How to Get a Personal Loan in Kolkata?

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    Kolkata is one of the cheapest cities in India. It is the capital of West Bengal which is best known for its love for music and food.

    The music and food lover people of Kolkata are not fond of a lavish lifestyle. Kolkata is such a city which in spite of being rich in culture and heritage contains a folk of hard-working people. The people of Kolkata are never in rest. The trams and metros are ever crowded with people who travel daily to earn their livelihood.

    Though people here earn well and has to spend less on living cost, sometimes some situations go out of control. In most of the cases, a financial support can help you out to come out of those situations. The people of the present generation prefers to avail a personal loan to fight those situations rather than asking help from friends or relatives.

    A personal loan online is indeed a very convenient way to access an additional fund whenever needed. But to avail a personal loan in Kolkata, you are to satisfy the Personal Loan Eligibility. A personal loan is provided only to those applicants who are eligible for it.

    Here is the list of criteria which one can to satisfy in order to avail an instant loan in Kolkata

    Age

    To avail a personal loan an applicant must be more than 21 years old. The upper age limit of availing a personal loan is 60 years. A personal loan application is certain to get rejected if the applicant doesn't satisfy the age criteria.

    Income

    The next criterion that has to be fulfilled is the income. Every lender keeps a particular income as the minimum income for qualifying the eligibility of a personal loan. If you apply for personal loan online, you will find all the eligibility criteria on the website of the lender. One can get a personal loan from NBFCs like Finance Buddha with a minimum income of Rs.15,000 per month.

    Credit Score

    The credit score is one of the most important criteria of the creditworthiness of a personal loan. Lenders approve a personal loan application of those applicants only who has a credit score of 750 or above. As a personal loan is an unsecured loan, lenders don't provide a loan without an excellent repayment history of past.

    Employment History

     Along with your financial habits, lenders do check your employment history too. You will not be eligible for a personal loan if you are employed with the present lender for less than 2 years.

    After the eligibility criteria here comes the list of document you need to submit while applying for the loan

    • A completely filled & signed application form with photograph
    • Identity and Address proof
    • Income Proof
    • Processing fee cheque

    If you satisfy all the eligibility criteria and equipped with the needful document then availing an instant personal loan in Kolkata is just a few steps away. Personal loans nowadays can easily be applied online. An online personal loan can help you come out of any situation where money becomes the only escape route.