Personal loan can help manage urgent financial needs such as medical expenses, education fees, travel costs, home renovations, wedding expenses, or debt consolidation. If you are planning to apply for a personal loan from Bandhan Bank, it is very important to understand the eligibility criteria before applying.
Bandhan Bank offers personal loans to salaried and self-employed individuals based on factors like income, age, employment stability, repayment capacity, and credit history.
Bandhan Bank Personal Loan Recap
| Feature | Details |
| Loan Type | Unsecured Personal Loan |
| Loan Amount | 1 lakh to 25 lakh |
| Interest Rate | Starting from around 10.50% p.a. |
| Loan Tenure | Up to 5 years |
| Collateral | Not required |
| Processing Time | Depends on verification |
Bandhan Bank Personal Loan Eligibility Criteria
Applicants must meet certain conditions to qualify for the loan.
Age Requirement
The applicant should generally fall within the bank’s eligible age limit.
| Applicant Type | Age Requirement |
| Minimum Age | 21 years |
| Maximum Age | 60 years |
Applicants with stable earning years usually get easier approval.
Employment Type
Bandhan Bank personal loans are usually available for:
- Salaried employees with a minimum 20,000 net salary
- Self-employed with 1-year bank statement and 2-year income tax file
Minimum Income Requirement
Income eligibility depends on:
- City category
- Employment type
- Existing financial obligations
Generally, applicants with stable monthly income and regular salary credits have higher approval chances.
Work Experience Requirement
The bank may prefer applicants who have:
- Minimum 1–2 years total work experience
- Stable employment in the current company
Frequent job changes may affect approval chances.
Credit Score Requirement
A healthy credit score improves both eligibility and interest rate offers.
Preferred CIBIL Score
- -1 or 730+ credit score preferable
Choose Best Lender for Personal Loan Apply
| Lenders | Interest Rate (p.a.) | Salary Per Month | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | Rs. 9,000 | Apply Now |
Also Read: How to Get an Instant Loan on SBI Credit Card?
Documents Required
Applicants generally need the following documents:
| Document Type | Examples |
| Identity Proof | Aadhaar Card, PAN Card |
| Address Proof | Utility Bill, Voter ID |
| Income Proof | Salary slips and 1-year Bank Statement |
| Employment Proof | Employee ID or offer letter |
| Photographs | Passport-size photos |
For Self-Employed Applicants
- Business proof
- GST or trade license
- ITR documents
- Business bank statement
Bandhan Bank Personal Loan Interest Rate
Your interest rate depends on various factors like monthly salary, credit score, ITR income, and banking transactions.
Estimated Interest Rate
- Starting from around 10.50% per annum
| Minimum Rate of Interest | 10.50% per annum |
| Maximum Rate of Interest | 14.26% per annum |
Bandhan Bank Personal Loan EMI
| Loan Amount | Interest Rate | Tenure | Approx EMI |
| ₹1 Lakh | 11% | 2 Years | ₹4,660 |
| ₹3 Lakhs | 12% | 3 Years | ₹9,964 |
| ₹5 Lakhs | 13% | 5 Years | ₹11,377 |
Choosing a longer tenure reduces EMI but increases total interest payable. Explore the Personal Loan EMI Calculator to check your loan EMI.
Also Read: Bandhan Bank Business Loan: Get 10 Lakh Loan
Factors Affecting Bandhan Bank Personal Loan Eligibility
1. Credit Score
Your CIBIL score helps the bank understand your repayment behaviour. A higher score increases approval chances.
2. Monthly Income
Higher and stable income improves the repayment capacity assessment.
3. Job Stability
Applicants working with the same employer for a longer duration are usually considered lower risk.
4. Existing EMIs
Too many active loans or high monthly EMIs may reduce loan eligibility.
5. Banking Behaviour
Minimum ₹20,000 salary credits and a healthy account balance create a positive financial impression.
Benefits of Bandhan Bank Personal Loan
🔹 No Collateral Required
You do not need to pledge any property or asset.
🔹 Flexible Loan Usage
The amount can be used for almost any personal financial requirement.
🔹 Quick Processing
Eligible applicants may receive faster approval and disbursal.
🔹 Flexible EMI Repayment
Borrowers can choose a repayment tenure from 1 year to 5 years for the Bandhan Bank loan.
Also Read: Axis Bank Personal Loan Eligibility
Conclusion
Bandhan Bank personal loans can be a suitable financing option for salaried and self-employed individuals looking for quick funds without collateral.
The bank considers factors like income stability, employment history, credit score, and repayment capacity while evaluating applications. Applicants with strong financial discipline and a healthy credit profile usually receive better approval chances and interest rates. Before applying, always compare repayment obligations carefully and choose a loan amount that comfortably fits your monthly budget.