Get an easy personal loan in Kolkata at a convenient interest rate without any hassles
Published on : March 22, 2022

Kolkata, formerly Calcutta, is the state capital of West Bengal. In India’s third-largest city economy, LoanTap offers a customized selection of personal loans. These loans were created specifically to suit the financial demands of Kolkata residents. If you’re looking for a money lender in Kolkata, LoanTap’s Personal loan in Kolkata is just what you need! Get up to INR 10 lakh in 24 hours and choose from a variety of repayment choices, all from the comfort of your Kolkata home.

Our wants, especially the desire for funds, have begun to seek faster gratification in today’s fast-paced world. Personal loans are a simple option that is always within a person’s reach and are the answer to today’s financing needs. Personal loans can be used for a variety of purposes, including weddings, the purchase of a new gadget, the establishment of a home gym, the creation of an art studio, and so on.

Applying for personal loans used to be a difficult procedure in itself. People were put off by the length of time it took to process loans, as well as the cumbersome paperwork and other procedures. They wanted their demands met as fast as possible. The process of applying for personal loans has been greatly simplified in recent years. Personal loans have become more popular, especially among the younger population, as a result of digital processes that have made life easier. Getting a loan approved nowadays is as straightforward as purchasing any product online.

Personal loan processing encompasses a wide range of issues. Continue reading to learn everything you need to know about personal loans.

What Is A Personal Loan And How Does It Work?

A personal loan is a loan that is taken for a brief period of time. This is an unsecured loan, which means the bank does not require the applicants to provide collateral security. This can be used for any legitimate reason, such as purchasing equipment, a new sofa set, or a new computer, among other things.

Personal loans are quite popular, especially among the younger generation, who are just starting to create financial security and need to have their wants and needs met all at once.

Personal loans can be regarded as both short and long-term financing alternatives, depending on your needs, because they are designed to be returned over a period of 6 months to 5 years. Personal loans can also help bridge the gap when a person requires immediate financial assistance due to a crisis.

Is it Beneficial to Take Out a Personal Loan?

Personal loans have a number of advantages, including:

  • Quick Approval: While traditional loans take longer to process, personal loans can be approved in as little as a day or two.
  • Higher Loan Amount: Depending on your eligibility and income, LoanTap can grant personal loans up to ten lakhs.
  • Interest rates are competitive: Personal loans are appealing since they have lower interest rates than credit cards.
  • Simple Eligibility Criteria: Very Simple Eligibility Criteria that can be met by the majority of people.
  • Free of Collateral: There is no requirement for a collateral security deposit. The loan is unsecured, and the lender does not require a mortgage to be placed on the property.
  • Flexible repayment options: Personal loans are typically repaid in 6 months to 5 years.
  • To process the loan, only the bare minimum of paperwork is required.
  • Easy Process: Applying for a personal loan online is a simple process that allows for speedy approval and disbursement.

How Do I Get A Personal Loan?

To apply for a personal loan with LoanTap, simply follow these simple steps:

Step 1: Make sure you meet the eligibility requirements.

If you need money now, you can apply for a personal loan.

  • Your net monthly income exceeds INR 30,000.
  • You are a citizen of India.
  • You are over the age of 21.

If you meet these requirements, you can go to the next level of the application!

Step 2: Filling Out an Application

At this point, you must either complete an online application on the LoanTap website or download the LoanTap Personal Loan App. The form will ask you for information such as your name, the loan you desire, your residence, the reason for the loan, your employment data, and so on.

Step 3: Add documents to your account

Bid farewell to colossal paperwork! All you have to do now is upload the following files:

  • Aadhaar Card, a government-issued identification card.
  • PAN Card, a government-issued identification card.
  • Salary slip for the previous three months.
  • Bank statement for the last six months’ salary account.

Step 4: Verification 

The LoanTap team will assess your application, confirm your credit score, and review your papers. If you meet all of the requirements for a personal loan and have a decent CIBIL score, your chances of getting your loan application accepted are quite good. Your requested money is disbursed to your specified account once the loan is approved.

Step 5: Disbursement 

The payment is credited to the bank account within 24-36 hours of the online application being submitted. Processing the loan is a piece of cake, with minimal paperwork and only a few mandatory documents that must be submitted online.

The Benefits of Using LoanTap

At LoanTap, we listen to your needs and provide custom solutions to meet them. LoanTap offers personal loans ranging from Rs 50,000 to Rs 10,00,000, with periods ranging from 6 months to 5 years. Annual interest rates begin at 18 percent. You have the option of selecting a flexible repayment plan that meets your requirements. To keep your EMIs low, use a personal loan EMI calculator to determine the optimal term for you. You have the option to prepay or foreclose on all or part of your debt after six months of loan servicing with no penalty.

Personal loans from LoanTap are the ideal short-term financing options, and they’ll save the day on a wet day. They are quick, simple to process, and only require a minimal amount of paperwork. At LoanTap, we strive to make getting a personal loan a pleasurable experience. If you ever require a personal loan for whatever reason, please visit our website at and we will gladly assist you in meeting your finance requirements. Remember, with LoanTap, you’re only a few clicks away from getting your funding resolved.


A personal loan is an unsecured loan that is one of the quickest and simplest to receive on the market. Unlike other loans, such as a home loan or a car loan, where you could only use the loan amount for the stipulated purpose, you can use the loan amount for whatever you like.

You could use a personal loan to fund a dream vacation or your children’s higher education; you could redo your house; buy expensive gadgets; get yourself treated for a medical condition; or you could use the money for your business needs, such as expansion or capital/cashflow; or you could use it as a debt consolidation tool.

Kolkata is one of India’s top metropolitan cities, with a great potential for commercial expansion. It is famed for its seasonal frenzy and old-worldly British elegance. As East India’s most important commercial area, it is home to thousands of people seeking personal loans for weddings, schooling, and other purposes. Apply for a personal loan in Kolkata with LoanTap, the ideal answer for all of your personal finance needs.