Bandhan Bank Car Loan

Bandhan Bank offers car loans for new cars and used with interest rates starting from 9.47% p.a. and 12.15% p.a., respectively. You can apply for the car loans online and the process is simple. 

Updated On - 05 Sep 2025
Animated CTA

Bandhan Bank Car Loan Interest Rates

The interest rates that are levied by Bandhan Bank on its car loans are mentioned in the table below:

Type of Loan

Interest Rates

New Car

More than 3 years: 9.47% p.a. onwardsUp to 3 years: 12.17% p.a. onwards

Used Car

12.15% p.a. onwards

Bandhan Bank Car Loan Eligibility Criteria

The eligibility criteria that must be met to avail a car loan from Bandhan Bank are mentioned below:

  1. Non-individual entities, self-employed non-professionals, self-employed professionals, and salaried employees can apply for the loan.
  1. Self-employed individuals must be at least 23 years old.
  1. Salaried employees must be at least 21 years old.

Bandhan Bank Car Documents Required

The documents that must be submitted to avail a car loan from Bandhan Bank are mentioned below:

  1. Bank account statement.
  1. Proof of income.
  1. Proof of address.
  1. Proof of identity.
  1. Pro forma invoice of the car that you want to purchase.

Bandhan Bank Car Loan Features and Benefits

The main features and benefits of the car loan offered by Bandhan Bank are mentioned below:

  1. Minimal documents must be submitted.
  1. Up to 90% of the on-road price of a new car will be provided as a loan.
  1. The repayment tenure is up to 84 months.
  1. The loan amount ranges between Rs.1 lakh and Rs.1.5 crore.

Bandhan Bank Car Loan Schedule of Charges

The different fees and charges levied by Bandhan Bank on its car loan are mentioned in the table below:

Category 

Charges

Legal Charges 

At actuals

Loan Cancellation Charges

Up to Rs.4,500

Statement of Account

Rs.500

Pre-closure Charges 

Floating Rate: NilFixed Rate: 4% of the principal amount that is pending

Part Payment 

Floating Rate: No chargesFixed Rate:Allowed yearly once after the first six monthsMaximum 25% of the principal amount4% will be levied if more than 25% of the principal amount

Penal Charges

Rs.200 for every Rs.10,000

Bounce Charges

Rs.500 for every instance

Stamp Duty

As per actuals 

Processing Fee

Up to 4% of the loan amount

How to Apply for a Bandhan Bank Car Loan?

The process that must be followed to apply for a car loan offered by Bandhan Bank is mentioned below:

  1. Visit https://www.bandhanbank.com/personal/loan/car-loan#rctabfour
  1. Click on ‘Apply Now’.
  1. Enter your name, email ID, mobile number, pincode, and city.
  1. Agree to the terms and conditions.
  1. Click on ‘Submit’.
  1. A Bandhan Bank representative will contact you to process the request.
Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.