kolkata is popular for its culture, cuisine and art. The commercial growth of the city has been quite rapid in recent times. Considered a prominent hub of culture and art, the city’s colonial past is present on every nook and corner. It is a perfect blend of ancient history and modern advances, with a garnish of warm people.
As the city develops, it is improving its rank as one of the top metropolitan cities of the country. Subsequently, the standard of living in the city has improved significantly. The cost of living has gone up, opening up the option to avail a personal loan to fulfil your goals.
Define the purpose of a personal loan
You can avail of a personal loan to fulfil a wide range of financial or personal goals. It is crucial to determine the objective for taking a personal loan. When we have the objective right in front of us, it is easier to navigate the needs and accomplish the desired result.
The purpose of the loan will enable you to decide the loan amount, tenure, EMIs, etc. Suppose you wish to plan an international family vacation, you can estimate the likely costs to be incurred and apply for a personal loan subsequently.
What types of personal loan can a borrower avail in Kolkata?
An individual can apply for the following personal loans in Kolkata:
- Higher education.
- Domestic and international travel.
- Home remodelling or renovation.
What is the personal loan eligibility criteria in Kolkata?
Personal loan eligibility criteria are conditions that the borrower must meet before applying for the loan. The predefined requirements vary from lender to lender, but a few common points are as follows:
- Applicant’s age must be between 22 and 58.
- Applicant must have a year’s work experience.
- The monthly income limit is set at a minimum of INR 15,000 to determine the loan repayment capacity.
The personal loan eligibility conditions may vary for self-employed or salaried individuals. Hence, it is advisable to keep a keen eye on the conditions.
Personal loan lender
Plenty of lenders and financial institutions provide personal loans at competitive interest rates. The personal loan interest rate is a significant factor attributing to the cost of a personal loan to be borne by the borrower.
Tata Capital is a leading personal loan provider, for which the personal loan interest rates start at as low as 10.99%. It offers a competitive personal loan interest rate for both salaried as well as self-employed individuals.
The personal loan amount can range between INR 75000 and INR 25 lakhs, with the loan tenure between 12-72 months. One of the key benefits is that the personal loans are collateral or assets free. This ensures fast disbursal of funds.
How can you estimate the personal loan EMI?
The personal loan EMI calculator is a handy tool that assists the borrower to calculate the EMIs from anywhere at any time. The borrower needs to fill in the details like tenure, personal loan interest rate and the loan amount in the personal loan EMI calculator. The personal loan EMI calculator instantly displays the estimated EMI amount along with the interest payable. It makes the entire process simple and hassle-free.
So what are you waiting for? Fulfill your long-term and short-term goals with the help of a personal loan in Kolkata right away!