What is Bandhan bank personal loan interest rate :-
Are you in need of extra funds for your expenses but don’t want to take a loan from the bank? Then, Bandhan Bank might be your best option. Bandhan Bank offers personal loans with attractive interest rates and flexible repayment options. In this blog post, we will discuss the various interest rates of Bandhan Bank personal loans, so you can make an informed decision about which loan is best for you.
Bandhan Bank Personal Loan Interest Rate
Bandhan Bank personal loan interest rates start at 10.99% p.a. and go up to 24% p.a. The lowest rate is offered to individuals with a good credit score and income level. The interest rate on your Bandhan Bank personal loan will depend on several factors such as your credit score, income level, employment history, and repayment history.
What are the Eligibility Criteria for a Bandhan Bank Personal Loan?
To be eligible for a Bandhan Bank Personal Loan, you must:
-Be at least 18 years of age
-Be a resident of India
-Have a regular source of income
-Have a good credit history
If you meet all of the above criteria, you can apply for a Bandhan Bank Personal Loan online or in person at any Bandhan Bank branch.
How to Apply for a Bandhan Bank Personal Loan
Bandhan Bank personal loans can be applied for online through the bank’s website, or through a physical branch. The application process is simple and straightforward, and can be completed in a few minutes.
The first step is to fill out an online form with your personal and financial details. Once you have submitted the form, a representative from the bank will contact you to discuss your loan options.
Once you have decided on a loan amount and repayment plan, you will need to submit some supporting documentation. This includes proof of income, bank statements, and other financial documents.
Once your application has been approved, the loan amount will be deposited into your account within a few days. You can then start using the funds for any purpose you wish!
Documents Required for a Bandhan Bank Personal Loan
When you apply for a Bandhan Bank personal loan, you will need to submit the following documents:
- Your ID proof: This can be your passport, driver’s license, PAN card, or any other valid government-issued ID.
- Your address proof: This can be your utility bill, lease agreement, or any other official document that confirms your current address.
- Your income proof: This can be your latest payslip, bank statement, or any other document that confirms your income.
- Your employment proof: This can be your offer letter, contract, or any other document that confirm
How to Repay a Bandhan Bank Personal Loan
Assuming you have a Bandhan Bank personal loan with an interest rate of 10.5%, your EMI would be approximately Rs. 2,321 per lakh. To repay your loan, you can either pay the entire amount at once or make EMIs for the entire tenure of the loan. Pre-payment charges will apply if you choose to pay off your loan early.
If you opt for the EMI route, post-dated cheques must be submitted to Bandhan Bank in advance or you can enroll in the auto debit scheme where your EMIs will be deducted automatically from your account every month on the specified date.
Bandhan Bank Personal Loan Customer Care
Bandhan Bank Personal Loan Customer Care is a team of dedicated professionals who are always available to help you with your loan needs. Whether you have questions about the loan process, need help filling out your application, or simply want to know more about Bandhan Bank personal loans, our customer care team is happy to assist you.
You can reach our customer care team by phone at 1-888-321-4574 or by email at customercare@bandhanbank.com. Our hours of operation are Monday through Friday, 9:00 am to 5:00 pm EST.
Conclusion
Bandhan Bank personal loan interest rate is a great option for those looking for affordable financing with flexible repayment terms. With Bandhan Bank, you have the opportunity to get a low-interest rate on your loan and enjoy the added benefits of their various other services. Whether you are looking to finance a purchase or just need extra funds in an emergency, make sure to compare all your options before taking out a loan so that you can find the best deal possible.
