Personal loans are a convenient financial solution when you need instant funds for various expenses. Whether it’s for a wedding, home renovation, medical emergency, or travel, BANDHAN BANK personal loans offer attractive interest rates, easy EMI options, and flexible repayment plans. In this blog, we’ll explore the minimum interest rate on BANDHAN BANK personal loans, along with other important details like loan eligibility, processing fees, repayment tenure, and prepayment charges.
Minimum Interest Rate for BANDHAN BANK Personal Loans
The personal loan interest rate from BANDHAN BANK starts at 10.49% per annum. However, the actual rate offered depends on various financial factors:
- Credit Score: A higher CIBIL score (750 and above) increases the chances of getting a lower interest rate.
- Income Level: Higher monthly income improves loan eligibility and may lead to better loan terms.
- Employer Category: Salaried employees working in top-tier companies, MNCs, and government organizations are more likely to get a lower APR (Annual Percentage Rate).
- Existing Relationship with BANDHAN BANK: Existing customers with a good banking history and a high savings account balance may receive preferential interest rates.
To get an estimate of the interest rate you might be eligible for, use the BANDHAN BANK personal loan EMI calculator available on their website.
Key Features of BANDHAN BANK Personal Loans
Loan Amount
BANDHAN BANK offers instant personal loans ranging from ₹50,000 to ₹40 lakhs, catering to both small and large financial needs.
Loan Repayment Tenure
Borrowers can choose a flexible tenure ranging from 12 to 84 months, making it easier to manage monthly EMI payments based on their financial capacity.
Processing Fees
BANDHAN BANK charges a loan processing fee of up to 2% of the loan amount, plus applicable GST. This fee is deducted at the time of loan disbursement.
Benefits of BANDHAN BANK Personal Loans
- Quick loan approval and fast disbursal
- No collateral required (unsecured loan)
- Fixed interest rates, ensuring stable EMIs
- Flexible EMI repayment options
- Online application and loan tracking
Final Thoughts
BANDHAN BANK provides competitive personal loan interest rates starting at 10.49% per annum, along with hassle-free loan processing and easy repayment options. However, the final loan offer depends on your creditworthiness, employment status, and financial profile. Before applying, compare different loan plans, check your eligibility, and use the personal loan EMI calculator to determine your best option.
For the latest loan interest rates, eligibility criteria, and to apply for a personal loan online, visit BANDHAN BANK’s official website or apply with your financial advisor Rig Samhita India Private Limited (www.rigsamhita.com).