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.
|
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% |
The table below shows the Bandhan Bank personal loan interest rate 2024-
|
Personal Loan Interest in Bandhan Bank |
10.5% p.a |
|
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 |
All persons requesting a personal loan from Bandhan Bank must provide the following documentation-
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.
|
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 |