Bandhan Bank Personal Loan Interest Rate


Bandhan Bank Personal loan interest rates start at 9.47% for salaried individuals and 10.10% for self-employed professionals / non-professionals, starting 1 April 2025. For cases disbursed in January–March 2025, the rates are going to be 18.50%.

With simplified documentation, competitive interest rates, and flexible tenure, Bandhan Bank caters to both urban and semi-urban borrowers.

Read more to learn about Bandhan Bank's personal loan interest rates, processing fees, eligibility, loan terms, and comparisons with other lenders, based on official data and RBI-compliant pricing models.


The Bandhan Bank personal loan interest rates vary between 9.47% and 12.55% based on the borrower profile.

The bank also follows a fixed interest rate on loans, negating the hassle with repo rates and related charges.

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Table of Contents:

Bandhan Bank Personal Loan Interest Rates

Bandhan Bank Personal loan interest rates start from 9.47% p.a. and may go as high as 18.50%. However, there are certain restrictions, and everyone cannot acquire this immediately.

For salaried individuals, these loans are offered at rates starting from

  • 12.15% p.a. for tenures up to 3 years.
  • 9.47% p.a. for tenures of more than 3 years.

For self-employed individuals, these loans are offered at rates starting from

  • 12.55% p.a. for tenures up to 3 years.
  • 10.10% p.a. for tenures of more than 3 years.

These rates have been effective since April 01, 2025. The personal loan interest rates are fixed, determined primarily by the applicant’s credit profile and repayment capacity.

Bandhan Bank Personal Loan Details

If you are confused with various details related to Bandhan Bank’s personal loan, the following table can help:

Loan Feature Details
Loan Amount Range ₹50,000 to ₹25,00,000
Tenure 12 to 60 months
Disbursal Time Within 2 to 3 working days post-verification
Interest Type Fixed rate (no repo-linkage)
Collateral Not required (unsecured)

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Comparison of Personal Loan Interest Rates

Bandhan Bank offers one of the best personal loan interest rate options out of the most prominent loan providers. This table compares Bandhan Bank's personal loan interest rate with other banks and NBFCs.

Lender Interest Rate (p.a.)
Bandhan Bank 9.47% – 12.55%
Indian Overseas Bank 10.50% – 14.40%
HDFC Bank 10.75% – 24.00%
SBI 11.15% – 13.75%
ICICI Bank 10.85% – 16.60%

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Note: The rates are mostly accurate based on the data at the time of creation of this content. The rates are subject to change at the bank’s discretion.

Bandhan Bank’s entry-level fixed rate of 9.47% is competitive, particularly for salaried individuals with strong credit histories.

Bandhan Bank Personal Loan EMI Calculator

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

The personal loan offered can be repaid as equated monthly instalments (EMI). Calculating EMI can be a tedious process when done manually. Using the Bandhan Bank EMI calculator, you can know your repayment schemes quickly, with minimum chances of error.

Here is a table with sample calculations over typical tenures and various quantum of loans, using an interest rate of 9.50%, for the sake of calculation:

Loan Amount 1 Year 2 Years 3 Years 4 Years 5 Years
₹1 Lakh ₹8,755 ₹4,594 ₹3,211 ₹2,520 ₹2,105
₹2 Lakh ₹17,510 ₹9,188 ₹6,422 ₹5,040 ₹4,210
₹3 Lakh ₹26,265 ₹13,782 ₹9,633 ₹7,560 ₹6,315
₹4 Lakh ₹35,020 ₹18,376 ₹12,844 ₹10,080 ₹8,420
₹5 Lakh ₹43,775 ₹22,970 ₹16,055 ₹12,600 ₹10,525

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Disclaimer: These values are indicative and may vary based on exact terms and borrower risk category.

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Factors That Influence Your Bandhan Personal Loan Interest Rate

While Bandhan Bank offers fixed-rate loans, the assigned rate range depends on various factors like:

  • CIBIL / Credit Score
  • Income Level and Stability
  • Employment Type (salaried vs. self-employed)
  • Repayment History with Any Bank
  • Existing Relationship with Bandhan Bank

Impact of Credit Score on Union Bank Personal Loan Interest Rates

A credit score is a three-digit numerical representation of an individual’s creditworthiness, scored based on past repayment habits. The score ranges from 300 to 900 and shows how reliable you are at repaying the loan.

The impact of credit score on the personal loan interest rate includes:

  • Lower interest rates
  • Pre-approved loan offers
  • Faster loan approval

Effect of Repo Rate Cut on Bandhan Bank Personal Loan

Bandhan Bank personal loans are fixed-rate loans, which are not directly linked to the RBI’s repo rate or any floating interest rate benchmark like RBLR. Therefore, repo rate changes have no immediate impact on your EMI or loan interest.

However, if the bank decides to make changes in the MCLR, the interest rates may have some changes.

Tips to Get the Best Bandhan Personal Loan Interest Rate

Here are some of the important tips one could follow to make sure they could get the best interest rates on personal loans.

  • Improve your credit score and maintain it above 750
  • Apply through pre-approved loan offers
  • Choose shorter loan tenures (lowers risk and rate)
  • Submit full income documentation
  • Avoid frequent unsecured loan applications (hard enquiries)

Frequently Asked Questions

As of 2024, it ranges between 9.47% and 12.55% per annum, depending on the borrower's profile.

The personal loan amount ranges from ₹50,000 to ₹25 lakhs, based on income and repayment capacity.

Loans are typically disbursed within 2–3 working days after all documents are verified.

Yes. Prepayment is allowed after 1 EMI, with a foreclosure charge of 3% on the outstanding amount. However, these charges are subject to variation at the bank’s discretion.

The Bandhan Bank personal loan interest rate is fixed for the entire tenure and is not linked to the repo rate or external benchmarks.

Yes, Bandhan Bank personal loans are unsecured loans that require no security or guarantor.

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