Here is everything you need to know about Bandhan Bank Personal Loan
Get Lowest Personal Loan Interest Rate ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!
Bandhan Bank offers personal loans of up to ₹25 Lakhs at interest rates starting from just 9.47% p.a. It comes with a flexible repayment tenure of up to 60 months. The verification, approval, and disbursal processes for this loan are usually completed within 2 days.
The following table shows the interest rates and charges of a Bandhan Bank Personal Loan:
Interest Rate |
9.47% p.a. onwards |
Processing Fees |
Up to 3% of the loan amount |
Late Payment |
2% of the outstanding EMI per month |
Foreclosure Charges |
|
Cheque Bounce Charges |
₹500 |
Document Retrieval charges |
₹500 |
Duplicate Statement of Account |
₹100 |
Duplicate NOC |
₹300 |
Stamp Duties |
Actual as per state laws |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
For more information about the interest rates and EMI options, visit Bandhan Bank's official website.
Features and Benefits of a Bandhan Bank Personal Loan
Competitive Interest Rates
Personal loan interest rates offered by Bandhan Bank start from just 9.47% p.a.
Minimal Paperwork
Simply submit your proof of identity, address, and income to apply for the loan
Rapid Disbursal
Post-approval, the loan amount may be credited to your account within 48 hours
Flexible Tenure
Repay the loan over tenures of up to 60 months at your convenience
No Hidden Charges
Be assured of zero hidden charges and complete transparency throughout the application process
Active Customer Support
Bandhan Bank provides round-the-clock customer support to all its customers
The criteria for Bandhan Bank Personal Loan eligibility are as follows:
You must be a self-employed or salaried individual
You should be at least 21 years old
You must not be more than 65 years old at the time of loan maturity
You must have an active Bandhan Bank account with at least 1 transaction each month.
Good CIBIL score is recommended
There are a few documents required for the application process of a Bandhan Bank Personal Loan. They are as follows:
KYC document
Passport
PAN card
Voter ID
Driving licence
Aadhaar card
One recent photograph
Salary slip of last 3 months and Form-16
ITR filings, balance sheets, income computations, and P&L account statements*
*Applicable for self-employed applicants only.
This is not a comprehensive list of the criteria and documents required. Contact the bank or visit their official website for further details.
Follow these simple steps to apply for a Bandhan Bank Personal Loan online:
Visit the official portal of Bandhan Bank and navigate to the personal loan page
Click on ‘Apply now’ and fill the online form with basic information
Cross-check the data entered and click on ‘Submit’
Following this, your information will be verified. A bank representative will reach out to you for further proceedings. To apply for it offline, visit your nearest Bandhan Bank branch. All you have to do is fill out the form and submit the required documents.
You can reach out to the customer care team of Bandhan Bank through the following points of contact:
Customer care no.: 033-4409-9090
E-mail ID: customercare@bandhanbank.com
- Address: Floors 12-14, Adventz Infinity@5, BN 5, Sector V, Salt Lake City, Kolkata 700091
Other Lenders Available on Bajaj Markets |
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Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Frequently Asked Questions
What is the maximum personal loan amount that Bandhan Bank can sanction?
The maximum amount that a Bandhan Bank can sanction as a personal loan is ₹25 Lakhs.
Is there an age limit for applying for a Bandhan Bank Personal Loan?
You must fall under the age bracket of 21 to 65 years to apply for a personal loan from Bandhan Bank.
How long does it take for a Bandhan Bank Personal Loan to be disbursed?
A personal loan from Bandhan Bank is usually credited to your bank account within 2 working days.
How can I calculate the probable EMI of a Bandhan Bank Personal Loan?
You can easily calculate your EMI with the help of a digital EMI calculator.
Does Bandhan Bank charge a fee if I prepay my personal loan?
Bandhan Bank charges a prepayment fee for personal loans. These are as follows:
Within the first 12 months: 4% of the principal outstanding
After 12 months of repayment: 2.5% of the principal outstanding
No foreclosure charges for loans of ₹10 Lakhs and above after 12 EMIs have been paid
What are the tenure options I can choose from when getting a Bandhan Bank Personal Loan?
You can get a personal loan with a tenure of 12 to 60 months from Bandhan Bank.
How do I know the application status of my personal loan from Bandhan Bank?
To check the status of your Bandhan Bank Personal Loan, reach out to the customer service team. They will provide you with the required details. You can also log into the official web portal of Bandhan Bank to access the information.
Can I get a long-term personal loan from Bandhan Bank?
A long-term personal loan usually has a tenure of 3 years or more. Thus, it is possible to get a long-term loan from Bandhan Bank as it offers a repayment period of up to 5 years with its personal loans.
