A presentation on accessing personal loans in the city of Kolkata with details on banks, NBFCs, interest rates, eligibility and documents required

1. Personal Loans in Kolkata

2. Note on PL
• Personal loans are financial instruments that are extremely
versatile as a source of credit
• They are unsecured in nature so one need not provide an
evidence of owning property to mortgage or provide a guarantor
as a backup
• The loans can be used for any reason after approval by the loan
seeker including travel, medical needs, home renovation,
wedding, expensive purchases or even to pay a deposit, fund
education, transfer an existing loan or consolidate debts.
Banks/NBFCs will not ask for a reason
• The eligibility criteria for personal loans are quite set and banks
insist on most of them being met before granting one. Some of
these include salary, company you work for, previous debts,
CIBIL score etc.

3. Bit about Kolkata
• Kolkata is the capital city of the state of West Bengal and one of the
largest metropolitan cities in India
• Kolkata exerts a rich cultural and intellectual influence over the
whole country. It is also known as the City of Joy
• The city is located on the banks of the river Hooghly with a natural
harbour at the mouth of the river on the sea of Bay of Bengal
• The place was a hub for government industry and private
corporations until recently which is undergoing development with
the establishment of IT, ITeS and other sectors
• Kolkata is famous for the Bengali culture and cuisine with the Durga
festival being a yearly highlight
• Some of the places to visit in Kolkata include the Kali temple,
Victoria Memorial, Howrah Bridge, National Library among others

4. Banks providing PL
• HDFC Bank : HDFC bank is one of the top private
sector banks in India. It was primarily an arm of
the government and know as the Housing
Development and Finance Corporation started as
a housing loan company
• ICICI Bank :ICICI bank is one of the largest private
sector banks in India. It has a large network of
branches and ATM’s spread across the country.
They offer services in public ad private banking,
investments, trading, insurance etc

5. Banks providing PL
• Citibank : Citibank is a part of the over 100 year
old financial multinational behemoth known as
the Citi Group. They have a diversified portfolio of
interests while also offering personal banking
services
• Kotak Mahindra Bank : Kotak Mahindra is a
relatively new entrant in the sector of banking
having started their operations in 2003. They are
already the fourth largest operating across 363
locations in the country

6. Banks providing PL
• Axis Bank : Axis Bank is the third largest banking
group in the country. They are an aggressive
mover in the space with the record of having the
most number of ATM machines in the country.
They provide various baking services
• Bajaj Finance : Bajaj Finance also known as Bajaj
Finserv was earlier a part of Bajaj Auto but is now
an independent entity. It is a large Non-Banking
Financial Institution or NBFC. The also provide
personal finance services among their large
portfolio of operations

7. Banks providing PL
• Tata Capital : Tata Capital is a company under the aegis
of the group Tata Sons Ltd, one of India’s largest and
diversified corporate. Tata capital is an NBFC providing
services in many areas of finance through their over
100 branches
• Fullerton : Fullerton India Credit Company is a part of
the group Temasek Holdings headquartered in
Singapore. Fullerton is an NBFC known for their credit
services catering to over 1 million customers through a
network of 400 branches. They also provide loans to
SME’s and rural enterprises

8. PL eligibility
• Salaried
– Age – 23 to 53 yrs
– Minimum monthly salary – Rs. 20,000
– Minimum Work-ex 2 years
• Self employed
– Age - 28 to 65 years
– Minimum turnover - 40 lakhs p/a
– Profit of 2 lakhs
– Duration of operation (doctors)- Minimum 3 years
– Duration of operation (others)- Minimum 5 years
• You can check https://cashkumar.com/personal-loan-
eligibility-calculator

9. PL interest rates
• Interest rate varying from 12.99% to 20.00%
• Payable through EMI
• Easy repayment choices ECS, AD or PDC
• Loan approved upto 20 Lakhs for salaried
individual
• 40 lakhs for self employed
• Tenure from 12 – 60 months
• Click on the link Citibank Interest Rate for more
particular details

10. PL documents required
• Salaried:
Application form and your latest photograph (2)
Proof of identity: Copy of passport/voter ID
card/driving license/PAN card
Proof of address: Leave and License Agreement / Utility
Bill (not more than 3 months old) / Passport
Bank statement : Last 3 months bank statement
Income proof : Salary slip for last 3 months/ current
dated salary certificate with the latest Form 16
Existing EMI: If any existing loan, please submit
sanction letter, Payment Track Record.

11. PL documents required
• Self-Employed:
Application form and your latest photograph (2)
Proof of identity for Residence: Copy of passport/voter ID card/driving license/PAN
card
Proof of address: Leave and License Agreement / Utility Bill (not more than 3
months old) / Passport
Income proof (audited financials for the last two years).
Office Address Proof: Maintenance Bill, Utility Bill
Office Ownership Proof: Property Documents, Maintenance Bill, Electricity Bill
Business Existence Proof: Saral Copy for 3 yrs, Shop Establishment Act, Any Tax
Registration Copy, Company Registration license
Income Proof: Latest 2 years Income Tax Returs including Computation of Income,
Profit and Loss Account, Balance Sheet, Audit Report, etc.,
Bank Statement: Latest 6 months bank statement both current and savings.
Existing EMI: If any existing loan, please submit sanction letter, Payment Track
Record
• Check https://cashkumar.com/documents-required-personal-loan for more details

12. Locations in Kolkata for PL
• Some locations are ..
• Ballygunge
• Behala
• Chowringhee
• Dum Dum
• Howrah
• Jadavpur
• Joka
• Nager Bazar
• New Alipore
• Salt Lake City

13. How to Apply
• You could try
https://cashkumar.com/personal-loan
or
https://cashkumar.com/hdfc-bank-personal-loan
• You would get your eligible interest rates
immediately or via the Cashkumar team
• Call us on +919535800900 for more details