Bandhan Bank personal loans can be easily availed by applying through the official website or by visiting the branch. The bank offers personal loans under multiple categories, especially to individuals belonging to economically weaker sections. The loan amount starts from INR 30,000 and you can get the loan amount up to INR 25 lakh. Bandhan Bank personal loan amount can be used for any purpose like marriage, travel, medical emergencies, personal loan for education etc. You can apply for the loan through the official website of the bank where you can also check all the major features and terms and conditions.
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Bandhan Bank Personal Loan: Major Highlights
Bandhan Bank personal loan has attractive features which include low rates of interest, easy and quick approval, part-payment options, door-step document pickup options etc. If you want to get a loan to study then you can apply for a Bandhan Bank education loan to study abroad Check the major highlights in the table below:
| Particulars | Details |
| Maximum Loan Amount | INR 25 lakh |
| Rate of Interest | 9.47% to 12.55% per annum |
| Foreclosure Charges | Zero foreclosure charges on loan amount of INR 10 lakh and above |
| Repayment Period | Up to 60 months |
| Processing Charges | 1% to 3% |
| Minimum Age | 21 years for salaried individuals23 years for self-employed individuals |
Also Read: Check here all the major details and application process of RBL Bank personal loan
Bandhan Bank Personal Loan: Eligibility Criteria
The applicants must check the eligibility criteria for Bandhan Bank personal loans before applying. In case of any error, the bank may reject the loan application immediately which will also reflect on your credit report. Check Bandhan Bank’s personal loan eligibility criteria below:
- All salaried, self-employed professionals and self-employed non-professionals can apply for the loan
- The minimum age for salaried individuals should be 21 years and for self-employed individuals it shall be 23 years
- The maximum age at the time of loan maturity for salaried individuals should be 60 years and 65 years for self-employed.
- For salaried individuals, a minimum of 1 customer-induced transaction is required in the salary account on a monthly basis.
- For self-employed individuals, a minimum of 1 debit and 2 credit transactions (customer-induced) are required on a monthly basis or 12 credit transactions in the last 12 months (In the main account only).
Documents Required
Documents required for Bandhan Bank personal loan shall be submitted properly on time. The bank also provides the option to collect your documents from your doorstep. Check all the documents required for the personal loan below:
- Identity and address proof (passport or driving license, aadhaar card)
- PAN Card
- Recent passport-size photograph
- The last three months’ salary slip
- Salary account statement for salaried individuals
- ITR and last 12 months’ main business account statement for self-employed individuals
Also Read: Check here all about education loans without collateral and co-signer
How to Apply for a Personal Loan from Bandhan Bank?
You can apply for Bandhan Bank personal loan online. However, the process includes both online and offline stages. Check the steps involved below:
- Visit the official website of Bandhan Bank
- Go to the personal loan section and click on ‘Apply Now’
- Fill the information like name, email, contact number, pin code and city
- Submit the form and wait for the verification process
- The bank’s representative will contact you for document collection
- After approval, the loan amount will be transferred to your bank account within 2 days
Bandhan Bank personal loan is one of the best options for emergency financial requirements. The bank provides loans without collateral to the salaried and self-employed individuals. Check some FAQs on the personal loan from Bandhan Bank below:
FAQs
You can avail a personal loan amount of up to INR 25 lakh from Bandhan Bank. The minimum loan amount starts at INR 30,000.
The interest rates on personal loans range from 9.47% to 12.55% per annum, depending on the loan amount and borrower profile.
Bandhan Bank does not charge foreclosure fees on loan amounts of INR 10 lakh or above.
Salaried individuals need to be at least 21 years old and have a monthly customer-induced transaction in their salary account to qualify. The maximum age for loan maturity is 60 years.
You can apply online through the official Bandhan Bank website by filling out your details. After submitting the application, a representative will contact you for document collection, and the loan amount will be disbursed within 2 days of approval.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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nice blog. Well written
Hi Monika
Thank you for the feedback. For more details and easy finance solutions like education loans from top banks and visa approval, reach out to our experts at 1800572126 to help ease your education loan and other services.