Bandhan Bank’s personal loan plans start at an interest rate of 8.86% to 9.50% p.a.*, with repayment tenures of up to 5 years. The loan is for both salaried and self-employed individuals to help manage expenses like home renovation, education, medical needs, and debt consolidation. With a transparent process, quick access, and strong customer support, Bandhan Bank makes borrowing simple and reliable, offering practical financial solutions that balance affordability with flexibility for diverse life goals.
*Rates may vary depending on the loan tenure. The longer the tenure, the lower the interest rate.
Bandhan Bank Personal Loan Highlights
Let's dive deep to get all the information about Bandhan Bank’s personal loan amounts, interest rates, tenure, terms and conditions before making a decision.
| Feature | Details |
|---|
| Loan Amount | ₹50,000 to ₹25 Lakh |
| Interest Rate Range | Starting from 8.86%-9.50% p.a* minimum (varying based on tenure). Rates effective from August 01, 2026 |
| Tenure | 12 to 60 months (1 to 5 years) |
| Processing Fee | Up to 3% of the loan amount + applicable taxes |
| Prepayment Charges | NIL for part-payment, max twice in the whole tenure. |
| Foreclosure Charges | 1st year: 4% of the remaining loan amount. Except if the loan is ₹10 Lakh+, in which case it’s free
After 1 year: 2.5% of the remaining loan amount
No Fee (FREE): If the loan is above ₹10 Lakh+ and paid off within one year |
| Late payment charges | 2% of the overdue amount or ₹200 per ₹10,000 of the EMI amount that is overdue. |
| EMI Bounce Charges | A flat fee of ₹500+GST is charged per instance for a failed EMI payment |
| Loan Cancellation Charges | Varies; please contact the bank for specifics. |
| Stamp Duty | Actual as per state law |
| Approval Time | Quick processing, with disbursement within two working days after documentation. |
Bandhan Bank Personal Loan Customer Profile
Bandhan Bank offers a streamlined personal loan product tailored to different customer profiles. The terms, especially the interest rates, vary based on the applicant's employment status and the chosen loan tenure.
| Borrower Type | Loan Amount | Interest Rates (p.a.*) starting from | Tenure | Processing Fees | Approval Time |
|---|
| Salaried Individuals | Up to ₹25 Lakh | 9.50% p.a (≤ 3 yrs) / 8.86% p.a (> 3 yrs) | Up to 5 years | Up to 3% | Fast |
| Self-Employed Professionals (SEP) | Up to ₹25 Lakh | 9.50% p.a (≤ 3 yrs) / 8.86% p.a (> 3 yrs) | Up to 5 years | Up to 3% | Standard |
| Self-Employed Non-Professionals (SENP) | Up to ₹25 Lakh | 9.50% p.a (≤ 3 yrs) / 8.86% p.a (> 3 yrs) | Up to 5 years | Up to 3% | Standard |
Rates effective from August 01, 2026
How to Calculate Bandhan Personal Loan EMI?
Estimating your monthly outflow is simple, and using the Bandhan personal loan EMI calculator makes repayment planning easier by providing accurate EMI values within seconds.
The standard mathematical formula for EMI calculation is: EMI = [P x R x (1+R)^N] / [(1+R)^N-1] Where:
- P is the Principal loan amount.
- R is the monthly interest rate in decimal form, calculated as Annual Interest Rate ÷ (12 × 100).
- N is the number of monthly instalments (tenure in months).
Example:
Suppose your Bandhan Bank personal loan amount is ₹5,00,000 with an interest rate of 8.86% p.a. for 5 years. Then, putting all the components in the formula, your monthly EMI will come close to ₹10,345.24 p/m. These prices might vary depending on processing fees, per-payment, late-payment, or foreclosure charges.
Bandhan Personal Loan Eligibility Criteria
Meeting the Bandhan Bank personal loan eligibility criteria is quite simple. Both salaried and self-employed individuals can apply if they fulfil the required age, income, and account transaction conditions.
For Salaried Individuals
- Age: 21 to 60 years.
- Citizenship: Must be an Indian citizen.
- Account Activity: A minimum of one customer-initiated transaction is required in the salary account every month.
- Credit Score: A strong CIBIL score is a key determinant for loan approval and securing a better interest rate.
For Self-Employed Individuals (Professionals & Non-Professionals)
- Age: 23 to 65 years.
- Citizenship: Must be an Indian citizen.
- Account Activity: Minimum one debit and two credit transactions monthly, or 12 credit transactions in the last 12 months in the main business account.
- Credit Score: A high CIBIL score is essential for eligibility.
Documents Required for a Personal Loan in Bandhan Bank
Understanding the documents required for a personal loan in Bandhan Bank is important to avoid delays during approval.
- ID proof such as a passport, Driving License, Aadhaar Card, voter ID Card, or a letter from the National Population Register.
- One recent passport-sized photograph.
- Last three months' salary slips or the last three months' salary account statement for salaried borrowers.
- Latest Income Tax Returns (ITR) with computation of income and the last 12 months' main business account statement for self-employed people.
How to Apply for a Personal Loan in Bandhan Bank?
The steps to get a personal loan from Bandhan Bank are quick and simple.
- Step 1: Navigate to the Bandhan Bank Personal Loan section to understand the features and eligibility.
- Step 2: Enter your personal, contact, and employment details accurately in the form below.
