What is the lowest and maximum loan amount I can get from Bandhan Bank for a personal loan?

Bandhan Bank provides personal loans ranging from Rs. 1 lakh to Rs. 5 lakh to satisfy a variety of personal financial requirements.

What are the Bandhan Bank Personal Loan tenure options?

Bandhan Bank personal loans have payback terms ranging from 12 to 36 months, which borrowers can choose based on their needs.

Is there a fee for prepaying a personal loan with Bandhan Bank?

Prepayment of a personal loan with Bandhan Bank incurs no additional fees. However, in order to be eligible for loan repayment, the applicant must pay a minimum of six EMIs.

What are the various options for paying my Bandhan Bank personal loan EMIs?

EMI payments can be made via post-dated cheques, standing instructions, or the ECS system.

My company does not send wage slips; instead, I am paid by check. Can I apply for a personal loan?

Yes, you can give a bank statement from the last three months in addition to the salary slip. You can also contact the bank if you have any questions.

Is Bandhan Bank able to provide long-term personal loans?

Bandhan Bank, on the other hand, does not provide long-term personal loans. It provides short-term and medium-term personal loans ranging from 12 to 36 months.

Is it required to provide collateral when applying for a Bandhan Bank personal loan?

No, you will not be required to provide any collateral. Because the Bandhan Bank Personal Loan is an unsecured loan, no collateral is required.

I'm seeking a personal loan to help pay for my son's college education. When will the personal loan be available?

If the applicant has already submitted all of the relevant information and documentation, the personal loan can be issued within two working days.

My previous company is supposed to pay me PF. Does the bank allow loan prepayment?

Yes, the bank allows the customer to choose prepayment after the sixth EMI.

How long does it take Bandhan Bank to release a loan?

The loan amount will be disbursed within two working days after the documents are submitted and validated.

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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 2024

The table below shows the Bandhan Bank personal loan interest rate 2024-

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