Bandhan Bank Personal Loan

Below are the Bandhan Bank Personal Loan interest rates and other key details of the Bandhan Bank personal loan:

Below are the interest rates and charges applicable to the Bandhan Bank personal loan: 

• Interest rate: Starts from 8.82% p.a (more than 3 years) & 9.40% p.a (up to 3 years).
• Processing fee: Up to 3% of the loan amount.
• Cheque bouncing/ failed SI charges: ₹500.
• Late payment/ overdue charges: ₹200 per ₹10,000 of EMI dues.
• Part payment charges: Nil.
• Foreclosure charges on a fixed-rate loan: Up to 4% of the principal outstanding.
• Foreclosure statement charges: ₹100.
• Document retrieval charges: ₹500.
• Statement of account charges: ₹100.
• Duplicate NOC: ₹300.
• Stamp duties: Actual as per State law.

*Note: Goods and Services Tax (GST) will be charged additionally as per the applicable rates, on all the charges (wherever GST is applicable).

The key features and benefits of the Bandhan Bank personal loan are as follows:

• Loans available for different purposes like marriage, travel, education, medical expenses, etc.
• The loan amount ranges from ₹50,000 to ₹25,00,000.
• Attractive rate of interest, starting from just 8.82% p.a.
• Easy to meet Bandhan Bank Personal Loan eligibility criteria.
• The loan can be repaid in a flexible tenure of up to 60 months.
• Faster processing time with doorstep document pickup.
• The part-payment feature is available at zero additional charges.
• Zero foreclosure charges for a loan amount of ₹10 Lakhs or more.

Here is the comparison of Bandhan personal loan with other bank personal loans:

The following are the Bandhan Bank personal loan eligibility criteria:

• Occupation: Applicants must be salaried, self-employed professionals (SEP) or self-employed non-professionals (SENP).
• Minimum age at loan application: At least 21 years for salaried individuals and 23 years for self-employed.
• Maximum age at the time of loan maturity: Up to 60 years for salaried and 65 years for self-employed.
• Other requirements for salaried applicants: Minimum 1 customer-induced transaction in their salary account every month. 
• Other requirements for SEP and SENP: Minimum 1 debit and 2 credit customer-induced transactions every month or 12 credit transactions in the last 12 months (in the main account only).

Bandhan Bank personal loan application requires the following documents:

• One recent photograph of the applicant.
• Identity & address proof: Passport/ Driving License/ Proof of Aadhaar Number Possession/ Voter's ID card issued by the Election Commission of India/ Job Card issued by NREGA (duly signed by an officer of the state government)/ letter issued by the National Population Register (NPR) containing details of name & address (any one).
• Income documents for salaried applicants: Last 3 months’ Salary Slips and Salary Account Statement. 
• Income for self-employed applicants: Income Tax Return (ITR) with computation and last 12 months’ main Business Account Statement. 

*The above document requirement does not apply to online application-based pre-qualified offers.

To apply for a Bandhan Bank personal loan online, you can opt for our online lending portal. The steps are mentioned below:

• If you fulfil the required Bandhan Bandhan personal loan eligibility criteria, click on the Apply Now button for instant application online.
• Fill out the form and submit the required documents.
• Submit the form. 
• If approved, the loan will be disbursed within a few hours of approval.

You can connect with the Bandhan Bank loan customer care team through any of the following ways:

• WhatsApp Banking: +91 87 3000 3000
• Toll-free Helpline Number: 1800-258-8181
• Customer Care Number: 033-6633-3333
• Customer Care Email: customercare@bandhanbank.com