Bandhan Bank Personal Loan 2025

Particulars	Charges
Processing charges	1% of the loan amount + applicable GST
Prepayment charges	Nil (prepayment allowed only after the payment of first 6 EMIs)
Late payment charges	24% p.a. on the outstanding amount from the date of default
Stamp duty	As per the law applicable in the state
Other statutory charges	As per the law applicable in the state
Cheque bounce	Rs.300 for each bounced cheque + applicable GST

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Eligibility Criteria for Bandhan Bank Personal Loan

Employment status of the applicant: The applicant should be a self-employed individual or a salaried individual with regular income.

Minimum age: The applicant should be at least 21 years old at the time of applying for the loan.  

Maximum age: The applicant should not be more than 60 years old at the time of applying for the loan.

Minimum relationship with the bank: The applicant will be required to have at least 6 months of relationship with Bandhan Bank in order to be eligible for a personal loan.

Activities in the bank account: The bank account of the applicant should have at least 1 credit and 1 debit entry every month which is induced by the customer.

Required Documents for Bandhan Bank Personal Loan

Bandhan Bank offers personal loans against minimum documentation. Some of the documents which are required for making an application are listed below:

1. Proof of identity such as PAN card, passport, Election Commission card, Aadhaar card, driving license, etc.
2. Proof of address such as PAN card, passport, Election Commission card, Aadhaar card, driving license, etc.
3. Proof of signature such as PAN card or passport.
4. Passport-sized photograph.
5. Form 16 and 3 months' salary slips in case of salaried individuals.
6. Income Tax Returns for 2 years along with computed income statement, profit and loss account, and balance sheet for self-employed individuals.

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FAQs on Bandhan Bank Personal Loan

• How long does Bandhan Bank take to disburse a loan?

  Once the documents are submitted and verified, the loan amount will be disbursed within 2 working days.

• In case of prepayment of a personal loan, does Bandhan Bank charge a fee?

  There are no additional charges for prepayment of a personal loan with Bandhan Bank. However, the applicant will be required to pay a minimum of 6 EMIs in order to be eligible for prepayment of the loan.

• How do I know the status of my Bandhan Bank Personal Loan?

  If you have applied for a personal loan through BankBazaar, you can know the status of your Bandhan Bank Personal Loan by logging in to your BankBazaar profile. You can check the status of the loan from the website. You will also receive regular updates about the status of your personal loan through SMS or email which is sent to the registered mobile number and registered email ID, respectively. You can also receive push notifications about the status of the loan if you are using the BankBazaar application on your smartphone.

• Is it required to provide collateral in case of making a personal loan application with Bandhan Bank?

  No, you will not be required to provide any collateral. Bandhan Bank Personal Loan is an unsecured loan and thus, you will not be asked to provide any security against the loan.

• Does Bandhan Bank offer long-term personal loans?

  No, Bandhan Bank does not offer long-term personal loans. It offers personal loans for a period of 12 months to 36 months, i.e. for short-term and medium-term.