Why Bandhan Bank Loan Interest Rates are best in the market? Interest rates on the personal loan facility play a huge role in defining your monthly installments while repaying the loan amount. Various banks and financial institutions provide the personal loan facility to their customers at an attractive rate of interest. Bandhan Bank is also one of the leading private banks of our country that provide personal loan facility to its existing customers. The best thing about the loan facility is the Bandhan Bank loan interest rates as they are one of the affordable in the current market. So if you’re someone who is looking to take a personal loan for some medical emergency, or to pay your credit card bill, or even for buying the latest iPhone, B andhan Bank loan interest rates will be handy for you. Features like quick disbursal of the loan amount and minimal documentation make this personal loan facility as one of the best among all. In this article, we will be telling you about the Bandhan bank loan interest rates, its eligibility criteria, and the documents that you’ll be needing in order to opt for this loan. So keep reading! Highlights of Bandhan Bank Personal Loan: ● This loan facility can be availed by the bank account holders of Bandhan Bank and even by the first time loan customers (excluding employees of Bandhan Bank). They can enjoy the attractive rate of interest and charges. ● You can get a minimum loan amount of INR 1 lakh to a maximum of INR 5 lakhs in a hassle-free manner. ● Bandhan Bank loan interest rates range from 15% to 16.10% per annum. You need to remember that it depends on several important factors such as your age, employment stability, employment type, and most importantly, the CIBIL score. Bank will assess all these details and then only, will decide your rate of interest. ● As stated by Bandhan Bank, the loan amount will be in your bank account within two days of your document submission. ● You can get the loan amount for a period of 12 to 36 months. How can you apply for Bandhan Bank Personal Loan: Now, when you know quite a lot about the personal loan facility provided by Bandhan Bank, you must want to know about the way by which you can apply for a Bandhan Bank personal loan. Well, the process is quite simple and free from any complications. You can have a look at the steps mentioned below. Step 1: Go to the official website of Bandhan Bank and go to the Personal Loan section. Step 2: Click on the Apply Now button where you’ll have to fill a few details like name, email id, mobile number, city and PIN code. Step 3: After submitting the form, the representatives from Bandhan Bank will contact you about your loan application. Eligible Criteria for getting a Bandhan Bank Personal Loan: ● The loan can be availed by both salaried and self-employed individuals. ● An applicant’s age must be between 21 and 60 years at the time of loan application. ● An Individual must have a 6-months old relationship with Bandhan Bank. ● The account of an individual must be operational with a minimum of 1 credit and debit entry in a month. Documents Required: ● Identity Proof (Aadhar Card/ PAN Card/ Passport)
● Address Proof (Driving Licence/ Electricity Bill/ Passport) ● Last three months salary slip ● Last two years of ITR statement