Kolkata is the capital of West Bengal. It was India’s capital under the British Raj from 1773–1911. Also Kolkata is home to Mother House, headquarters of the Missionaries of Charity, founded by Mother Teresa. It is the main commercial & financial hub of East and North-East India and home to the Calcutta Stock Exchange.

In Kolkata personal loans are provided by almost all the major banks & financial institutions to individuals. Also there are unsecured loans providers from Rs. 50,000 to Rs. 40,00,000 which means that you are not necessary to mortgage anything or show an asset. The most common reason for taking a loan is debt consolidation. Some other reasons are medical, travel, home renovation, wedding & so on.

For loan approval you need to have a good credit history & adequate income. Other factors include years of employment, your company which will determine the most important factors such as amount, tenure & interest rate. In Kolkata some of the banks give you flexibility to pre-close the loan without any extra charges. Many banks have a pre-closure charge in the 4% to 5% range.

The major banks offering personal loans in Kolkata city are HDFC Bank, ICICI Bank, Kotak bank, Axis bank etc. Also there are multiple NBFC’s such as Bajaj Finserv, Fullerton, Tata Capital and so on which are offer unsecured personal loans.