Bandhan Bank Personal Loan

The following are some important Bandhan Bank personal loan details:

Bandhan Bank personal loan interest rates are competitive and start from as low as 11.55% p.a. These interest rates are effective from April 1, 2023. The actual rate of interest on the loan is based on various factors such as loan amount, eligibility of the borrower, customer relationships, etc.

The key features and benefits of Bandhan Bank's personal loan are:

• Get loans for different needs like marriage, travel, education, medical expenses, etc.
• The loan amount ranges from Rs. 50,000 to Rs. 25,00,000.
• The bank offers an attractive rate of interest, starting from just 11.55% p.a.
• Repay the loan in a flexible repayment tenure of up to 60 months.
• Faster loan processing time with doorstep document pickup.
• The part-payment feature is available.
• Nil foreclosure charges for loan amount of Rs. 10 Lakhs or above.

Calculating your Bandhan Bank Personal Loan EMI is easy with the Bandhan Bank Personal Loan EMI Calculator available on our website. We provide you with a free online EMI Calculator with which you can get the EMI details instantly. The calculator also helps you in the assessment of your Bandhan Bank personal loan eligibility. You just have to enter a few details, such as the interest rate, loan amount, and tenure, to get the result.

Our Personal Loan EMI Calculator gives you the complete amortization schedule.

Here’s an example:

• Loan Amount: ₹20 Lakhs
• Interest Rate: 11.55% p.a.
• Tenure: 5 Years
• Monthly EMI: ₹44,035
• Total Interest Payable: ₹6,42,126
• Total Amount Payable: ₹26,42,126

Here’s the complete amortization schedule for the above illustration:

*Note: Applicable Goods and Services Tax (GST) will be charged additionally on all the charges and fees (wherever applicable) mentioned above.

The following are the Bandhan Bank personal loan eligibility criteria:

• The applicant must be a salaried, self-employed professional (SEP) or self-employed non-professional (SENP).
• The minimum age required for salaried individuals is 21 years, and 23 years for self-employed.
• The maximum at the time of loan maturity is 60 years for salaried and 65 years for self-employed.
• For salaried applicants, a minimum of 1 transaction (customer-induced) is required in their main account (which should not be a salary account) on a monthly basis. 
• For SEP and SENP, 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).

• One recent photograph of the applicant.
• Identity and address proof: Passport/ PAN Card/ Voter ID Card/ Driving License/ Aadhaar Card (any one).
• Last 3 months’ Salary Slips and 1 year’s Form 16 for salaried applicants. 
• Income Tax Return (ITR) for the last 2 years with Computation of Income, Balance Sheet, and Profit & Loss Account Statement for self-employed applicants.

The above document requirements do not apply to online application-based pre-qualified offers.

To apply for a Bandhan Bank personal loan through our online lending marketplace, you need to complete the steps mentioned below:

• Check your Bandhan Bandhan personal loan eligibility using the calculator.
• If you fulfil the required criteria, click on the ‘E-connect’ button for instant application online.
• Fill up the form and upload the required documents.
• Submit the form.
• The loan will be disbursed within a few hours of approval.

The Bandhan Bank personal loan verification and approval process is simple and instant for existing Bandhan Bank customers. They can easily apply online and get pre-approved offers on personal loans at attractive interest rates. The approved loan amount is directly credited to their bank account instantly.

For other customers, the application process is different. The applicant needs to apply for the personal loan online or by visiting the nearest Bandhan Bank branch. They can also contact the Bandhan Bank customer care team to proceed with the application process.

After the application, a Bandhan Bank representative will then collect the application form and all the required documents required for verification. A background check will be done on the customer’s personal and professional information. In case any discrepancies are found with the information provided, your Bandhan Bank personal loan application is denied. 

After passing the document verification and eligibility criteria, the loan approval status moves to the final level, where the interest rate and tenure are fixed and shared with the applicant for their acknowledgement. You can also call the Bandhan Bank personal loan customer care for follow-up on the process.

You can view/download your Bandhan Bank personal loan statement online through any of the following methods:

# Internet Banking

If you have Bandhan Bank net banking facility, you can view and/or download your loan statement for the last 6 months, the current financial year or any selected time period statement, online.

• Log in to the Bandhan Bank net banking account. 
• Click on ‘My Accounts – Account Statement’.
• On the next screen, select your account number and the time period (past month, past 6 months, current/ previous financial year, etc.) or select date range, and click ‘Submit’.
• Now you can view your loan transaction history for a selected period. 
• To download your statement PDF file, select the ‘PDF’ option and click on the ‘download’ button.

# Mobile Banking

• You can also check your loan transaction details using the Mobile Banking app of the bank.
• Download and log in to the Mobile Banking app. 
• Tap on ‘Transaction Accounts’.
• Tap on ‘Detailed statement’ and choose the date range.
• On the next screen, you can view your loan account statement for the selected date range.

# Register for Monthly Email Statement

If you are a Bandhan Bank customer, you can register for the monthly email statement facility and get the account statement in a PDF file every month on your registered email ID.

• Customer Care Email: customercare@bandhanbank.com
• Customer Care Helpline (Toll-free): 1800-258-8181
• Customer Care Number: 033-4409-9090, 033-6633-3333, 033-4090-3333
• Visit Head Office: Floors 12-14, Adventz Infinity@5, BN 5, Sector V, Salt Lake City, Kolkata 700091.