Bandhan Bank’s Personal Loan offers a convenient solution for individuals seeking quick financing for personal needs like marriage, travel, or education. Loan amounts range from ₹50,000 to ₹25,00,000, with interest rates starting as low as 9.47% per annum for salaried borrowers opting for longer tenures (above 3 years). For self-employed borrowers, rates start from 10.10% p.a. The flexible repayment tenure stretches up to 60 months.

A significant highlight is the fast loan processing time—funds can be credited in just two days. There’s also a part-payment feature for greater flexibility, and loans of ₹10 lakh and above come with no foreclosure charges, which is a valuable plus for high-value borrowers.

How to Apply for a Bandhan Bank Personal Loan

• Gather required documents (ID, address proof, salary slips, or bank statements).
• Visit the Bandhan Bank official loan page or branch.
• Fill in your personal and employment details on the application form.
• Submit your documents for verification.
• Wait for approval and loan disbursal, generally within two working days.

Key Advantages

One major benefit is the speed: few lenders provide approval and disbursal within just two days. This makes Bandhan Bank especially useful during financial emergencies.

Another plus is the flexible repayment period, which lets borrowers spread their EMIs over up to five years, easing repayment stress and helping manage cash flow effectively.

Potential Drawbacks

Bandhan Bank’s starting rate, while competitive, may not be the lowest for all eligible profiles—especially compared with exclusive offers from digital-first lenders.

Secondly, stricter documentation and eligibility criteria can slow down the process for self-employed applicants, depending on account activity and documentation availability.

Final Verdict

Bandhan Bank Personal Loan stands out for its rapid processing, attractive rates, and customer-friendly repayment options. Although some may find eligibility requirements stringent, the offer overall is compelling for those preferring traditional banks.