A Bandhan Bank personal loan is an unsecured loan offered to eligible salaried individuals, self-employed professionals and self-employed non-professionals. It can be used for planned personal expenses without pledging property, gold or another asset as security. Bandhan Bank offers amounts from ₹50,000 to ₹25 lakh, with repayment tenures ranging from 1 to 5 years. The bank says the loan amount is credited within two working days after the required documents are submitted, although final approval always depends on eligibility and verification.
This guide explains the interest rates, fees, eligibility conditions, documents, application process and repayment rules in one place. Rates and charges can differ from one applicant to another, so treat the figures below as the bank’s published starting points and confirm the exact offer in your sanction letter before signing.
Bandhan Bank Personal Loan: Key Facts
| Feature | Details |
|---|---|
| Loan amount | ₹50,000 to ₹25 lakh |
| Repayment tenure | 1 to 5 years (up to 60 months) |
| Who can apply | Salaried individuals, self-employed professionals and self-employed non-professionals |
| Collateral | Not required |
| Interest rate | Starting from 9.47% per annum, based on the applicant’s profile |
| Processing time | The bank states that the amount is credited within two working days after submission of the required documents |
A personal loan is repaid in Equated Monthly Instalments, commonly called EMIs. Each EMI includes a portion of the principal and a portion of interest. Your actual EMI will depend on the approved loan amount, the interest rate offered to you and the tenure you select.
Interest Rates for a Bandhan Bank Personal Loan
Bandhan Bank’s published personal loan interest rates start from 9.47% per annum. The rate finally offered is not the same for everyone. The bank considers factors such as the applicant’s age, monthly income, occupation, employer or business profile, credit score and earlier repayment record. A stronger credit history and stable income can improve the chances of receiving a better offer, but they do not guarantee the lowest advertised rate.
Rates for Salaried Individuals
| Tenure | Interest Rate (p.a.) |
|---|---|
| Up to 3 years | Starting from 12.15% |
| More than 3 years | Starting from 9.47% |
Rates for Self-Employed Professionals and Non-Professionals
| Tenure | Interest Rate (p.a.) |
|---|---|
| Up to 3 years | Starting from 12.55% |
| More than 3 years | Starting from 10.10% |
Do not choose a loan only by looking at the starting rate. Ask for the exact rate that applies to your profile, the processing fee and the total amount payable over the full tenure. Those three figures together give a clearer picture of the borrowing cost.
How Bandhan Bank Compares With Other Lenders
These are starting rates only; each lender sets the final rate after checking the applicant’s profile.
| Bank/Lender | Interest Rate (p.a.) |
|---|---|
| Kotak Mahindra Bank | Starts at 9.98% |
| HDFC Bank | Starts at 9.99% |
| ICICI Bank | Starts at 10.45% |
| Axis Bank | Starts at 9.99% |
| IndusInd Bank | Starts at 10.35% |
| IDFC FIRST Bank | Starts at 9.99% |
| Tata Capital | Starts at 10.99% |
| Money View | Starts at 10.00% |
| Federal Bank | Starts at 11.99% |
| L&T Finance | Starts at 11.00% |
| Piramal Finance | Starts at 12.14% |
| Aditya Birla Finance | Starts at 10.99% |
Fees and Charges
Along with interest, keep the following charges in mind when you compare the total cost:
| Type of Charge | Details |
|---|---|
| Loan processing fee | 3% of the loan amount |
| Penal charges | ₹500 for delayed EMI payment, an outstanding EMI or an EMI default |
| Late payment/overdue fee | 2% per month on the outstanding EMI |
| Part payment | Part payment is allowed up to 25% of the outstanding amount, once in a year and twice during the loan tenure |
Read the fee schedule and loan agreement carefully. If any charge is unclear, ask the bank to explain it before you accept the sanction. The figures printed in your own loan documents should be treated as final for your application.
Eligibility Criteria
Bandhan Bank personal loans are available to salaried individuals, self-employed professionals and self-employed individuals/non-professionals who meet the bank’s conditions.
- Minimum age: 21 years for salaried applicants and 23 years for non-salaried applicants.
- Maximum age at loan maturity: 60 years for salaried applicants and 65 years for self-employed applicants.
- Account activity for salaried applicants: At least one customer-initiated transaction is required in the salary account every month.
- Account activity for self-employed applicants: At least one debit and two credit customer-initiated transactions are required every month in the main account, or a total of 12 credit transactions during the last 12 months.
