Planning a family vacation to the beautiful location of Australia? Facing credit card debt problem? Want to renovate your home? Interested in buying an expensive home appliance? Well, all this and many more of your personal needs can be easily met with a Bandhan Bank Personal Loan. This is correct!
The bank ensures that the needs of all the customers are easily met by providing credit facilities to all the applicants. And, you know which is the best part? No matter what your needs are, the bank will customize the loan for you, ensuring that it best suits your individual needs.
Not only this, the existing account holders of the bank are eligible to avail attractive offers, attractive interest rates and minimal charges. So, without wasting any time, let us know more about this credit facility on the below page.
Bandhan Bank offers personal loans up to Rs 5 lakh at interest rates starting from 15.90% p.a. to meet various financial needs.
EMI or Equated Monthly Installments are the fixed monthly payments that a borrower needs to pay to the lender to repay the loan and can be easily calculated using an online EMI calculator.
The following sections discuss several key aspects related to Bandhan Bank Personal Loan EMI such as its calculation method, factors affecting EMI, different modes of paying EMI, etc.
This loan helps the borrowers to get funds to meet their personal needs like marriage of a child, domestic and foreign travel, medical emergencies etc. Borrowers can also avail this loan scheme in the form of a consolidation loan to pay off their loan.
Bandhan Bank Personal Loan Interest Rates
| particular | Details |
|---|---|
| interest rates | 15.90% – 20.75% |
| loan account | 1 lakh – Rs 5 lakh |
| tenure | 12 to 36 months |
| Processing Fees | 1% of loan amount+GST |
| prepayment fee | Zero |
Bandhan Bank Personal Loan Eligibility
To avail a personal loan from Bandhan Bank, it is mandatory for the applicant to fulfill the eligibility criteria set by the bank. So, have a look below to read the eligibility criteria.
- Salaried and self-employed individuals both are eligible to apply.
- The minimum age of the person should be 21 years at the time of taking the loan.
- The maximum age of the applicant should not exceed 57 years at the time of maturity of the loan.
- Applicants should have minimum 6 months relationship with the bank.
- Applicant’s bank account should be operational with minimum 1 credit and 1 debit-customer induced entry per month.
Features of Bandhan Bank Personal Loan
Why this loan ?
Bandhan Bank Personal Loan is designed to help Bandhan Bank account holders get financial assistance to meet their individual needs. Borrowers can also take advantage of this loan scheme to pay off their debt.
It is an unsecured loan, which means you do not need to provide any collateral to get the loan
loan account
The maximum loan amount that can be given under this loan scheme is Rs 5 lakh.
Interest
The interest rate of this loan can be anywhere between 15.00% to 16.18%.
repayment
This loan should be repaid within 3 years.
Eligibility
Bandhan Bank account holders get financial assistance to meet their personal needs
Bandhan Bank employees are not eligible for this loan
First time borrowers are also eligible for this loan
- What is Loan Disbursement
- What is Professional Tax
- How to get the best car finance deal
- Benefits of HDFC Freedom Credit Card
need for security
It is a collateral-free loan
Documents Required for Bandhan Bank Personal Loan
- The loan application form duly filled and signed by the applicant and co-applicant, if any.
- Two passport size photographs of the applicant and co-applicant
- Personal ID Proof: Aadhar Card, PAN Card, Passport or Driving License. PAN card / PAN card issuance letter is mandatory
- Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
- Residential Address Proof (Any): Aadhar Card, Electricity Bill, Postpaid Phone Bill, Valid Rent Agreement
- Income/Banking Proof for Salaried Professionals: Last 3 Months Salary Slip, Form 16 or Income Tax Return
- salary account details
Reference for Bandhan Bank Personal Loan
Bandhan Bank Website: www.bandhanbank.com
Headquarters: Kolkata, West Bengal
Call Center Toll-Free Number: 1800 258 8181,033 4409 9090
Bandhan Bank Personal Loan – FAQs
Question 1. Is it possible to auto-pay my Bandhan Bank personal loan EMI?
Yes, you can auto-pay your Personal Loan EMI using Standing Instruction or ECS facility.
Q 2. When should I start my EMI payment?
You need to start paying your Bandhan Bank Personal Loan EMI from the month following the loan disbursement.
Question 3. What is the maximum number of EMIs within which I can repay my Bandhan Bank Personal Loan?
Bandhan Bank offers borrowers an option to repay their personal loans within a flexible tenure of between 12 to 36 months. Hence, you can repay your personal loan within a maximum of 36 EMIs.