Bandhan Bank Personal Loan: Features, Interest Rates, Eligibility & How To Apply Online

Written by Paresh Thakor

Updated on:

Get instant access to funds for personal needs with Bandhan Bank personal loan. Attractive interest rates starting 10.49%, online application, no collateral required. Check eligibility and apply now!

Personal loans are unsecured loans that can be used for any personal needs and expenses. Bandhan Bank offers feature-rich personal loans with flexible options. Let’s take a look at key details regarding Bandhan Bank personal loan.

What is Bandhan Bank Personal Loan?

Bandhan Bank personal loan is an unsecured loan offered to salaried individuals. It can be used for wedding expenses, home renovation, vacation, higher education, medical emergency etc. without needing collateral.

Some main features include:

  • Collateral free
  • Flexible repayment up to 60 months
  • Quick processing and approval
  • Competitive interest rates starting 10.49% p.a.
  • Online application facility

Bandhan Bank Personal Loan Eligibility

To qualify for a Bandhan Bank personal loan, the key eligibility criteria are:

  • Minimum age 21 years
  • Maximum age 58 years at loan maturity
  • Minimum monthly income ₹15,000 for salaried
  • Minimum annual turnover ₹3 lakhs for self-employed
  • Salaried individuals, self-employed and businessmen can apply

Meeting the eligibility criteria is important to get personal loan approval from Bandhan Bank.

Bandhan Bank Personal Loan Interest Rates

Bandhan Bank offers personal loans at reducing balance interest rates starting from 10.49% p.a. to 22% p.a. based on profile.

Higher income, good credit rating, longer tenure and lower loan amount can help get lower interest rates. RBI’s repo rate changes also impact lending rates.

Documents Required

When applying for a Bandhan Bank personal loan, keep scanned copies of these documents ready:

  • Identity proof (Aadhaar, PAN)
  • Address proof
  • Passport size photographs
  • Last 3 months’ salary slips
  • Last 6 months’ bank statements
  • ITR Acknowledgement
  • Employment proof
  • Assets and liabilities statement

Having all documents ready will make the application process smooth.

How To Apply For Bandhan Bank Personal Loan Online

Here are the steps to apply online:

  • Go to official website and click ‘Apply Now’
  • Create login ID and fill application form
  • Upload required documents
  • Pay processing fee using net banking
  • E-sign agreement using Aadhaar OTP

Once approved, loan amount gets disbursed within 2-3 working days.

Bandhan Bank Personal Loan Conclusion

Bandhan Bank personal loan is a good financing option with easy eligibility, nominal interest rates starting 10.49%, flexible tenure and amount, faster approval and online application. It is worthwhile for salaried individuals looking to fund personal needs and manage expenses smartly.

Bandhan Bank Personal Loan Links

Bandhan Bank Loan ApplyApply Now
Home PageClick Here

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I hope this guide covers all key details regarding Bandhan Bank personal loan. Do share your feedback or queries in comments!

FAQ

  1. What is the maximum loan amount I can get?

The maximum personal loan amount extended by Bandhan Bank is ₹15 lakhs based on eligibility.

  1. How soon can I get the loan amount after approval?

The loan amount gets disbursed into your bank account within 2-3 working days post approval.

  1. What documents do I need for Bandhan Bank personal loan?

You need to submit KYC documents, income proofs, bank statements, and employment documents among others.

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