Whether it’s a personal loan or a home loan, getting loans in Kolkata needs to be pursued with a serious approach. You shouldn’t just walk into any bank and take a loan without having sound information about the terms and conditions of it. We know that you need to secure funding for various reasons, like achieving personal milestones, expanding business operations, starting a new venture, and acquiring assets. It could be for more personal reasons, like purchasing a dream home, funding a wedding, or leveraging your property for liquidity.
Today, Market Miinds, one of the leading financial advisors in Kolkata, will help you make the right decision by providing you with a comprehensive guide to the loans in Kolkata of India’s top financial institutions, such as Axis Bank, HDFC Bank, IndusInd Bank, Yes Bank, HSBC, ICICI Bank, IDFC FIRST Bank, and State Bank of India (SBI). We analyse interest rates and features to help you make an informed decision. So, without wasting any further time, let us get started.
Personal Loans in Kolkata: Unsecured Funding for Immediate Needs
These are the most sought-after loans in Kolkata and for good reasons, as among all loans, it is the most accessible. They are versatile and can be used for medical emergencies, travel, debt consolidation, or home renovation. However, keep in mind that these loans are unsecured as well.
By late 2025, banks will have become more aggressive with digital disbursements, often approving loans for pre-qualified customers within minutes. Let’s take a look at the latest updates as of November 2025, including the interest rates and unique offerings each bank provides for personal loans.
| Banks | Interest Rate Trends & Features |
|---|---|
| HDFC Bank | They offer rates starting as low as 9.99% p.a. for government employees and select corporate accounts. They also offer a “10-second loan” for existing and qualified customers. |
| SBI (State Bank of India) | Offers some of the most transparent rates, typically pegged to the External Benchmark Lending Rate (EBLR). Rates generally range from 10.05% to 15.05% p.a., with lower processing fees compared to private peers. |
| ICICI Bank | Focuses on digital ease with its Insta Personal Loan. Interest rates hover between 10.80% and 16.15% p.a. |
| Axis Bank | Offers competitive rates starting at 10.99% p.a., often waiving foreclosure charges for loans that have run for a specific period. |
| IDFC FIRST Bank | Known for its customer-friendly policies, offers rates starting from 10.75% p.a. and often does not charge foreclosure fees on personal loans after 6-12 months. |
| IndusInd Bank | Rates typically start from 10.25%, catering to a wide range of credit profiles. |
| HSBC | Targets premium customers with rates starting from 9.99% p.a., usually requiring a higher minimum salary eligibility. |
| Yes Bank | Rates generally fall between 10.99% and 20.00% p.a., with flexible tenure options up to 60 months. |
Pro Tip: If you have a salary account with HDFC, ICICI, or Axis, check for pre-approved offers first, as they often carry the lowest rates and zero documentation requirements.
Business Loans in Kolkata: Fueling Enterprise Growth
Today’s vast and emerging new markets bring opportunities for new startups to create a place for themselves. However, to do that, one needs the essential funding, which banks are happy to provide. Additionally, business loans in 2025-26 are increasingly categorised into MSME loans, working capital, and term loans. The government’s push for MSME support has led banks like SBI and Axis to offer linked rates that are highly competitive.
For example, as we mentioned earlier, SBI has become the go-to for affordable business credit. Their MSME loans can start as low as 8.00% – 9.00% p.a. for priority sectors. Furthermore, the processing is thorough yet offers the best long-term value. On the other hand, Axis Bank is also known for quick turnaround times on loans up to ₹50 Lakhs. Where rates are generally 11.00% – 25.00% p.a.
HDFC also offers business loans in Kolkata up to ₹75 Lakhs, though unsecured. Interest rates range from 10.75% to 25.00% p.a., depending on the business vintage and turnover. ICICI Bank is also a popular choice as it provides robust overdraft facilities and term loans. Rates sit in the 13.25% – 19.50% range for unsecured business loans.
IDFC FIRST Bank is another strong contender for small businesses, by offering collateral-free loans with rates starting from 14.00% p.a. But, you can look at IndusInd Bank, who focus on trade and working capital requirements, with rates between 10.49% and 19.00% p.a. Yes Bank provides customized solutions for healthcare and manufacturing sectors, with interest rates ranging from 11.25% to 21.00% p.a. However, HSBC caters to corporate and mid-market businesses, offering tailored working capital solutions with rates typically based on the company’s balance sheet.
