|Loan amount||Rs. 50,000 - Rs. 25,00,000|
|Tenure||Up to 60 months|
|Rate of interest||Starting from 11.55% p.a.|
|Processing fee||Up to 3% of the loan amount|
|Foreclosure charges||Nil for loan amount Rs. 10 Lakhs & above|
|Age||21 - 65 years|
The key features and benefits of Bandhan Bank personal loan are:
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.
To apply for a Bandhan Bank personal loan through our online lending marketplace, you need to complete the steps mentioned below:
The following are the Bandhan Bank personal loan eligibility criteria:
The above documents requirement is not applicable to online application basis pre-qualified offers.
|Type of Charges||Description|
|Processing fee||Up to 3% of the loan amount|
|Cheque bouncing/ failed SI charges||Rs. 500|
|Late payment/ overdue charges||2% per month on EMI outstanding|
|Foreclosure statement charges||Rs. 100|
|Foreclosure charges on fixed rate loan|
|Document retrieval charges||Rs. 500|
|Duplicate statement of account||Rs. 100|
|Duplicate NOC||Rs. 300|
|Stamp duties||Actual 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.
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.
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 required||Rs. 20 Lakhs|
|Tenure of repayment||5 years|
|Interest rate applicable||11.15% p.a.|
|EMI to be paid each month||Rs. 43,635|
|Total interest outgo||Rs. 6,18,076|
|Total amount to be paid to the bank||Rs. 26,18,076|
Here’s the complete amortization schedule for the above illustration:
|Year||Opening Balance||Amount paid by customer (EMI*12)||Interest paid during the year||Principal paid during the year||Closing Balance|
|1||Rs. 2000000||Rs. 305442||Rs. 125119||Rs. 180323||Rs. 1819677|
|2||Rs. 1819677||Rs. 523615||Rs. 185985||Rs. 337630||Rs. 1482047|
|3||Rs. 1482047||Rs. 523615||Rs. 146355||Rs. 377260||Rs. 1104786|
|4||Rs. 1104786||Rs. 523615||Rs. 102073||Rs. 421543||Rs. 683244|
|5||Rs. 683244||Rs. 523615||Rs. 52593||Rs. 471023||Rs. 212221|
|6||Rs. 212221||Rs. 218173||Rs. 5952||Rs. 212221||Rs. 0|
You can view/download your Bandhan Bank personal loan statement online through any of the following methods:
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.
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.
Now get IDFC First Bank personal loan of Rs. 20000 to Rs. 1 Crore at lowest interest rate starting from just 10.49% per annum and the processing fee is 1.5%-2% of the sanctioned limit + GST.
Bandhan Bank offers personal loan amounts ranging between Rs. 50,000 to Rs. 25 Lakhs.
You can repay the borrowed amount within up to 60 months' tenure.
No. It is an unsecured loan, which means no collateral or security is required to avail of this loan.
You can make Bandhan Bank personal loan EMI payments using post-dated cheques (PDCs), standing instructions or by using the ECS facility.