Bandhan Bank Personal Loan: Your Comprehensive Guide for Easier Financing
October 22, 2025
When unexpected financial needs arise, having access to quick and cost-effective financing is crucial. Bandhan Bank Personal Loan offers individuals a quick and hassle-free solution for personal expenses such as medical emergencies, weddings, education costs, home renovations, and more.
Offering competitive interest rates with flexible repayment terms and minimal documentation requirements, it delivers the best borrowing experience.
In this guide, we’ll take you through the features, eligibility criteria, benefits, and application process for Bandhan Bank Personal Loan. Designed to accommodate salaried professionals or self-employed borrowers alike, this personal loan offering covers an array of financial needs.
Key Features of Bandhan Bank Personal Loan
Bandhan Bank Personal Loan offers many attractive features that make it an ideal solution for individuals needing quick financial support:
Loan Highlights
| Feature | Details |
|---|---|
| Loan Amount | ₹50,000 to ₹20,00,000 |
| Interest Rate | 9.47% per annum (up to 12.55% depending on employment type and loan term) |
| Repayment Tenure | 12 to 60 months |
| Processing Fee | Up to 3% of loan amount + applicable taxes |
| Prepayment Charges | Nil for part payments up to 25% annually after 12 EMIs |
| Disbursal Time | Within two working days post-approval |
| Documentation | Minimal; doorstep pickup available |
EMI Calculator
You can easily calculate your monthly installment using the EMI Calculator on Bandhan Bank’s official website. Just input the loan amount, interest rate, and loan tenure to estimate your EMI.
Bandhan Bank Personal Loan provides a flexible loan experience at fair terms to help meet your financial goals more easily.
Eligibility Criteria for Bandhan Bank Personal Loan
Before applying, it’s essential to meet specific eligibility requirements. Here’s an overview for salaried individuals and self-employed professionals:
Eligibility Table
| Criteria | Details |
|---|---|
| Age | 21 to 65 (Salaried), 23 to 65 (Self-employed) |
| Employment Status | Salaried individuals, self-employed professionals, self-employed non-professionals |
| Credit Score | Good credit score (typically 750+ preferred) |
| Bank Account Activity | One credit and one debit per month, with at least 6 months of relationship with Bandhan Bank |
Documents Needed for Bandhan Bank Personal Loan
Here are the documents required to apply:
Document Checklist
| Document Type | Examples |
|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Passport, Voter ID, Driving License |
| Address Proof | Utility Bills, Passport, Aadhaar Card |
Bandhan Bank offers an efficient documentation process to minimize delays during the loan application.
Application Procedure for Bandhan Bank Loan
Applying is simple and can be done online or offline — choose what suits your lifestyle best.
Online Application
-
Visit the Official Website
Go to Bandhan Bank’s official website and fill out the personal loan application form. -
Upload Documents
Upload scanned copies of all required documents. -
Submit Application
Review and submit your application. -
Approval & Disbursal
Once approved, the loan will be disbursed within two working days.
Offline Application
-
Visit a Branch
Go to your nearest Bandhan Bank branch. -
Fill Out Application Form
Provide all required personal and financial details. -
Submit Documents
Submit the form along with necessary documents. -
Application Processing
Your application will be reviewed, and the bank will inform you about its approval status.
Bandhan Bank’s online process offers speed and convenience, while the offline method provides personalized assistance.
Example EMI Calculation
To help you understand your financial commitment, here’s an EMI example:
Borrowing ₹8,00,000 at 10% interest per annum over 5 years results in an EMI of approximately ₹16,998 per month.
This example helps you budget efficiently using the EMI calculator available on the Bandhan Bank website.
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Comparison to Other Banks
Here’s a comparison between Bandhan Bank and other leading personal loan providers:
Comparison Table
| Bank | Interest Rate (p.a.) | Max Loan Amount | Processing/Foreclosure Charges |
|---|---|---|---|
| Bandhan Bank | 9.47% onwards | ₹25 lakh | No foreclosure charges after 12 EMIs |
| SBI Bank | 10.10% – 15.10% | ₹35 lakh | Up to 1.5% within 6 months, 2% after |
| HDFC Bank | 10.50% | ₹40 lakh | Up to ₹6,500; 2.5% within 6 months, 1% after |
| ICICI Bank | 10.60% | ₹10 lakh | 2.2% (within 3 months), 1.5% after 6 months |
| Axis Bank | 10.25% | ₹15 lakh | Up to 2% within 6 months; 1% after |
Note: Interest rates, processing fees, and other charges are subject to change based on your profile and tenure.
Benefits of Selecting Bandhan Bank Personal Loan
1. Attractive Interest Rates
Starting from 9.47% per annum, Bandhan Bank Loan is one of the most affordable borrowing options.
2. Flexible Repayment Tenure
Choose a tenure between 12 to 60 months that suits your financial capability.
3. Quick Loan Disbursal
Funds are typically disbursed within 2 working days after approval.
4. Minimal Documentation
The process requires less paperwork, reducing approval time and making it more user-friendly.
5. Transparent Fees
Bandhan Bank maintains full transparency regarding all applicable fees and charges.
6. Customer Support
Bandhan Bank’s dedicated support team ensures seamless guidance throughout your loan journey.
Conclusion
Bandhan Bank Personal Loan offers individuals a reliable, fast, and flexible solution for personal financial needs. Whether you’re planning a wedding, managing medical bills, or financing a home renovation, this personal loan delivers:
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Flexible loan terms
-
Competitive interest rates
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Minimal documentation
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Quick disbursal
Bandhan Bank makes it easy to get the funds you need — when you need them most.