In today’s dynamic financial landscape, personal loans have become an essential tool for individuals seeking immediate funds for various needs—be it medical emergencies, weddings, education, or travel. Bandhan Bank offers personal loans with competitive interest rates, flexible repayment options, and swift disbursal, making it a preferred choice for many.
Key Features of Bandhan Bank Personal Loan
- Loan Amount: ₹50,000 – ₹15 Lakhs
- Repayment Tenure: 12 – 60 months
- Interest Rate: 11.50% – 20% p.a. (profile-based)
- Processing Fee: 1% – 3% of loan amount
- Approval Time: 48–72 hours (faster with NBFC aggregator like Bravima)
- Prepayment/Foreclosure: Allowed with nominal charges
Apply for Personal Loans online with minimal documentation
Eligibility Criteria for Bandhan Bank Personal Loan
To apply successfully, you need to meet the following conditions:
- Debt-to-Income Ratio: Existing EMIs should not exceed 50% of monthly income
- Age: 21 – 60 years
- Employment: Salaried with minimum 1 year in current job or self-employed with 2 years of income proof
- Minimum Salary: ₹20,000/month (metro cities), ₹15,000/month (non-metros)
- CIBIL Score: 700+ preferred
Required Documents
- Identity Proof: Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License
- Address Proof: Utility bills, Rent Agreement, or any government-issued address proof
- Income Proof:
- Salaried: Last 3 months’ salary slips and Form 16
- Self-Employed: ITR filings, balance sheets, income computations, and P&L account statements
- Salaried: Last 3 months’ salary slips and Form 16
- Bank Statements: Last 6 months
- Photograph: Recent passport-sized photo
Apply for Personal Loan with Quick Disbursal
Fees and Charges
| Charge | Amount |
| Processing Fee | Up to 3% of the loan amount |
| Cheque Bounce Charges | ₹500 per instance |
| Late Payment Charges | ₹200 per ₹10,000 of EMI dues |
| Part-Payment Charges | Allowed after 12 EMIs; up to 25% of principal |
| Foreclosure Charges | 4% within 12 months; 2.5% after 12 months |
| Foreclosure Statement Charges | ₹100 |
| Document Retrieval Charges | ₹500 |
| Duplicate Statement Charges | ₹100 |
| Duplicate NOC Charges | ₹300 |
| Stamp Duty | As per state laws |
Bandhan Bank vs Other Lenders – Quick Comparison
| Feature | Bandhan Bank Loan | HDFC Loan | Bajaj Finserv Loan | Fullerton Loan |
| Approval Time | 2–3 days | 3–5 days | Same-day | 24–48 hours |
| Loan Amount | Up to ₹15 Lakhs | Up to ₹40 Lakhs | Up to ₹30 Lakhs | Up to ₹25 Lakhs |
| Interest Rate | 11.50% – 20% | 10–16% | 11–20% | 11.99% – 24% |
| Processing Fees | 1–3% | 2–2.5% | 1–2% | 2–3% |
| Best For | Salaried employees | High earners | Flexibility & overdraft | First-time borrowers |
👉 Bravima Solution Advantage: Instead of applying blindly, we help you compare multiple lenders and pick the one that matches your profile best.
Common Mistakes to Avoid
Many first-time borrowers face loan rejections or high EMIs because of small mistakes. Avoid these:
- Applying Without Checking Salary Requirement → If you don’t meet Bandhan’s minimum salary, apply with an NBFC instead.
- Ignoring Processing & Foreclosure Charges → Always read fine print before applying.
- Over-Borrowing Beyond Repayment Capacity → Keep EMIs within 40%–50% of salary.
Not Comparing With NBFC Alternatives → NBFCs like Bajaj Finserv & Finnable may offer faster approval.
EMI Calculation
To estimate your monthly EMI, you can use EMI calculator available on our official website. For instance, a loan of ₹5 lakh at an interest rate of 10.10% p.a. for 60 months would result in an approximate EMI of ₹10,638.
Benefits of Applying via Bravima Solution Pvt Ltd
- Partnered with Bandhan Bank + top NBFCs (Bajaj Finserv, Tata Capital, HDFC, IDFC, Finnable, Fullerton)
- Eligibility check to reduce rejection chances
- Compare interest rates & hidden charges before you apply
- PAN-India support (Delhi, Mumbai, Bangalore, Hyderabad, and more)
Expert team to assist in documentation & disbursal
Advantages of Choosing Bandhan Bank Personal Loan
- Quick Disbursal: Funds are credited within 2 working days post-approval.
- Flexible Repayment: Tenure options ranging from 12 to 60 months.
- Competitive Interest Rates: Starting from 9.47% p.a.
- Minimal Documentation: Simplified process with fewer documents required.
- Part-Payment and Foreclosure Options: Flexibility to repay the loan ahead of schedule
Fast Personal Loans – Easy Application Process!
Considerations Before Applying
- Processing Fees: Up to 3% of the loan amount.
- Foreclosure Charges: Applicable if the loan is closed within the first 12 months.
- Credit Score Impact: Ensure a good credit score to avail better interest rates.
Frequently Asked Questions
Q1: What is the maximum loan amount I can avail?
A: Up to ₹25 lakh, depending on your eligibility and credit profile.
Q2: How soon will I receive the loan amount after approval?
A: The loan amount is typically disbursed within 2 working days post-approval.
Q3: Can I foreclose my loan?
A: Yes, foreclosure is allowed. Charges apply if done within the first 12 months.
Q4: Is part-payment allowed?A: Yes, after 12 EMIs, you can make part-payments up to 25% of the principal outstanding, once a year.
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