- Step 3: A bank representative will connect with you to get all your information and understand your eligibility.
- Step 4: The bank will ask you to submit all the necessary documents and get back to you with the approval/unapproval status of your loan.
- Step 5: Upon successful verification of your documents and approval of the loan, the amount is disbursed to your account, typically within two working days.
How to Check Bandhan Bank Personal Loan Status Online?
After applying, you can easily track the progress of your application:
- Step 1: Log in to your mBandhan mobile app account or net banking portal using your registered credentials.
- Step 2: Find the "Loans" or "Application Status" section within your dashboard.
- Step 3: The portal will display the current status of your Bandhan personal loan application, whether it is under review, approved, or requires further action.
How to Download a Bandhan Personal Loan Statement Online?
Accessing your loan statement is now quick and convenient with Bandhan Bank’s digital services.
- Step 1: Open the app and log in to your mBandhan Bank app or net banking portal using your User ID and MPIN.
- Step 2: Once on the homepage, navigate to the section for your loan accounts.
- Step 3: Select your active personal loan account and choose the option to view or download the e-statement for the desired period.
- Step 4: The loan statement will be generated, typically in PDF format, for you to save or print.
Bandhan Bank vs Other Banks Interest Rates (2026 Rates)
When considering a personal loan, it is prudent to compare the Bandhan Bank personal loan interest rate with that of other leading lenders in the market.
| Bank / NBFC | Personal Loan Interest Rate (p.a.*) | Unique Selling Proposition (USP) |
|---|
| Bandhan Bank | 8.86%* onwards | Lower starting rate of 8.86% p.a*. for >3-year tenures, with 0 part-payment charges and 0 foreclosure charges on eligible ₹10 lakh+ personal loans after 12 EMIs. |
| HDFC Bank | 9.99%* onwards | Quick disbursal for eligible pre-approved customers without any documentation and a processing fee capped at ₹6,500 + GST. |
| ICICI Bank | 9.99%* onwards | Total digital borrowing of up to ₹50 lakh with a tenure of 72 months and 0 foreclosure charges after 24 EMIs. |
| Axis Bank | 9.99%* onwards | Repayment tenure up to 7 years, with 0 foreclosure charges after 12 EMIs |
| Kotak Mahindra Bank | 10.99%* onwards | Highest loan value offering of up to ₹1 crore, with repayment tenure up to 6 years. |
Bandhan Personal Loan Customer Care Number & Contact Details
For quick assistance and query resolution, customers can easily connect with Bandhan Bank personal loan customer care through various channels.
- Customer Care Toll-free Number: 1800-258-8181
- Customer care no: 033-6633-3333
- WhatsApp: +91 87 3000 3000
- Email Support: customercare@bandhanbank.com
- Branch Visit: You can visit any Bandhan Bank branch for in-person support from a representative.
Bandhan Personal Loan vs. NoBroker Cash Loan - Which is Better?
When evaluating borrowing options, it is useful to compare a traditional Bandhan Bank personal loan with modern fintech alternatives, such as NoBroker InstaCash.
| Features | Bandhan Bank Personal Loan | NoBroker InstaCash |
|---|
| Approval time | Within two working days | After approval and verification, subject to applicable terms |
| Loan amount | Up to ₹25 Lakh | ₹5,000-₹10,000 |
| Eligibility | Based on tenure, CIBIL score, and employment type | Salaried or self-employed, CIBIL>700 or Experian>750, age 21-65 |
| Documentation | Income proof, bank statements, KYC | KYC and employment details |
Get Instant Cash with NoBroker InstaCash
Planned or unplanned expenses can be met with the Bandhan Bank personal loan. But urgent financial requirements may be met only by platforms that offer quick, small loans. NoBroker InstaCash addresses this gap by offering up to ₹10 lakh instantly, linked directly to monthly rent transactions. The application is fully digital, eliminating cumbersome paperwork and significantly reducing waiting time. This flexible approach makes it a smart companion to traditional personal loans, ensuring liquidity is available precisely when it is most needed.
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Frequently Asked Questions
Q. What is the Bandhan Bank personal loan interest rate in 2026? Ans: For salaried/self-employed individuals, it starts at 9.50% p.a* for tenures up to 3 years and 8.86% p.a* for tenures above 3 years.
Q. What is the minimum salary for a Bandhan Bank personal loan? Ans: The Bandhan Bank personal loan eligibility minimum salary is not explicitly defined, but a regular source of income and consistent account activity are mandatory.
Q. How to check Bandhan personal loan status? Ans: You can check the Bandhan personal loan application status by logging into the mBandhan mobile app or the internet banking portal on the bank's website.
Q. What are the Bandhan personal loan preclosure charges? Ans: The Bandhan personal loan preclosure charges are 4% within the first year. However, charges are NIL for personal loans over ₹10 Lakh.
Q. What is the maximum loan amount from Bandhan Bank? Ans: The maximum personal loan amount offered by Bandhan Bank is ₹25 Lakh, subject to the applicant's eligibility and credit profile.
Q. Are there any part-payment charges? Ans: There are NIL part-payment, max twice during the whole tenure.
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Krishnan grew up in the libraries of Thiruvananthapuram. As an engineer turned writer, Krishnan is fascinated by the stories told by cities through their buildings, culture and music. His blogs are aimed at breaking down the most relevant and actionable insights on the Indian realty sector.
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