Bandhan Bank Personal Loan

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Why us?

Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

What is Bandhan Bank Personal Loan?

Bandhan Bank Personal Loan

Are you in urgent need of money to overcome a financial crisis? It could be a medical emergency or an upcoming expense. Do not worry, apply for a personal loan and meet all your financial needs.

A personal loan is a type of unsecured loan that a person can avail based upon their monthly income and CIBIL score without the need to keep any collateral security with the lender.

Eligibility of Bandhan Bank Personal Loan

  • CIBIL Score: It reflects your credit history. The score is derived using a CIBIL report, which is also known as (CIR) Credit Information Report. All your payments are tracked through CIR.
  • Salary: The bank decides your loan amount approval based on your monthly income. This is just to make sure that the applicant is capable to pay the loan amount after loan disbursal.
  • Location: It is yet another primary concern while opting for a loan. Your loan will be sanctioned only from the bank branch that is nearby your current location.
  • Age: The age of the person applying for a personal loan must be between 21 to 60 years.

Documentation to Avail Bandhan Bank Personal Loan

Salaried Customers:

  1. Identity proof (Aadhar card/driving license)
  2. Salary slips of last three months
  3. Bank statements that are six months old
  4. PAN Card is must
  5. Residence Proof (Owned/Rented/Company provided)
  6. Passport sized photographs – 2

*NOTE: In case of rented apartments, rent agreement will be attached.

Self-Employed Customers:

  1. All financials are considered (company documents as well as ITR files)
  2. PAN Card
  3. Aadhar Card
  4. Residence Proof
  5. Two passport sized photographs

Benefits of Bandhan Bank Personal Loan

  • Easy Disbursal: There is an easy disbursal involved. You can now get the loan disbursed in just one or two days.
  • No guarantor: The best thing about Bandhan Bank Personal Loan is that you don’t have to show or keep any confidential papers.
  • Personal Documents: When you go for Bandhan Bank Personal Loan, make sure that all your documents are genuine as your documents speak for yourself.
  • Simple Application Process: Your few documents, along with your passport-sized pictures, are required for filing your application form.

Interest Rates on Bandhan Bank Personal Loan

All banks who provide personal loan have different interest rates. The minimum interest rate on personal loan is 10.75%

Why Dialabank?

Dialabank helps you to choose the best option of banks by providing you the updated market comparison of different banks so that you can make the right choice. Go to our website which is dialabank.com and fill a simple form with your details. Our customer relationship managers will soon get in touch with you.

What is CIBIL Score?

CIBIL Score is the history of your payments that you have done in the past. The CIR (Credit Information Report) is the history of your credit score which checks your account’s history for different loans that you have taken (if any) and the credit card history (if you have).

What is an EMI?

Equated Monthly Installments also know as EMI is the monthly fixed amount that the customer or applicant has to pay to the bank as the loan amount. The applicant is the borrower in such cases and the bank is the lender.

How to apply for Personal Loan?

  1. A person can easily apply for a Personal Loan at  www.dialabank.com.
  2. The process is very simple.
  3. For more information, you may call on 60011600.

FAQs About Bandhan Bank Personal Loan

Q. What is Bandhan Bank Personal Loan?

If you are in urgent need of financial help but can not provide security in exchange for a loan then Bandhan Bank Personal Loan is just the right help you need. A Personal Loan can be availed without the need to submit any security.

Q. How does Bandhan Bank Personal Loan work?

Bandhan Bank Personal Loan can be easily availed by walking into the nearest bank branch. Your Personal Loan is dependent on your monthly income and CIBIL score. Loan tenure of 12 to 36 months makes it easy to repay the loan amount in easy monthly installments.

Q. What is Personal Loan rate of interest in Bandhan Bank?

Bandhan Bank Personal Loan rates start at 15% per annum for a maximum loan amount of ₹5 lakhs over a loan tenure of 12 to 36 months.

Q. How can I get Bandhan Bank Personal Loan?

You can get a Personal Loan from Bandhan Bank by visiting their branch and contacting their loan officer regarding the same. You will need to submit some basic KYC documents and a few income proofs. Upon approval, the loan amount is transferred to your bank account.

Q. How to apply for Personal Loan in Bandhan Bank?

Apply for a Personal Loan with Bandhan Bank by walking into the nearest branch with your documents and filing a Personal Loan application form. You can also apply online with Dialabank and get the best deals and offers.

Q. Why apply for Bandhan Bank Personal Loan?

Bandhan Bank Personal Loans can be used for any urgent financial need. You do not have to provide any collateral security in exchange for your loan and the repayment can be done in monthly installments, EMIs. It is a multipurpose loan for all your needs.

Q. How much EMI on Bandhan Bank Personal Loan?

Your Bandhan Bank Personal Loan EMIs can be calculated using your loan tenure, loan amount, and rate of interest. Visit Dialabank to calculate your loan EMIs and to compare offers from different banks for all your financial needs.

Q. How much CIBIL score required for Bandhan Bank Personal Loan?

A CIBIL score above 700 ensures your approval for a Personal Loan from Bandhan Bank. Your CIBIL score is a major factor in deciding your loan eligibility because Personal Loans are unsecured in nature.

Q. Minimum credit score needed for Bandhan Bank Personal Loan?

The credit score is a measurement and estimate of your creditworthiness. Bandhan Bank requires you to have a credit score of at least 700 to consider your loan application for approval.

Q. How to calculate Bandhan Bank Personal Loan EMI?

Use any EMI calculator available online or the formula, EMI = P*R*[((1+R)^n)/((1+R)^n)-1] using your P – Principal loan amount, R – Rate of interest, and n – Loan tenure.

Q. What can I use Bandhan Bank Personal Loan for?

Bandhan Bank Personal Loan is a multipurpose loan that can be used for any of your personal financial needs. A wedding, a vacation, medical bills, and etc.

Q. Can I prepay Bandhan Bank Personal Loan?

Yes, if you have the required funds you visit your loan branch to pre-close your Bandhan Bank Personal Loan. Any charges as would be applied will have to be paid by you.

Q. How to prepay Bandhan Bank Personal Loan?

Visit your Bandhan Bank loan branch or contact them via internet banking to prepay your Personal Loan and close the same.

Q. How to repay Bandhan Bank Personal Loan?

Repayment of your Personal Loan can be done in easy EMIs or through internet banking facility as availed by the bank.

Q. What documents are needed for Bandhan Bank Personal Loan?

You will need your Aadhar Card, PAN Card, Salary Slips, Bank Statement, and ITR File to apply for a Personal Loan with Bandhan Bank.

Q. How to check Bandhan Bank Personal Loan status?

You can contact Bandhan Bank via the internet banking facility to stay updated with your loan status or any other loan related queries.

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