Bandhan Bank Personal Loan Interest Rates

Want to avail a personal loan from Bandhan Bank but don’t know the interest rates offered by the bank? All you need to do is just read the page below. Here, on this page, you can easily know Bandhan Bank Personal Loan Interest Rates mentioned in the table below.

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Bandhan Bank Personal Loan Interest Rates September 2020

ParticularsDetails
Interest Rates15.00% - 16.18%
Loan Amount
INR 1 Lakh - INR 5 Lakh
Tenure
12 to 36 Months
Processing Fee1% of the Loan Amount+GST
Prepayment Charges
Nil

Bandhan Bank Personal Loan Balance Transfer Interest Rates

If you want to transfer your existing personal loan to Bandhan Bank, you would be glad to know that you can do the same without any hassle. Switch your existing personal loan in Bandhan Bank and enjoy lower and best personal loan interest rates and EMI.

For example: If you have borrowed a loan of INR 12,00,000 from any other bank for 5 years at an interest rate of 17.00% per annum. At this pace, the interest outgo will go up to INR 5,89,385. You can reduce the liability by switching your outstanding balance to Bandhan Bank at a lower rate. If Bandhan Bank agrees for a switchover at 15.05% interest rate, how will it pan out for you? Check out the table to know the same.

ParticularsDetails
Loan in BeginningINR 12,00,000
Interest Rate17.00%
Tenure5 Years
EMI @14.00%INR 29,823
Estimated Interest Outgo @17.00%INR 5,89,385
Interest Paid Till 2-yearsINR 3,52,243
Outstanding Balance at the End of 2nd YearINR 8,36,488
EMI @15.05% for the Remaining 3 YearsINR 29,018
Interest @15.05% Over 3 YearsINR 2,08,146
Interest Paid Till Now + Interest Payable Over the Next 3 yearsINR 5,60,389 (3,52,243+2,08,146)
Estimated Savings in Terms of EMIINR 805
Estimated Savings in Terms of Interest PaymentINR 28,996 (5,89,385 - 5,60,389)

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