Bandhan Bank offers versatility whether you're looking for a personal loan, a business loan, or a home loan. The Bandhan Bank personal loan starts at an interest rate of 11.55% p.a. with a flexible tenure of 60 months. Bandhan bank loan process is quick and takes only two days for crediting your loan amount.
Bandhan Bank Personal Loan Details
Before getting a loan, it's important to get all the necessary information. To make this process easier, you can find all the information about bandhan bank personal loan interest rates and other details below.
| Interest rate | Starting at 11.55% p.a |
| Loan Amount | ₹ 50,000 - 25 lakhs |
| Tenure | 12 - 60 months |
| Processing Fee | Up to 3% |
Bandhan Bank Personal Loan Interest Rates & Charges
Bandhan bank provides loans for individuals who need personal loans for various purposes. Like any other bank, Bandhan bank also have fees and charges that are levied while taking a personal loan. The table below illustrates the interest rates and charges levied on Bandhan bank personal loan.
| Description | Charges |
|---|---|
| Interest Rate | Starting at 11.55% p.a |
| Processing Fee | Up to 3% p.a. |
| Late Payment | 2% per month on outstanding EMI |
| Cheque Bouncing | Rs 500 |
| Foreclosure Statement | Rs 100 |
| Document Retrieval charges | Rs 500 |
| Duplicate Statement of Account | Rs 100 |
| Duplicate NOC | Rs 300 |
| Stamp Duties | As per state law |
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Note - For all charges Tax will be charged extra wherever applicable.Some Other Charges-
- Part Payment Charges - Part payment allowed up to 25% of Principal Outstanding, only once in a year and twice during Loan tenure (only after repayment of first 12 months EMI)
- Foreclosure charges on Fixed rate -
- 4% of the principal outstanding within the first 12 months.
- 2.5% after 12 months repayment
- No foreclosure charges for loans disbursed of Rs 10 Lacs and above, after 12 EMI, if foreclosed with own funds.
- For foreclosure of loans disbursed under Personal Loan for Bandhan Bank staff of Rs. 10 Lacs there will be a 1% foreclosure charge of principal outstanding (Normal rates are applicable for non banking staff).
Bandhan Bank Personal Loan EMI Calculator
Bandhan Bank offers a Personal Loan service for individuals seeking financial assistance. With the Bandhan Bank Personal Loan EMI Calculator, borrowers can easily determine their Equated Monthly Instalments (EMIs) based on loan amount, interest rate, and tenure.
This helps in planning monthly budgets and ensuring comfortable repayment. Bandhan Bank Personal Loan provides competitive interest rates, flexible tenure options, and a convenient application process, making it a reliable choice for various personal financial needs.
| Monthly EMI | ₹86 |
| Principal Amount | ₹1,000 |
| Total Interest | ₹32 |
| Total Amount | ₹1,032.00 |
Bandhan Bank Personal Loan Eligibility
Bandhan bank personal loan eligibility is simple and accommodative to everyone above the age of 18. Both salaried and self-employed can take a Bandhan bank loan. The table below provides an overview of eligibility criteria for Bandhan bank personal loan.
By referring to the table below you can determine the eligibility to apply for a Navi personal loan online and increase your chances of approval.
Eligibility Criteria for Salaried Employees-
Minimum 1 transaction (customer induced) is required in the main account on a monthly basis. The main account may not be a salary account
Eligibility Criteria Self Employed Professionals & Individuals-
Minimum 1 Debit and 2 Credit transactions (customer induced) required on monthly basis or 12 credit transactions in the last 12 months.(In main account only)
Bandhan Bank Personal Loan Documents Required
Bandhan bank personal loan process, requires certain documents to possess your loan application. Documents are an important aspect in getting a loan, they allow lenders to understand their clients and provide loans.
| Identity Proof | PAN Card, Voter ID, Driving License, Passport |
|---|---|
| KYC | Valid identity/Residence/Signature proof |
| Banking | Latest 3 months salary credited bank statement. |
| Photo | One recent photograph |
Documents Based on Employment status-
Comparison of Bandhan Bank Personal Loan Vs Other Banks
Getting a loan can be tough, and even more confusing when there are so many options, which is why it is important to compare and understand which option is the best for your needs.
Here is a table showing the comparison of Bandhan bank personal loan rates and fee charges with other banks:
| Lender | Interest Rates | Processing Fees |
|---|---|---|
| Bandhan Bank | Starting at 11.55% p.a | Up to 3% |
| IndusInd | 10.49%p.a | 3% onwards |
| SBI | 10.30%-15.10% p.a | Up to 1.50% |
| HDFC | 11.00%p.a onwards | Up to 2.50% |
| ICICI | 10.75% p.a onwards | Up to 2.50% |
| Citibank | 9.99% p.a. To 16.49% p.a. | 0.25% to 3.00% |
| Axis | 10.25%p.a onwards | 1.5% to 2% |
| Yes Bank | 10.99% p.a onwards | 2.50% (one-time fee) |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
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Features of Bandhan Bank Personal Loan
There are many reasons to choose a bandhan bank online loan, they can be versatile and easy to repay with a good range of repayment options and so on. The diagram below to gives a crisp understanding of the range of features and benefits that Bandhan Bank Personal Loan offers-
Easy Documentation
Get instant loans with minimal documentation
Flexible Repayment
Choose your preferred repayment tenure
Fast Credit
Get your loan credited within 2 working days
Low Interest Rates
Starting from 11.55% p.a.
Fast Processing
Faster loan processing time with door step document pick up process
Zero Hidden Charges
No hidden charges and extra penalties
4 Easy Steps to Apply Online for Bandhan Bank Personal Loan with Buddy Loan
Here’s the step-by-step process that you can follow to apply for Bandhan Bank personal loan on Buddy Loan:
Step 1 - Visit - buddyloan.com & install Buddy Loan app
Step 2 - Fill out the application form including the loan amount, the tenure months, and contact details.
Step 3 - Fill out the eligibility form and provide:
- Email Address
- employment type: Salaried/ self-employed
- Company Type
- Industry Type
- Current Company Name
- Company Address
- Year of Employment
- Net Income
- Mode of Salary
- PAN Card Details
- Full Name (As Per Pan Card)
- Current Address with PIN Code
- Mobile Number
Step 4 - Cross verify the given information and submit the application.
Ready to take next step ?
Frequently Asked Question on bandhan bank Personal Loan
Yes, you can get a personal loan from Bandhan Bank if you meet the eligibility criteria. You can check if you are eligible or not from the criteria mentioned above.
The interest rate of Bandhan Bank Personal Loan starts at 11.55% p.a.
Bandhan Bank requires you to have a minimum of 650 cibil score, it can change and vary at the discretion of the bank.
Bandhan bank personal loan takes 2 working days to approve your loan application.
The minimum age for applying for a Bandhan Bank Personal Loan is 21 years and the maximum age is 60 years for salaried individuals and 65 years for self-employed individuals.
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