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!
A Bandhan Bank Personal Loan can help you fulfil your financial needs and ambitions. This loan enables you to borrow amounts of up to ₹25 Lakhs at interest rates starting from just 9.47% p.a. You can also benefit from a flexible tenure of up to 60 months. The verification, approval, and disbursal processes 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 |
*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
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
There are a few documents required for the application process of a Bandhan Bank Personal Loan. They are as follows:
Identity and Address Proof: Any of the following:
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.
How to Apply
Follow these simple steps to apply for a Bandhan Bank Personal Loan online:
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Visit the official portal of Bandhan Bank and navigate to the personal loan page
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Click on ‘Apply now’ and fill the online form with basic information
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Cross-check the data entered and click on ‘Submit’
Following this, your information will be verified. After this, 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.
Also Check Other Lenders Personal Loan Options |
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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.
In case of prepayment of a personal loan, does Bandhan Bank charge a fee?
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
How can I get in touch with Bandhan Bank’s customer care team?
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
