Bandhan Bank’s Personal Loan offer is tailored for those needing quick access to funds for marriage, travel, education, or other personal needs. Loan amounts range from ₹50,000 up to ₹25,00,000, with attractive interest rates to suit salaried and self-employed individuals. Interest rates start as low as 9.47% per annum for salaried borrowers opting for a tenure of more than three years. Repayment periods can extend up to 60 months, providing excellent flexibility.

Applicants can benefit from a fast 2-day loan disbursal and a hassle-free process with the option of doorstep document pickup. Moreover, Bandhan Bank makes it even more appealing with part-payment facilities and zero foreclosure charges on loans above ₹10 lakhs, subject to terms and conditions.

How to Apply for a Bandhan Bank Personal Loan

1. Check your eligibility based on age, employment status, and banking activity.
2. Gather necessary documents, including identification proof, recent salary slips (for salaried) or ITR and bank statements (for self-employed).
3. Complete the application form online or at a Bandhan Bank branch.
4. Submit your documents for verification and await approval.
5. Once approved, funds are credited within two working days.

Notable Pros

One of the strongest features of this offer is its accelerated loan processing time. Applicants can expect funds in their bank account within two days, which is excellent for urgent requirements. Flexible repayment up to 60 months also empowers borrowers to plan their EMIs according to their cash flows.

The minimum and maximum loan amounts are accommodating, making this an option both for small and large personal finance needs. Doorstep document collection further simplifies the experience.

Considerable Cons

Even though the advertised interest rates are attractive, rates may vary based on individual credit profiles, employment type, and tenure chosen. Self-employed applicants might face higher starting rates than salaried individuals.

Additionally, there are transactional requirements on your main bank account for eligibility. Not everyone may have the necessary banking activity pattern, which could restrict some potential applicants.

Verdict

Bandhan Bank’s Personal Loan is a compelling option for anyone that values speed and flexible terms. Its competitive rates, zero foreclosure option for higher loan amounts, and emphasis on customer convenience make it a noteworthy choice for a wide variety of borrowers.