Bandhan Bank Personal Loan Interest Rate

From tuition fees to living expenses, funding an international education requires careful planning as it involves significant financial challenges. A Bandhan Bank personal loan can help bridge the financial gap, offering competitive terms to support your aspirations. But what is the current Bandhan Bank personal loan interest rate?

This blog explores how the Bandhan Bank personal loan interest rate and its features can make studying abroad more accessible, along with eligibility criteria, application processes, and tips for securing the best loan terms.

What Are Bandhan Bank Personal Loan Interest Rates?

The Bandhan Bank Personal Loan interest rate plays a pivotal role in determining the affordability of your loan for studying abroad. These rates are structured to cater to diverse borrower profiles, ensuring flexibility and accessibility. Knowing the current rates and factors that influence them helps you plan your finances effectively.

• Interest Rate Range: Bandhan Bank offers personal loans and education loans for abroad studies with interest rates starting from 9.47% per annum, with rates extending up to 18.50% based on your credit profile, loan tenure, and employment status.
• Fixed Rate Advantage: The bank provides fixed-rate loans, ensuring stable monthly EMIs unaffected by market fluctuations or RBI repo rate changes.
• Tenure Impact: Loans with tenures exceeding three years often attract lower interest rates, while shorter tenures may have higher rates.
• Borrower Profile: Salaried individuals typically secure lower rates compared to self-employed professionals due to income stability.

Understanding these factors allows you to estimate your repayment obligations and choose a loan that aligns with your financial capacity.

Also Read: 

• Education Loan for Abroad Studies by Indian Government
• How to Reduce Education Loan Interest Rates? Tips to Lower EMIs

Eligibility Criteria for Bandhan Bank Personal Loans

Before applying, ensure you meet Bandhan Bank’s eligibility requirements to qualify for a personal loan. These criteria of personal loan for education are designed to assess your ability to repay while making the loan accessible for funding international education expenses.

• Age Requirements: Salaried individuals must be between 21 and 60 years, while self-employed individuals can be up to 65 years at the time of application.
• Employment Status: Both salaried and self-employed professionals are eligible, but non-professional business owners may not qualify.
• Credit Score: A CIBIL score of 750 or higher increases your chances of securing a lower Bandhan Bank personal loan interest rate.
• Banking Relationship: Existing account holders with a minimum six-month relationship may receive preferential rates.
• Income Stability: A stable income, particularly for salaried individuals, or a profitable business for self-employed applicants, is crucial.

Meeting these criteria ensures a smoother application process and better loan terms, helping you fund tuition, accommodation, or travel expenses abroad.

Documents Required for Bandhan Bank Personal Loans Application

Submitting the right documents is essential for quick loan approval. Bandhan Bank simplifies this process with minimal documentation, ensuring fast disbursal for urgent financial needs like study abroad expenses.

• Identity Proof: PAN card, Aadhaar card, passport, or voter’s ID.
• Address Proof: Aadhaar card, driving license, or utility bills.
• Income Proof: For salaried individuals, three months’ salary slips and Form 16; for self-employed, two years’ Income Tax Returns with balance sheets.
• Photograph: One recent passport-sized photograph.
• Bank Statements: For self-employed applicants, a 12-month main business account statement.

For pre-approved loan offers, income proof may not be required for online applications, streamlining the process further.

Benefits of Choosing Bandhan Bank Personal Loans for Studying Abroad

Bandhan Bank personal loans offer features that make them an attractive option for financing international education. From competitive interest rates to flexible repayment options, these loans are tailored to meet diverse financial needs.

• Competitive Interest Rates: Starting at 9.47% p.a., the Bandhan Bank personal loan interest rate is among the most competitive, especially for salaried individuals with strong credit profiles.
• Flexible Tenure: Repayment periods range from 12 to 60 months, allowing you to balance EMIs with your budget.
• Quick Disbursal: Approved loans are credited within two working days, ideal for urgent needs like paying tuition or securing visas.
• No Collateral Required: These unsecured loans require no security or guarantor, simplifying the borrowing process.
• Online Application: A hassle-free online process with doorstep document pickup ensures convenience.

These benefits make Bandhan Bank a reliable choice for funding your study abroad journey without financial strain.

Additional Charges to Consider with Bandhan Bank Personal Loan

Beyond the Bandhan Bank personal loan interest rate, additional charges impact the overall cost of borrowing. Understanding these fees helps you avoid surprises and plan your finances better.

Charge Type	Details
Processing Fees	Up to 3% of the loan amount; waived for loans below INR 10 lakh.
Late Payment Penalty	INR 200 per INR 10,000 of EMI dues + GST for defaults.
Foreclosure Charges	4% of outstanding principal within 12 months; 2.5% after 12 months.
Prepayment Charges	3% of the outstanding amount after the first EMI; none for loans above INR 10 lakh after 12 EMIs.

These charges are subject to GST, so factor them into your repayment plan to ensure affordability.

Tips to Secure the Best Bandhan Bank Personal Loan Interest Rate

Securing a lower Bandhan Bank personal loan interest rate can significantly reduce your borrowing costs. Implement these strategies to improve your eligibility and get favorable terms.

• Improve Your Credit Score: Maintain a CIBIL score above 750 by paying existing loans and credit card bills on time.
• Leverage Existing Relationships: If you’re an existing Bandhan Bank customer, a six-month banking history may qualify you for lower rates.
• Opt for Longer Tenure: Choose a tenure of over three years to potentially secure a lower interest rate.
• Monitor Seasonal Offers: Look for festive or anniversary deals that may include discounted rates or waived fees.
• Limit Debt Obligations: Keep your total loan repayments, including the new EMI, within 50–55% of your monthly income.

These steps enhance your chances of securing a cost-effective loan to fund your international education.

Also Read:

• Interest Rates on Education Loans Without Collateral for Abroad Studies
• Expenses Covered in Education Loan

How to Apply for a Bandhan Bank Personal Loan

Applying for a Bandhan Bank personal loan is straightforward, with options for both online and offline processes. Quick approvals and disbursals ensure you can meet urgent financial needs for studying abroad.

• Online Application:
  • Visit the Bandhan Bank website and navigate to the personal loan section.
  • Fill out the application form with your personal and financial details.
  • Submit required documents digitally or opt for doorstep pickup.
  • Await verification and disbursal within two working days.
• Offline Application:
  • Visit the nearest Bandhan Bank branch.
  • Complete the application form and submit physical copies of documents.
  • A bank representative will guide you through the process.
• Customer Support: Contact Bandhan Bank at 1800 258 8181 for assistance or to check application status.

This streamlined process ensures you can focus on preparing for your study abroad journey without delays.

Bandhan Bank stands out as a reliable option for financing your international education. With competitive Bandhan Bank personal loan interest rates, flexible repayment tenures, and a quick disbursal process, the bank caters to diverse financial needs. Whether you’re covering tuition fees, accommodation, or travel expenses, this loan offers the flexibility and convenience to make your study abroad dream a reality.

FAQs

Evaluate all study abroad options with Leverage Edu. Stay tuned with Leverage Live classes and realise your dream of studying in your dream country.

Additional Blogs
IDBI Bank Education Loan Interest Rate: Eligibility & Tips	Axis Bank Personal Loan Interest Rate 2025
Vidyalakshmi Education Loan: Features, Eligibility, & How to Apply	Everything About Education Loan for MS
Smart Tips for Education Loan Repayment for Students	Education Loan Scheme by Narendra Modi!
A2 Form Axis Bank: How to Download, Fill & Submit	HDFC Bank Education Loan Interest Rates