Bandhan Bank Personal Loan Interest Rates

Bandhan Bank provides personal loans with rates starting at 10.5% p.a. for terms of up to a period of 5 years and loan amounts of up to Rs 15 lakh. The bank claims to pay out personal loans within two business days of receiving loan documentation.

Details of the Bandhan Bank Personal Loan Schemes

 

Particulars

Details

Bandhan Bank personal loan rate of interest

10.50% p.a. onwards

Maximum Amount

Rs. 15,00,000

Term

5 years

Processing Fees

1%

Characteristics of the Bandhan Bank Personal Loan Scheme

  • Loan funds are disbursed quickly (within two working days).
  • Interest rates that are competitive.
  • Quick eligibility checks and applies online.
  • Simple application procedure.
  • Repayment terms are flexible, ranging from 12 to 36 months.
  • Active customer service for quick problem resolution.
  • Bandhan Bank has exclusive deals for existing customers.

Bandhan Bank Personal Loan Interest Rate 2022

The table below shows the Bandhan Bank personal loan interest rate-

Personal Loan Interest in Bandhan Bank

10.5% p.a

Interest Rates of Other Bank Personal Loans

 

Banks/NBFCs

Interest Rates(p.a.)

SBI

10.30%-15.10%

HDFC Bank

11.00% onwards

IDFC First Bank

10.75% onwards

Axis Bank

10.25% onwards

IndusInd Bank

10.49% onwards

Bajaj Finserv

13.00% onwards

ICICI Bank

10.75% onwards

Tata Capital

10.99% onwards

Kotak Mahindra Bank

10.99% onwards

Who is Eligible for the Personal Loan Scheme from Bandhan Bank?

  • Personal loans are available to all salaried/self-employed professionals and self-employed individuals.
  • Salaried individuals must be 21 years old, whereas self-employed individuals must be 23 years old.
  • The maximum age at debt maturity is 60 years.
  • In the main account, at least one customer-initiated transaction is required each month.

What are the Documents Required for the Personal Loan Application from Bandhan Bank?

All persons requesting a personal loan from Bandhan Bank must provide the following documentation-

  • Identity and address verification
  • PAN card Voter ID card Passport
  • Aadhaar card, driving license
  • A current photograph

Salary slips or pay slips for the previous three months and Form-16 for one year for salaried* individuals Income Tax Return (ITR) for the last two years with income computation, balance sheet, and P&L account for self-employed individuals.

Other Charges Than the Personal Loan Interest Rate in Bandhan Bank

 

Processing Fee

1%

Prepayment Penalty

Late Payment Penalty

24% p.a. 

Stamp Charges

As per law

Statutory Charges

As per law

Cheque Bounce Charges

Rs. 300

Looking to Invest?
Open an account with Groww and start investing for free
INVEST NOW
Loading...
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.5.6
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI