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Bandhan Bank Personal Loan Details

FeatureDetails
Loan amount Rs. 50,000 - Rs. 25,00,000
TenureUp to 60 months
Rate of interestStarting from 11.55% p.a.
Processing feeUp to 3% of the loan amount
Foreclosure charges Nil for loan amount Rs. 10 Lakhs & above
Age21 - 65 years

Features & Benefits of Bandhan Bank Personal Loan

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

  • Get loans for different needs like marriage, travel, education, medical expenses, etc.
  • The loan amount ranges from Rs. 50,000 to Rs. 25,00,000.
  • The bank offers an attractive rate of interest, starting from just 11.55% p.a.
  • Repay the loan in flexible repayment tenure of up to 60 months.
  • Faster loan processing time with doorstep document pickup.
  • The part-payment feature is available.
  • Nil foreclosure charges for loan amount of Rs. 10 Lakhs or above.

Bandhan Bank Personal Loan Interest Rates

Bandhan Bank personal loan interest rates are competitive and start from as low as 11.55% p.a. These interest rates are effective from April 1, 2023. The actual rate of interest on the loan is based on various factors such as loan amount, eligibility of the borrower, customer relationships, etc. 

How to Apply for Bandhan Bank Personal Loan?

To apply for a Bandhan Bank personal loan through our online lending marketplace, you need to complete the steps mentioned below:

  • Check your Bandhan Bandhan personal loan eligibility using the calculator.
  • If you fulfil the required criteria, click on the ‘E-connect’ button for instant application online.
  • Fill up the form and upload the required documents.
  • Submit the form. 
  • The loan will be disbursed within a few hours of approval.

Bandhan Bank Personal Loan Eligibility Criteria

The following are the Bandhan Bank personal loan eligibility criteria:

  • The applicant must be a salaried, self-employed professional (SEP) or self-employed non-professional (SENP).
  • The minimum age required for salaried individuals is 21 years and 23 years for self-employed.
  • The maximum at the time of loan maturity is 60 years for salaried and 65 years for self-employed.
  • For salaried applicants, a minimum of 1 transaction (customer induced) is required in their main account (which should not be a salary account) on a monthly basis. 
  • For SEP and SENP, a minimum of 1 Debit and 2 Credit transactions (customer induced) are required on a monthly basis or 12 credit transactions in the last 12 months (in the main account only).

Bandhan Bank Personal Loan Documents Required

  • One recent photograph of the applicant.
  • Identity and address proof: Passport/ PAN Card/ Voter ID Card/ Driving License/ Aadhaar Card (any one).
  • Last 3 months’ Salary Slips and 1 year’s Form 16 for salaried applicants. 
  • Income Tax Return (ITR) for the last 2 years with Computation of Income, Balance Sheet, and Profit & Loss Account Statement for self-employed applicants.

The above documents requirement is not applicable to online application basis pre-qualified offers.

Bandhan Bank Personal Loan Fees & Charges

Type of ChargesDescription
Processing feeUp to 3% of the loan amount 
Cheque bouncing/ failed SI chargesRs. 500
Late payment/ overdue charges2% per month on EMI outstanding 
Foreclosure statement chargesRs. 100
Foreclosure charges on fixed rate loan
  • Within the first 12 months: 4% of the principal outstanding
  • After 12 months: 2.5% 
  • No foreclosure charges for loan amount Rs. 10 Lakhs and above, after 12 EMI, if foreclosed with own funds
  • For loans disbursed under Personal Loan Staff of Below Rs. 10 Lakhs: 1% foreclosure charge of principal outstanding, for active Bank staff at the closure time, or else normal rates to be applicable
Document retrieval chargesRs. 500
Duplicate statement of accountRs. 100
Duplicate NOCRs. 300
Stamp dutiesActual as per State law

*Note: Applicable Goods and Services Tax (GST) will be charged additionally on all the charges and fees (wherever applicable) mentioned above.

Bandhan Bank Personal Loan Verification Process

The Bandhan Bank personal loan verification and approval process is simple and instant for existing Bandhan Bank customers. They can easily apply online and get pre-approved offers on personal loans at attractive interest rates. The approved loan amount is directly credited to their bank account instantly.

For other customers, the application process is different. The applicant needs to apply for the personal loan online or by visiting the nearest Bandhan Bank branch. They can also contact the Bandhan Bank customer care team to proceed with the application process.