Meeting the age and account-activity conditions does not by itself guarantee approval. The bank also assesses income, employment or business stability, existing obligations and credit history before deciding the amount and rate it can offer.
Documents Required
Keep clear copies of the following documents ready before you apply. The bank may ask for an additional document if it needs more information for verification.
Identity, Address and Photograph
- Passport
- PAN card
- Voter ID card
- Driving licence
- Aadhaar card
- One recent photograph
The bank accepts suitable documents from this list as proof of identity and address. Make sure the name and address details match across your application and documents; a mismatch can delay verification.
For Salaried Applicants
- Salary slips for the last 3 months
- Form 16 for 1 year
If your salary is received by cheque, the original guide notes that you can submit bank statements for the last three months instead of salary slips. Contact the bank if your situation is different and you are unsure which income proof to provide.
For Self-Employed Applicants
- Balance sheet and Profit & Loss account
- Income Tax Returns (ITR) for the last 2 years
- Computation of income
How to Apply for a Bandhan Bank Personal Loan
Existing customers can start the application through Bandhan Bank Internet Banking or the mBandhan 2.0 app. The bank’s official FAQ describes the digital route as follows:
- Log in to Bandhan Bank Internet Banking or the mBandhan 2.0 app.
- On the dashboard, go to Our wide range of products > Loans > Personal Loan.
- Select Personal Loan and fill in the details requested on the application screen.
- Submit the application and keep the acknowledgement or reference details safe.
- A bank representative will contact you to take the application forward, including document verification and the next steps.
You can also begin through the personal loan application form on the official Bandhan Bank website or visit a branch for help with the application and document submission. Whichever route you choose, use only the bank’s official website, app or branch. Do not submit documents through unofficial links shared by unknown agents.
After you apply, the bank checks your eligibility and documents, decides the loan amount, rate and tenure it can offer, and shares the sanction terms. Read those terms carefully before signing the agreement. Once the formalities are complete, the approved amount is credited to your account.
EMI, Part Payment and Prepayment
Your EMI is fixed from the sanctioned amount, interest rate and repayment period. A longer tenure generally reduces the monthly EMI but increases the total interest paid over the life of the loan. A shorter tenure does the opposite: the EMI is higher, but the loan is closed sooner. Compare both the monthly payment and the total repayment amount before choosing.
Bandhan Bank allows part payment of up to 25% of the outstanding amount, once in a year and twice during the loan tenure, as described in the charges section above. Full prepayment is allowed after six EMIs have been paid. Before making a part payment or closing the loan early, confirm the applicable conditions and any amount payable from your loan agreement or the bank, because the sanction terms govern your account.
If you already have a Bandhan Bank credit card as well, our separate guide explains how to view or download your Bandhan Bank credit card statement through the app, net banking, email and branch channels.
Before You Sign: A Quick Checklist
- Confirm the exact interest rate, not only the advertised starting rate.
- Check the processing fee and all late-payment or penal charges.
- Compare the EMI and total repayment amount for at least two tenure options.
- Make sure your identity, address and income documents are complete and readable.
- Keep the sanction letter, agreement copy and application reference safely for future use.
For another statement-related guide, see how to download an HDFC credit card statement. If an application has already been submitted with another lender, our guide to checking the HDFC personal loan status explains the usual tracking channels.
Safety Note
Apply only through Bandhan Bank’s official website, Internet Banking, mBandhan app or a bank branch. Never share your OTP, PIN, password, card number or CVV with anyone who calls, messages or emails you, even if the person claims to be from the bank. Bandhan Bank does not need these secret details to process a loan application. If someone asks for them or demands an extra payment to “release” a loan, stop the conversation and contact the bank through its official channels.
Frequently Asked Questions
Do I need to provide collateral or security to get a personal loan from Bandhan Bank?
No. Collateral or security is not required for a Bandhan Bank personal loan.
What is the minimum and maximum loan amount available from Bandhan Bank?
Bandhan Bank offers personal loans from ₹50,000 up to ₹25 lakh, subject to eligibility and approval.
What is the repayment tenure for a Bandhan Bank personal loan?
You can choose a repayment period from 1 to 5 years, depending on the tenure approved for your application.
I may receive my PF from my previous employer. Can I prepay my loan?
Yes, the bank allows prepayment, but only after six EMIs have been paid. Check your loan agreement for the applicable conditions before prepaying.
I receive my salary by cheque. Can I still apply for a personal loan?
Yes. You can submit your bank statement for the last three months instead of salary slips. For questions about your specific case, contact the bank through its official channels.
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