Personal Loan of Up to ₹4 Lakhs from Bandhan Bank

Personal Loan of Up to ₹4 Lakhs from Bandhan Bank – What Will Be the EMI, and How to Apply?

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Do you also require a loan for education, marriage, medical expenses, or other purposes? If so, this news is for you. Bandhan Bank is now offering its customers a personal loan of ₹4,00,000 with a tenure of 5 years. Bandhan Bank is offering unsecured personal loans to its existing customers and new borrowers. Simply put, Bandhan Bank is providing loans to its customers without requiring any collateral. If you are considering taking out a loan, please check the details regarding EMIs, interest rates, and the application process provided below.

₹4,00,000 Loan for 5 Years – Interest Rate

If you are availing a personal loan from Bandhan Bank, you should have complete information regarding the loan’s interest rate. Interest rates vary from bank to bank. Furthermore, the interest rate also differs based on the applicant’s CIBIL score. Bandhan Bank charges an interest rate ranging from 10.50% to 15.75% per annum on personal loans. Additionally, this rate may fluctuate—either upward or downward—depending on the bank’s policies and your eligibility.

5-Year EMI on a ₹4,00,000 Personal Loan

If you take out a loan of ₹4,00,000, what would the potential EMI be?

Let’s assume:

Loan Amount: ₹4,00,000
Interest Rate: 12% per annum (Example)
Loan Tenure: 60 months (5 years)

Estimated Monthly EMI: Approximately ₹8,898 – ₹9,000 per month

Features of Bandhan Bank Personal Loan

You can enjoy numerous benefits when taking a personal loan from Bandhan Bank:

  • You are not required to provide any collateral against the loan.
  • You get a flexible repayment tenure ranging from 12 to 60 months.
  • You receive quick approval thanks to a digital process and minimal documentation requirements.
  • You can choose between both online and branch-based options to apply for the loan.
  • You can utilize the personal loan for various purposes, such as emergency expenses, education, travel, weddings, or medical needs.

Read Also:- Shriram Finance Personal Loan: Get a loan in just 2 minutes—funds deposited directly into your bank account

Required Documents

To obtain a Personal Loan, certain documents are required, which are listed below:

  • Passport-sized photograph
  • Aadhaar Card
  • PAN Card
  • Bank Statement
  • Salary Slip / ITR

Eligibility Criteria

To obtain a personal loan from any bank, certain conditions must be fulfilled, which are listed below:

  • The applicant must hold Indian nationality.
  • The applicant’s age must be between 21 and 60 years.
  • The applicant’s CIBIL score must be 650 or higher.
  • The applicant must have a regular source of income.
  • A bank transaction history is required.

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