Bandhan Bank Personal Loan Interest rates from 11.90% p.a
Get a personal loan from Bandhan Bank with interest rates starting from 11.90% p.a. Flexible repayment options and quick approval. Apply now for easy access to funds.
What is meant by Bandhan Bank Personal Loan Interest rate?
The Bandhan Bank personal loan interest rate would mean the percentage that is added to the borrowed amount which is then paid through EMIs, which stands for equated Monthly Installments.
Key Features of Bandhan Bank Personal Loan Interest Rates
- The Interest Rates starting from 11.90% p.a for salaried and from 12.55% p.a for self-employed
- Interest rates that depend on borrowers’ creditworthiness.
- Reasonable in comparison with competitors, this makes the price attractive to consumers.
Bandhan Bank Interest Rate VS Other Banks
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| L&T Finance | From 12% | Up to ₹7 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Factors Influencing Bandhan Bank Personal Loan Interest Rates
The interest rate on a Bandhan Bank personal loan is not fixed and varies depending on several factors:
- Credit Score: A credit score of 750 and above will help to reduce the probability of being offered a higher interest
- Income Stability: Higher and consistent income also help to assure the bank of your repayment ability, which leads to better rates
- Loan Amount: While shorter tenures enable lower interest rates, they also mean increased monthly EMI payments
- Repayment Tenure: Shorter tenures often come with lower rates but require higher monthly EMIs.
- Employment Type: Self-employed people with fluctuating incomes may be charged higher than salaried workers with stable employment contracts.
- Existing Relationship with Bandhan Bank: Existing savings account holders or those who had previously taken some kind of loan from Bandhan Bank could get better interest rates.
Ways to secure the best Interest Rate on Bandhan Bank Personal Loans
To secure the most favorable interest rate, follow these tips:
- Improve Your Credit Score: Keep your credit score above 750 by checking your credit score and rectifying any discrepancies on a regular basis.
- Maintain a Low Debt-to-Income Ratio: Maintain your other borrowings at low levels so as to assure the bank about your capacity to repay the money.
- Choose a Shorter Loan Tenure: Choose the loan interval that is shorter so that aside from the amount you borrow you also spend less on interest.
- Existing Relationship with the Bank: If you are already a customer with the Bandhan Bank, ask about specific bonuses or personalized promotions that are given to the returning customers.
- Festive Offer: Look out for special rates and discounts during festive periods.
Bandhan Bank Personal Loan Interest Rate with an Example
An EMI calculator helps you estimate your monthly repayments, making financial planning easier.
Formula: EMI = \[P x R x (1+R)^N\] / \[(1+R)^N - 1\], where:
P = Loan amount,
R = Monthly interest rate,
N = Loan tenure in months.
How It Works:
- Enter the loan amount.
- Input the applicable interest rate.
- Choose the desired repayment tenure.
Example Calculation:
- Loan Amount: ₹6,00,000
- Interest Rate: 13% p.a.
- Tenure: 5 years (60 months)
- Monthly EMI - ₹13,652
- Total Cost of the loan - ₹8,19,111 (Excluding fees and charges)
FAQs About Bandhan Bank Personal Loan Interest Rates
1. Can you tell me about the lowest interest rate on personal loans from Bandhan Bank?
This interest rate ranges at 11.90% per annum depending on the qualification of the borrower.
2. Can I have any negotiation power over the rate of interest that is charged on personal loan?
Yes, borrower with good or existing relationship with the bank may bargain for lower interest rates.
3. Well now that we have talked about interest rate, could there be any other cost of funds available?
Yes, Bandhan Bank does charge a processing fee, this range from 1-2% of the sum being borrowed.
4. What measures can be taken to reduce the interest rate of personal loan?
Ensure good credit rating, go for relatively short term and apply during offers.
5. What is the term for a loan product available in Bandhan Bank’s repertoire of lending?
Yes, there is something called as pre-approved personal loans which are offered to certain customers at reasonable rates.
