• Custom Free
     

    Custom quote

    • Bandhan Bank Personal Loan

    Loading your search...
    • Bandhan Bank offer personals loans for every need of an individual. The bank also offers multiple customising options to fit the requirement of an applicant.
    More
    Icon for Personal Loan Eligibility
    Click here to
    Check your Eligibility!

    Features of Bandhan Bank Personal Loan

    • Quick disbursal of loan amount (within 2 working days).
    • Competitive interest rates.
    • Quick online eligibility check and application.
    • Hassle-free application process.
    • Flexible repayment tenure ranging from 12 months to 36 months.
    • Active customer support for convenient resolution of issues.
    • Special offers for existing customers of Bandhan Bank.

    Loan Overview

    Interest Rate Minimum: 15.00% p.a.
    Maximum: 15.45% p.a.
    Loan Amount Minimum: Rs.1 lakh
    Maximum: Rs.5 lakh
    Benefits Online eligibility check with minimal documentation and competitive interest rates, loan amount, and charges.
     

    Fees and charges

    Processing charges 1% of the loan amount + applicable GST
    Prepayment charges Nil (prepayment allowed only after the payment of first 6 EMIs)
    Late payment charges 24% p.a. on the outstanding amount from the date of default
    Stamp duty As per the law applicable in the state
    Other statutory charges As per the law applicable in the state
    Cheque bounce Rs.300 for each bounced cheque + applicable GST
     

    Eligibility criteria for Bandhan Bank Personal Loan

    • Employment status of the applicant: The applicant should be a self-employed individual or a salaried individual with regular income.
    • Minimum age: The applicant should be at least 21 years old at the time of applying for the loan.
    • Maximum age: The applicant should not be more than 60 years old at the time of applying for the loan.
    • Minimum relationship with the bank: The applicant will be required to have at least 6 months of relationship with Bandhan Bank in order to be eligible for a personal loan.
    • Activities in the bank account: The bank account of the applicant should have at least 1 credit and 1 debit entry every month which is induced by the customer.
     

    Documents required

    Bandhan Bank offers personal loans against minimum documentation. Some of the documents which are required for making an application are listed below:

    • Proof of identity such as PAN card, passport, Election Commission card, Aadhaar card, driving license, etc.
    • Proof of address such as PAN card, passport, Election Commission card, Aadhaar card, driving license, etc.
    • Proof of signature such as PAN card or passport.
    • Passport-sized photograph.
    • Form 16 and 3 months’ salary slips in case of salaried individuals.
    • Income Tax Returns for 2 years along with computed income statement, profit and loss account, and balance sheet for self-employed individuals.
     

    FAQs on Bandhan Bank Personal loan

    How long does Bandhan Bank take to disburse a loan?

    Once the documents are submitted and verified, the loan amount will be disbursed within 2 working days.

    In case of prepayment of a personal loan, does Bandhan Bank charge a fee?

    There are no additional charges for prepayment of a personal loan with Bandhan Bank. However, the applicant will be required to pay a minimum of 6 EMIs in order to be eligible for prepayment of the loan.

    How do I know the status of my Bandhan Bank Personal Loan?

    If you have applied for a personal loan through BankBazaar, you can know the status of your Bandhan Bank Personal Loan by logging in to your BankBazaar profile. You can check the status of the loan from the website. You will also receive regular updates about the status of your personal loan through SMS or email which is sent to the registered mobile number and registered email ID, respectively. You can also receive push notifications about the status of the loan if you are using the BankBazaar application on your smartphone.

    Is it required to provide collateral in case of making a personal loan application with Bandhan Bank?

    No, you will not be required to provide any collateral. Bandhan Bank Personal Loan is an unsecured loan and thus, you will not be asked to provide any security against the loan.

    Does Bandhan Bank offer long-term personal loans?

    No, Bandhan Bank does not offer long-term personal loans. It offers personal loans for a period of 12 months to 36 months, i.e. for short-term and medium-term.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

    News on Bandhan Bank

    • RBI appoints Bandhan Bank as its agency bank for conducting of government business

      Indian lender Bandhan Bank was appointed by the Reserve Bank of India (RBI), as its agency bank. The lender will now work as an agent granted authority by RBI to conduct government business on behalf of the central bank.

      RBI has granted other private banks such as Axis Bank, HDFC Bank, IDBI Bank, and ICICI Bank as its agency banks who conduct government business. Bandhan Bank which is considered to be one of the youngest banks in the country has now become the latest entrant to the list of banks conducting government businesses.

      Bandhan Bank will now be tasked with various responsibilities such as handling transactions with relation to the collection revenue and taxes in Indian states, stamp duty collection, and pension payment collections.

      3 November 2021

        

    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.

    Customer Reviews

    Write a Review
    • review
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan a while back and the experience i had with BANDHAN BANK has been good. The process did not took much time and i did it through their mobile application and it was easy. The interest rate & charges with them had also been nominal as well.
      Was this review helpful? 5
      , agartala
      Reviewed on Jun 23, 2019
    • review
      review
      "Good card"
      0.5 4.0/5 "Great!"
      The rate of interest is slightly high but Bandhan BAnk helped me in a right time but its okay. I have completed the EMI of 1 years and 6months, the total tenure is 24months and another 8 months to pay. There was a processing fee and the process was very good. There is option for foreclosure and partial payment but charges are applicable.
      Was this review helpful? 7
      , bangalore
      Reviewed on May 21, 2019
    • review
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from bandhan bank around 4 months ago. The customer support service was supportive from the bandhan bank. They have disbursed the loan amount within 10 days of time. The rate of interest and the charges are low with the BANDHAN BANK personal loan services.
      Was this review helpful? 33
      , bangalore
      Reviewed on Mar 15, 2018
    • review
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bandhan bank was good, they provided a very good service and the process was very smooth. No documents were required as i hold a salary account in this bank The loan amount was for 3 lakhs with interest rate of 14% which is nominal. Customer service was good and they responded on time.
      Was this review helpful? 49
      , mandsaur
      Reviewed on Nov 16, 2017
    Read More
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.