Get Lowest Personal Loan Interest Rate ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

**Disclaimer: Bandhan Bank is not a Bajaj Markets partner. Offers would be from partner Banks/NBFCs only.

Bandhan Bank is one of India's leading private sector banks. Its headquarters is situated in Kolkata, West Bengal. This bank has over 500 branches across the country with more than 2,25,00,000 customers. They provide their services to NRIs, corporates, retail customers, the MSME sector, and many more. It has already attracted significant attention due to its innovative schemes and high-quality customer service. 

Bandhan Bank Personal Loan Interest Rate

Bandhan Bank provides an array of credit schemes and loan options suitable for all customers. A personal loan is one of the main attractions in this respect. It is structured to facilitate easy disbursal and repayment options for all its customers. It helps them meet their financial requirements at affordable interest rates and flexible EMI options as well. 

Bandhan Bank's personal loan starts with an interest rate of  10.5% per annum. The bank provides loans of up to Rs. 15 Lakhs with tenures of up to five years. The bank disburses the loan amount within 2 working days post the verification and approval process. The following table highlights its key features:

Bandhan Bank Personal Loan Highlights

Interest Rate

10.50% per annum onwards

Loan Amount

Rs. 50,000 to Rs. 15,00,000

Loan Tenure

1-5 years

Processing Fees

1% of Total Loan Amount 

Disclaimer: The loan amounts mentioned above may change from time to time based on the financial institutions’ policies. 

For more information about the interest rates and the EMI options, it is recommended that the customers visit the Bandhan Bank's official web pages. 

Features and Benefits of Bandhan Bank Personal Loan

  • Competitive Interest Rates: Bandhan Bank personal loan offers interest based on the marginal cost of the lending rate. This interest rate range lies between 10.50% to 20.75% per annum.

  • Minimal Paperwork: Bandhan Bank personal loan only requires a few documents for approval. These may include your proof of identity, residency, income, and nominee statement.

  • Fastest Approval: There is no requirement to provide any security or collateral since this is an unsecured loan. Due to this, the approvals are quick and hassle-free since there aren't a lot of other formalities. It takes a maximum of 48 hours for disbursal of the loan amount into your savings bank account.

  • Flexible Tenure: The repayment of the loan can be made in Equated Monthly Instalments (EMIs) ranging from a period of 12 months to 36 months.

  • No Hidden Charges: There is great transparency to ensure the presence of no hidden charges.

  • Active Customer Support: Bandhan Bank provides immaculate and round-the-clock customer support for all its account holders and personal loan benefactors. 

Bandhan Bank Personal Loan Eligibility

The criteria for Bandhan Bank personal loan eligibility are as follows: 

  • Individuals who are self-employed or salaried, both are eligible to apply.

  • The minimum age to apply for a Bandhan Bank personal loan is 21 years.

  • CIBIL Score minimum of 750 is required.

  • There is a maximum age for a personal loan as well. The applicant shouldn't be more than 57 years by the time of loan maturity.

  • A minimum relationship of six months is required with the bank before applying for a personal loan. 

  • There should be at least one debit and credit-induced operation per month in the applicant's bank account. As in, they must have an active savings account.

Bandhan Bank Personal Loan EMI Calculator

If you're curious about your EMI while availing of a Bandhan Bank personal loan, then the Personal Loan EMI calculator would be the perfect tool. This tool uses loan amount, interest rate, and tenure to calculate your EMI without any hassle. 

** The above charges are excluding taxes
* Placeholder for disclaimers on Interest and Charges page
 **These are indicative and subject to change at the discretion of lender/ without prior notice.

 

The following table displays the EMI, interest outgo, and total repayment amount for different tenures:

Loan Amount

Interest Rate 

Tenure 

Monthly Instalment

Total Interest Amount

Total Amoun

t

₹ 5,00,000

12%

11 year

₹ 44,424

₹ 33,093

₹ 5,33,093

₹ 5,00,000

12%

23 years

₹ 23,537

₹ 64,882

₹ 5,64,882

₹ 5,00,000

12%

35 years

₹ 16,607

₹ 97,858

₹ 5,97,858

How to Apply for Bandhan Bank Personal Loan

Bandhan Bank Personal Loan application can be done through an online process as well as an offline process. Applicants need to follow only a few simple steps as mentioned below:

  1. Visit Bandhan Bank Official Website

  2. Fill out the online application for a personal loan.

  3. Click on submit and wait for bank executives to get back to you and instruct you about further proceedings such as document verification and loan account activation.

  4. To apply for it offline, visit your nearest Bandhan Bank branch.

Documents Required for Bandhan Bank Personal Loan

There are a handful of documents required to apply for a Bandhan Bank personal loan. They are as follows:

1. Identity and address proof.

  • Passport
  • PAN card
  • Voter ID card
  • Driving licence
  • Aadhaar card

2. Two recent photographs

3. The last 3 months’ salary slip and Form-16.

4. Income Tax Return (ITR) for the last 2 years with balance sheet and income computation. For self-employed individuals, a P&L account statement may be necessary. 

While there is an array of options to choose from, a Bandhan Bank Personal loan remains one of a kind. It offers quick and hassle-free approvals, and the interest rates are also quite low. To know more about its benefits and further processes, visit the official website of Bandhan Bank.

Frequently Asked Questions

  • ✔️What is the maximum Personal Loan amount that Bandhan Bank can sanction?

    The maximum amount that a Bandhan Bank personal loan can sanction is Rs. 15,00,000.

  • ✔️Is there an age limit for applying for a Bandhan Bank Personal Loan?

    You should be between the ages of  21 and 57 to apply for a personal loan at Bandhan Bank.

  • ✔️How much time is taken for the Bandhan Bank Personal Loan to be approved?

    A personal loan at Bandhan Bank can be approved within 2 working days of applying. After performing due diligence on the application and the related documents that are submitted.

  • ✔️How can I calculate Bandhan Bank Personal Loan EMI?

    Anyone can easily calculate their Bandhan Bank Personal Loan EMI with the help of an EMI calculator 

  • ✔️How can I get in touch with Bandhan Bank customer care?

    You can reach Bandhan Bank's personal loan customer care at the following contact number 1800 258 8181.