After the application, a Bandhan Bank representative will then collect the application form and all the required documents required for verification. A background check will be done on the customer’s personal and professional information. In case any discrepancies are found with the information provided, your Bandhan Bank personal loan application is denied. 

After passing the document verification and eligibility criteria, the loan approval status moves to the final level, where the interest rate and tenure are fixed and shared with the applicant for their acknowledgement. You can also call the Bandhan Bank personal loan customer care for follow-up on the process.

How to Calculate Bandhan Bank Personal Loan EMI?

Calculating your Bandhan Bank Personal Loan EMI is easy with Bandhan Bank Personal Loan EMI Calculator available on our website. We provide you with a free online EMI Calculator with which you can get the EMI details instantly. The calculator also helps you in the assessment of your Bandhan Bank personal loan eligibility. You just have to enter a few details, such as the interest rate, loan amount, and tenure, to get the result. 

Our Personal Loan EMI Calculator gives you the complete amortization schedule.

Here’s an example:

Loan amount requiredRs. 20 Lakhs
Tenure of repayment5 years
Interest rate applicable11.15% p.a.
EMI to be paid each monthRs. 43,635
Total interest outgoRs. 6,18,076
Total amount to be paid to the bankRs. 26,18,076

Here’s the complete amortization schedule for the above illustration:

YearOpening BalanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the yearClosing Balance
1Rs. 2000000Rs. 305442 Rs. 125119 Rs. 180323Rs. 1819677
2Rs. 1819677Rs. 523615Rs. 185985 Rs. 337630 Rs. 1482047
3Rs. 1482047 Rs. 523615 Rs. 146355 Rs. 377260Rs. 1104786
4Rs. 1104786Rs. 523615 Rs. 102073 Rs. 421543 Rs. 683244
5Rs. 683244 Rs. 523615 Rs. 52593Rs. 471023 Rs. 212221
6Rs. 212221 Rs. 218173 Rs. 5952 Rs. 212221 Rs. 0

Bandhan Bank Personal Loan Statement Online

You can view/download your Bandhan Bank personal loan statement online through any of the following methods:

Internet Banking

If you have Bandhan Bank net banking facility, you can view and/or download your loan statement for the last 6 months statement, the current financial year or any selected time period statement, online.

  • Login to Bandhan Bank net banking account. 
  • Click on ‘My Accounts – Account Statement’.
  • On the next screen, select your account number and the time period (past month, past 6 months, current/ previous financial year, etc.) or select date range, and click ‘Submit’.
  • Now you can view your loan transaction history for a selected period. 
  • To download and your statement PDF file, select the ‘PDF’ option and click on the ‘download’ button.

Mobile Banking

  • You can also check your loan transaction details using the Mobile Banking app of the bank.
  • Download and log in to the Mobile Banking app. 
  • Tap on ‘Transaction Accounts’.
  • Tap on ‘Detailed statement’ and choose the date range.
  • On the next screen, you can view your loan account statement for the selected date range.

Register for Monthly Email Statement

If you are a Bandhan Bank customer, you can register for the monthly email statement facility and get the account statement in a PDF file every month on your registered email ID.

Bandhan Bank Personal Loan Customer Care

  • Customer Care Email: customercare@bandhanbank.com
  • Customer Care Helpline (Toll-free): 1800-258-8181
  • Customer Care Number: 033-4409-9090, 033-6633-3333, 033-4090-3333
  • Visit Head Office: Floors 12-14, Adventz Infinity@5, BN 5, Sector V, Salt Lake City, Kolkata 700091.

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Bandhan Bank Personal Loan FAQs.

✅How much personal loan amount I can avail of from Bandhan Bank?

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Bandhan Bank offers personal loan amounts ranging between Rs. 50,000 to Rs. 25 Lakhs.

✅What is the maximum repayment tenure for Bandhan Bank personal loan?

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You can repay the borrowed amount within up to 60 months' tenure.

✅Do I need to provide collateral to avail of a personal loan from Bandhan Bank?

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No. It is an unsecured loan, which means no collateral or security is required to avail of this loan.

✅What are the different modes of repayment for Bandhan Bank personal loan EMIs?

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You can make Bandhan Bank personal loan EMI payments using post-dated cheques (PDCs), standing instructions or by using the ECS facility.