Looking for a personal loan? Bandhan Bank offers flexible options for salaried professionals, self-employed individuals, and business owners. Here’s everything you need to know in simple terms:
Loan Snapshot
✅ Loan Amount: ₹50,000 – ₹25 lakhs
✅ Interest Rate: Competitive (based on profile)
✅ Tenure: 3 months to 5 years
✅ Processing Time: Quick approvals
Who Can Apply?
1. Salaried Individuals
✔ Age: 21-60 years (23-56 for defense personnel)
✔ Minimum Salary:
- ₹25K (Metro) / ₹20K (Non-Metro) for most categories
- ₹40K (Metro) / ₹30K (Non-Metro) for CAT D
✔ Job Stability: 1+ year (3 months for govt. employees)
2. Self-Employed Professionals (SEP)
✔ Eligible: Doctors, CAs, Architects (BDS/BHMS/BAMS)
✔ Age: 23-65 years
✔ Business Stability: 1+ year
3. Self-Employed Non-Professionals (SENP)
✔ Business Owners: Retailers, manufacturers, service providers
✔ Age: No limit for companies
✔ Business Vintage: 3+ years
✔ Mandatory: Co-applicant required
Key Features
Loan Amounts by Category
| Category | Max Loan Amount |
|---|---|
| Salaried (CAT A/B) | ₹25 lakhs |
| Salaried (CAT C) | ₹15 lakhs |
| Salaried (CAT D) | ₹5-10 lakhs |
| SEP | ₹25 lakhs |
| SENP | ₹25 lakhs |
Special Cases:
- Defense personnel: Max 36 months tenure
- Bandhan Bank employees: From ₹10,000 loans
Income Calculation
- Salaried: Basic + 50% of variables (max 50% of net salary)
- Self-Employed: ITR/banking-based options available
- Rental Income: Up to 75% can be added
Documents Required
📌 For Salaried:
- 3 months salary slips
- 6 months bank statements
- KYC (PAN/Aadhaar)
📌 For Self-Employed:
- 1-2 years ITR with computation
- 12 months bank statements
- Business registration proof
📌 For Doctors/CAs:
- Degree certificates
- Practice registration
How Eligibility is Calculated
1. FOIR (Debt-to-Income Ratio)
| Income Range | Max FOIR |
|---|---|
| ≤₹30K | 50% |
| ₹30K-50K | 60% |
| ₹50K-75K | 65% |
| ≥₹75K | 70% |
Special: 100% FOIR for MBBS/MD holders
2. CIBIL Requirements
- Minimum 700 score (relaxed for NTC)
- Max 3 running unsecured loans
How to Apply?
- Check Eligibility: Match your category & income
- Choose Program: Salaried/SEP/SENP
- Submit Documents: Online or at branch
- Get Approval: Typically within 3-5 days
Pro Tip: Maintain clean banking habits (max 1 bounce in 3 months for salaried).
Why Choose Bandhan Bank?
✔ Flexible loan amounts
✔ Special programs for professionals
✔ Competitive interest rates
✔ Quick processing
Need funds? Check your eligibility today!
Note: Terms subject to change. Final approval at bank’s discretion.