Home Loans in Kolkata: The Path to Ownership
Home loan rates are the lowest among all loan categories because they are secured. In 2025, the Repo Rate remains a critical factor, with most banks offering Repo Linked Lending Rates (RLLR). On the other hand, some banks like SBI continue to offer a concession (typically 0.05%) for women borrowers and maintain the largest home loan book in the country.
Moreover, after the merger with HDFC Ltd, HDFC Bank now directly handles home loans, offering seamless transitions for banking customers. Now that we have cleared a few things up, let us have a look at each bank’s Current Interest Rates (Floating):
| Banks | Interest Rate Range (p.a.) | Processing Fee |
|---|---|---|
| SBI | 7.50% – 10.75% | Low (often ~0.35%) |
| HDFC Bank | 7.90% – 13.20% | Up to 0.50% or ₹3,000 |
| ICICI Bank | 8.75% – 11.80% | 0.50% – 2.00% |
| Axis Bank | 8.35% – 11.90% | Up to 1% (Min ₹10k) |
| Kotak / HSBC | 7.70% – 12.75% (HSBC) | Generally ~1% |
| IDFC FIRST | 8.85% onwards | Up to 3% |
| IndusInd | 7.90% – 9.61% | Up to 1.5% |
| Yes Bank | 9.00% – 11.50% | 1.5% or ₹10,000 |
Loan Against Property (LAP): Unlocking Real Estate Value
LAP is an excellent tool for raising large amounts of capital at rates lower than personal or business loans. It involves pledging residential or commercial property. However, you must remain confident that you can pay back the amount, as failure will result in losing the property. With that being said, what are the rates SBI offers? Well, it is the only bank offering one of the lowest LAP rates, typically 9.20% – 10.50% p.a., with a tenure up to 15 years.
HDFC Bank offers interest rates ranging from 9.05% to 13.50% per annum and is aggressive in its valuations, providing high Loan-to-Value (LTV) ratios. Axis Bank also has competitive rates, which fall between 10.50% and 10.95% per annum. Additionally, ICICI Bank provides a Loan Against Property (LAP) with overdraft facilities, allowing customers to draw from a set limit. Their rates range from 10.60% to 12.25% per annum.
When it comes to IDFC FIRST Bank, they start at 9.25% p.a. and are known for accepting a wider variety of property types (e.g., industrial, warehouse). HSBC also offers “Smart LAP” options where you can park surplus funds in a linked account to save on interest. Rates start around 9.05%. Whereas, IndusInd and Yes Bank generally offer rates in the 10.35% – 12.50% range, often with faster processing for self-employed professionals.
Why Market Miinds Can Be the Correct Financial Guide for Loans in Kolkata?
It is important to have someone who can help you make the best decision possible, especially if it involves opting for loans in Kolkata. This is where Market Miinds comes in as the most reliable financial advisor in Kolkata! We do thorough market research and present you with the most optimal option to improve your financial standing. Therefore, if you want a full analysis of your financial health, book an appointment for a one-to-one meeting with Market Miinds.
FAQs
- Best bank for Home Loan transfer?
- SBI and HSBC are leading options, with starting rates around 7.50% to 7.70%. It’s important to consider processing fees and legal costs prior to making a switch to guarantee overall savings.
- Can I get a collateral-free business loan?
- Yes, HDFC, Axis, ICICI, and IDFC FIRST provide unsecured loans ranging from ₹50 to ₹75 Lakhs. Keep in mind that the interest rates (13%–18%) are higher compared to those of secured loans.
- Does IDFC FIRST offer interest-free cash withdrawal?
- Yes, you can have up to 48 days without interest charges. However, each transaction incurs a one-time cash advance fee of approximately ₹250.
- LAP vs. Personal Loan?
- LAP is better for large needs, with lower rates (9%-10.5%) and longer terms (15+ years), while personal loans are pricier (11%-14%) and limited to 5 years.
