How can you get Bandhan Bank personal loan?

Whenever you need funds for any financial emergency, you can get money either from your friends or family. But, do you know that money might affect your relationship with the person who is owing you the money. So, why spoil them if you can get money from authorized institutions such as Bandhan Bank?

Bandhan Bank has become a new lending institution of India where people have fulfilled their financial needs. The bank offers different types of retail loans and personal loan is among the best ones. This is a multi-purpose loan which can be availed for any legitimate reason. So, if you need money for international travel, you can apply for Bandhan Bank personal loan. Or, even if you need money to invest in your business or house, you can apply for this loan. If you want to know the eligibility and documentation required for this loan, read this article. Also, you will later read the effective EMI based on lowest and highest interest rate offered by Bandhan Bank personal loan.

Bandhan Bank personal loan eligibility

• Salaried and Self-employed Individuals both are eligible to apply.
• The minimum age of the individual should be 21 years at the time of availing a loan.
• The maximum age of an applicant should not be more than 57 years at the time of loan maturity.
• Applicants should have a minimum relationship of 6 months with the bank.
• The Bank Account of an applicant should be operational with minimum 1 credit and 1 debit-customer induced entry, per month.

Documents required for personal loan at Bandhan Bank

• Identity Proof: Passport/PAN card/Voter ID card/driving license/Aadhar #
• Address proof: Passport/PAN card/Voter ID card/driving license/Aadhar #
• Signature Proof: Passport/PAN card
• A Photograph
• Last three months’ salary slip & Form -16 for 1 year for salaried *
• ITR for last 2 years with computation of Income, Balance Sheet and P & L a/c for self-employed
• Original KYC documents will be required for verification at Branch for Online Application

Bandhan Bank Personal Loan EMI Calculator

• Loan Amount- ₹30,00,000
• Tenure-5 years
• Interest Rate- 15% p.a.

The payments from your end will be as follows:

EMI: ₹71,370

Total Interest Outgo- ₹12,82,187

Total Amount (Interest + Principal) - ₹42,82,187

• Loan Amount- ₹30,00,000
• Tenure-5 years
• Interest Rate- 18.29% p.a.

The payment will be as follows:

EMI: ₹76,654

Total Interest Outgo- ₹15,99,261

Total Amount (Interest + Principal) - ₹45,99,261

How can you apply for Bandhan Bank personal loan?

The process to apply for this loan is quite simple. You just need to visit the nearest Bandhan Bank branch with the listed documents and submit the form. Your loan application form will be checked by the executive and then accepted. Bandhan Bank personal loan is disbursed only after the satisfactory checking your submitted documents especially salary slips. Personal loans are given on the basis of your income and your salary slips is a proof of it. So, make sure you submit all the documents genuinely otherwise your application will be rejected and your credit score will also decrease.