Bandhan Bank personal loan

Bandhan Bank Personal Loan Overview

The Bandhan Bank personal loan for salaried applicants starts at 10.50% p.a. with loan amounts up to ₹35 lacs and flexible tenures of 1 to 5 years. The Bandhan Bank salaried personal loan features instant approval, minimal documentation, same-day disbursal, and promotional cashback offers up to ₹1,000 (offer-specific terms apply). Final pricing and eligibility depend on credit profile and internal policies.

Eligibility Criteria for Bandhan Bank Personal Loan

Basic Bandhan Bank personal loan eligibility expectations for salaried applicants (subject to lender policy and credit assessment):

1. Applicant Type: Salaried individuals employed with eligible private/public/MNC organizations.

2. Age: Generally 21 to 60 years at application (must be within retirement age at loan maturity).

3. Income: Stable monthly income meeting Bandhan Bank’s city/employer-grade thresholds.

4. Work Experience: Consistent employment (e.g., ≥ 1 year total; ≥ 6–12 months with current employer).

5. Credit Profile: Healthy credit history; stronger scores may unlock better Bandhan Bank personal loan interest rates.

6. Obligations: Prudent debt-to-income (FOIR) with manageable existing EMIs.

7. Residency & KYC: Indian resident with valid KYC and active bank account for disbursal and EMI.

Fees and Charges of Bandhan Bank Personal Loan

Indicative Bandhan Bank personal loan fees and charges (refer to latest bank schedule; charges vary by profile and location):

1. Interest Rate: From 10.50% p.a. onwards (linked to credit, income, employer category, tenure).

2. Processing Fee: One-time fee as per bank policy (plus applicable taxes).

3. Prepayment/Foreclosure: Permitted as per policy; charges and minimum EMI conditions may apply.

4. Part-Payment: May be allowed post minimum EMI count; per-transaction limits/fees may apply.

5. Late Payment/Penal Interest: Additional charges on overdue EMIs per bank Tariff.

6. Mandate/Instrument Returns: NACH/cheque bounce charges as applicable.

7. Other Levies: Stamp duty, convenience, documentation, or verification charges where applicable by state/policy.

Features of Bandhan Bank Personal Loan

Key Bandhan Bank personal loan features that enhance speed, simplicity, and flexibility:

1. Unsecured Credit: No collateral/security required.

2. Loan Amount: Up to ₹35 lacs subject to eligibility.

3. Tenure Options: Flexible 1 to 5 years for convenient EMIs.

4. Fast Processing: Instant approval with minimal documentation; same-day disbursal post verification.

5. Digital Journey: Online application, e-KYC, e-sign, and e-mandate (where enabled).

6. Promotions: Cashback offers up to ₹1,000 (offer-specific T&Cs apply).

7. Use of Funds: Medical, wedding, education, travel, home improvement, or debt consolidation.

Application Process for Bandhan Bank Personal Loan

Typical steps to apply for a Bandhan Bank personal loan (exact flow may vary by channel):

1. Check Eligibility: Share basic details (age, city, employer, income, existing EMIs) for indicative offers.

2. Fill Application: Complete the digital form and consent to bureau checks and verification.

3. Upload KYC & Income Proof: Submit PAN/Aadhaar and recent salary/statement documents (or enable secure fetch/eKYC).

4. Sanction & e-Sign: Review sanction terms, e-sign agreement, and set up NACH/e-mandate for EMI auto-debit.

5. Disbursal: Upon successful verification, funds are credited—often on the same day—to your bank account.

FAQs: Bandhan Bank Personal Loan

Quick answers to common questions on the Bandhan Bank salaried personal loan:

1. What is the starting interest rate? The Bandhan Bank personal loan interest rate starts from 10.50% p.a., subject to profile and policy.

2. What loan amount can I get? Eligible salaried applicants can avail up to ₹35 lacs, depending on income, FOIR, and credit score.

3. What are the tenure options? Tenures range from 1 to 5 years for EMI flexibility.

4. Is collateral required? No, the loan is unsecured; no security is needed.

5. How fast are approval and disbursal? The process is designed for instant approval and same-day disbursal post verification.

6. Are there cashback offers? Promotional cashback up to ₹1,000 may be available; check active offer T&Cs.

7. Can I prepay or foreclose? Yes, as per bank policy; prepayment/foreclosure charges and minimum EMI conditions may apply.

8. Which documents are required? Standard KYC (PAN/Aadhaar/government ID), address proof, last 3 salary slips, and last 6 months’ bank statements.

9. Will applying impact my credit score? A formal application entails a hard inquiry, which can have a minor, temporary impact.

10. Are fees and rates fixed for all? No. Bandhan Bank personal loan fees and charges as well as rates vary with applicant profile and bank policy.

Disclaimer: Fincrif India Pvt Ltd is not associated with Bandhan Bank for personal loans. The details provided here are for informational purposes only and do not indicate any partnership, sponsorship, or endorsement by Bandhan Bank. Fincrif India Pvt Ltd does not offer or process personal loan applications on behalf of Bandhan Bank. For accurate and updated information regarding personal loans, please contact Bandhan Bank directly.