Borrowers Bandhan Bank Personal Loan Reviews With Cibil Score: Over 3.07 crore customers are served by Kolkata. India-based Bandhan Bank, which operates in 35 states and union territories. It provides a range of products and services, including:
- Accounts
- Deposits
- Loans
- Credit Cards
- Fund Transfers
- Insurance
- Convenient Internet
- Online Banking
- Mobile Banking
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Bandhan Bank offers (Borrowers Bandhan Bank Personal Loan Reviews)
You might find some prospective offerings from Bandhan Bank interesting.
Visa Debit Card Offers: Valid from December 31, 2023, to September 15, 2024, Bandhan Bank Visa Debit Card holders can take advantage of a number of discounts and offers on retail and spa services, including Ajio, Tattva Spa, Snitch, Cloudtailor, Muscletech, Titan, Ferns and Petals, Mochi Shoes, Musafir, and Medibuddy.
Exclusive Deals: The promo code is good for a 500 discount on Lakme Salon services with a minimum bill value of 2,000 and is valid until May 31, 2021.
Interest rates for deposits
Different deposit packages with different interest rates are offered by Bandhan Bank. The interest rate on rupee savings bank accounts, whether they are held by residents or non-residents, varies based on the daily balance and is set at 3.00% to 8.05% as of September 5, 2023. The interest rate on term deposits or fixed deposits ranges from 3.00% to 7.85% annually, with an extra rate of up to 0.75% annually for senior citizens. The tenure of the FD determines the interest rate.
Loan application process
Bandhan Bank offers personal loans via online applications or in-branch visits; eligibility is verified with calculators. After submitting a form and uploading the necessary paperwork, loans are disbursed within hours of being approved.
Mobile banking app
The mBandhan mobile banking app from Bandhan Bank has more than 200 features to improve online banking. In addition to viewing interest, balance, and TDS certificates, customers can access account information, transfer money, order new checkbooks, amend account details, submit Form 15GH, and more. In addition, the app offers tools for managing personal finances, customized offers for mutual funds and insurance, and customized bargains for other categories. All things considered, mBandhan is a safe and convenient platform.
Eligibility criteria for a personal loan
The following are the requirements to be eligible for a personal loan from Bandhan Bank:
- The candidate needs to be a self-employed or salaried individual.
- The candidate must be vary between the ages limit of 21 and 60.
- The candidate must make at least $15,000 per month.
- It is necessary for the applicant to have two years or more of job experience.
- The candidate must have a CIBIL score of at least 700.
Contacting Bandhan Bank customer care
Customer service at Bandhan Bank can be reached through a number of means.
| Customer care helpline (toll-free) | 1800 258 8181 |
| Customer care number | 033 4409 9090 |
| Banking support | 033 6633 3333 |
| Micro banking | 033 6609 0909 |
| Head office | 033 4090 3333 |
Bandhan Bank head quarter
Bandhan Bank, an Indian bank with headquarters in Kolkata, can be reached by phone, email, or chat on their official website.
Bandhan Bank services (Borrowers Bandhan Bank Personal Loan Reviews)
Through the company’s CSR initiative, millions of impoverished people in 13 states, 74 districts, and 12,621 villages have seen a major improvement in their quality of life.
A wide range of financial services and products are offered by Bandhan Bank, such as online banking, credit cards, loans, deposits, accounts, and insurance. Additionally, they have a corporate social responsibility initiative that has improved the lives of millions of impoverished people in 74 districts and 13 states.
To find out more about their goods and services, go to their official website 2 or get in touch with them by phone, chat, or email.
Bandhan Bank founders
In the 1990s, Chandra Shekhar Ghosh established Bandhan Bank as a microfinance company in Kolkata. Since then, it has developed into a universal bank that, as of June 2023, had 6,000 banking locations and catered to all socioeconomic groups in India.
Bandhan bank personal loan
With an annual percentage rate of 10.5%, Bandhan Bank offers personal loans with a minimum of ₹50,000 and a maximum of ₹25,000. The bank offers a flexible 60-month payback term and promises to grant loans within two business days of receiving documents.
