Check Bandhan Bank Loan Interest Rates Before Applying

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Bandhan Bank is gradually shifting gears as far as operational dynamics are concerned. It has now increased its branch, ATM and doorstep service centres (DSCs) to 998, 480 and 3,014, respectively. When the bank was launched in 2015, it had 501 branches, 50 ATMs and 2,022 DSCs. Quite a significant increase in the operational capacity, isn’t it?

The bank offers a custom suite of deposit and lending products to several individuals. While there are popular home and personal loans helping individuals meet their home purchase and other needs, the credit facility for 2-wheeler and against the property put Bandhan Bank in serious competition with the giants in the banking space.

You would, however, be interested to know Bandhan Bank Loan Interest Rates and several other details, right? Well, you can know them here and make an estimation of the loan outgo. This will help ease the repayment worries greatly.

Bandhan Bank Personal Loan Interest Rate

Bandhan Bank offers personal loans to both salaried and self-employed individuals to meet their personal needs such as wedding, education, travel, medical emergency, etc. The interest rates range from 15%-15.24% per annum. The loan can be disbursed to your account within 2 working days. The minimum and maximum loan offered by the bank amount to ₹1 lakh and ₹5 lakh, respectively. You can get a repayment tenure ranging from 1-3 years. Further, you need to pay a processing fee accounting for 1% of the loan amount plus applicable GST, abbreviated for Goods and Services Tax.

How Much Interest Rate Does Bandhan Bank Charge on Home Loans?

Bandhan Bank offers home loan for a variety of purposes that are pointed below.
  • Buying new or resale residential property
  • Construction of a housing unit on own land
  • For repairs and renovation of homes
  • Extension of property loan
  • Balance transfer at lower rates
  • Top-up Loan
The loan rates range from 12.41%-13.44% per annum. There’s a processing at 1% of the loan amount plus applicable GST. The minimum fee one has to pay is ₹5,000 plus GST. You can get a maximum time of 15 years to pay off the loan. However, the tenure would depend on the existing age and the overall profile of the applicant. The minimum age of the borrower at the time of application must not be below 23 years. At the same time, the applicant must not be 65 years or have attained the age of retirement, whichever is earlier, at the time of proposed loan maturity.

2-Wheeler Loan Interest Rate

Riding a bike or scooter is more convenient than 4-wheelers such as cars. With two-wheelers, you can always make those fine adjustments on the road to reach your destination faster. The loan comes at interest rates ranging from 15.50%-18.79% per annum. You can get a minimum and maximum loan of 10,000 and 1,50,000, respectively. The loan can be repaid in EMIs over tenures ranging from 1-3 years. You also require to pay a processing fee at 3% of the loan amount plus applicable GST. Further, you need to pay documentation charges amounting to ₹500 plus GST. Both salaried and self-employed after attaining a minimum of 21 years can apply for the loan. The borrower must not be 57 years old or have attained the retirement age, whichever is earlier, by the time of proposed loan maturity.

Loan Against Property Interest Rate

The purpose of this loan is pretty much the same to that of a personal loan. However, this loan is mortgaged by the value of residential or commercial property. In the case of a personal loan, there’s no need of any collateral. The loan against property can be granted at interest rates of 12.41%-13.08% per annum. The quantum of loan can be up to 60% of the market value of the property. You can get a maximum time of 15 years to repay the loan via Equated Monthly Installments (EMIs). You need to pay a processing fee at 1% of the loan amount plus applicable GST. The minimum processing fee is ₹5,000 plus GST. The minimum age of the applicant must be 23 years. On the other hand, the borrower must not have attained 65 years or retirement age, whichever comes before, at the time of proposed loan maturity.

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