Through its website, Bandhan Bank provides personal loans, with the option for doorstep document pickup for expedited loan processing. In order to apply for a personal loan from Bandhan Bank, you must submit the following paperwork:
- Identity proof
- Address proof
- Income proof
- Bank statement
Bandhan bank personal loan approval time
After receiving the required paperwork, Bandhan Bank provides personal loans within two business days. Once the required documentation is received, the loan is authorized and sanctioned.
Depending on the accuracy of the documentation and other circumstances, processing times for loan applications can change. For further information on the status of your loan application, it is best to speak with the bank directly.
Bandhan bank loan approval time
Personal loans from Bandhan Bank are said to be disbursed in two business days once loan-related paperwork is submitted. Depending on completeness and other variables, processing times can change.
Bandhan bank repayment (Borrowers Bandhan Bank Personal Loan Reviews)
Via its website and Internet Banking, Bandhan Bank provides a safe online platform for paying bills and recharging for a range of bills, including gas, electricity, mobile, broadband, insurance, and loan repayments.
The MD of Bandhan Bank stressed that if borrowers’ businesses are operating, loan repayments shouldn’t be a worry. The majority of clients are willing to repay on time and are aware of the costs associated with the moratorium.
Bandhan bank market value
As of December 5, 2023, Bandhan Bank has a market capitalization of $3,64,46,78,000. The stock is currently trading at 232.05.
Bandhan bank share overview
Chandra Shekhar Ghosh launched Bandhan Bank Limited, a banking and financial services organization with its headquarters located in Kolkata, in 2014. Its business divisions include Treasury, Retail, Corporate and Wholesale, and Other Banking Business. On October 16, 2023, the market value of the stock was Rs. 37,758.47 crore, and its stock price was Rs. 243.65. The company’s price-to-book value ratio is 1.61, its P/E multiple is 18.63, and its return on equity is 11.2%. For the previous 12 months, the company’s basic earnings per share was 15.75 INR, with revenue of 185.537 billion INR and net income of 21.946 billion INR.
| Date | October 16, 2023 |
| Market value of the stock | Rs. 37,758.47 crore |
| Stock price | Rs. 243.65 |
| Company’s price-to-book value ratio | 1.61 |
| P/E multiple | 18.63 |
| Return on equity | 11.2%. |
| Earnings per share (Previous 12 months) | 15.75 INR |
Bandhan Bank PROS AND CONS
The potential for expansion of Bandhan Bank, a new Indian bank, stems from its emphasis on rural and semi-urban areas. However, because it is primarily serving remote areas, it may not be able to serve consumers in urban areas and lacks the experience and competence of older, established banks. As such, the bank has a promising opportunity to invest in it.
Bandhan Bank Personal Loan Alternatives
Bandhan Bank provides flexible repayment tenures and reasonable interest rates on personal loans with amounts ranging from ₹50,000 to ₹25,000,000. For loans totaling more than Rs. 10 lakh, the bank offers expedited processing times, free document pickup at your home, a part-payment option, and no foreclosure costs.
If you’re looking for personal loan alternatives from Bandhan Bank, take a look at these:
- HDFC Bank Personal Loan: From ₹50,000 to ₹75,000,00,000, HDFC Bank offers personal loans with flexible repayment terms of up to 60 months and affordable interest rates.
- ICICI Bank Personal Loan: With flexible repayment terms of up to 60 months and affordable interest rates, ICICI Bank provides personal loans in the amount of ₹50,000 to ₹25,000.
- Axis Bank Personal Loan: Axis Bank offers flexible repayment terms of up to 60 months along with reasonable interest rates on personal loans ranging in size from ₹50,000 to ₹25,000.
- Bajaj Finserv Personal Loan: Personal loans from ₹1,000 to ₹25,000 are available from Bajaj Finserv, with flexible repayment terms of up to 60 months and affordable interest rates..