Bandhan Bank Personal Loan Eligibility – Criteria & Requirements Guide

Key Takeaways 

• The minimum age requirement for a Bandhan Bank personal loan is 21 for salaried individuals and 23 for self-employed individuals. The maximum age at maturity is 60 for salaried individuals and 65 for self-employed individuals. 

• Self-employed individuals must maintain a monthly or annual credit/debit pattern, and salaried customers must complete at least one “customer-induced”  transaction per month for getting a Bandhan bank personal loan. 

• Proof of income is different for Bandhan bank personal loan. Self-employed applicants require ITR plus 12 months’ worth of business account statements, while salaried applicants must submit three months' worth of pay slips and account statements.

“Eligibility is the deciding factor in your Bandhan Bank personal loan process. Let’s understand whether you meet the requirements or not!”

I am Priya, a 32-year-old marketing professional who earns ₹70,000 a month. When I check my eligibility for a Bandhan Bank personal loan, I basically ask whether I meet the bank’s requirements for age, income, type of employment, and bank account activity. 

I can estimate how much I might borrow by entering my details into a Bandhan Bank personal loan eligibility calculator. This helps me understand whether applying for a ₹6,00,000 loan is practical for me. Now, let’s look at the factors that determine eligibility for individuals.

Bandhan Bank Personal Loan Eligibility Criteria 

Bro, self-employed ko easily loan nahi milta, kya karu ab! Don’t worry, Bandhan Bank only needs consistent transactions and basic proof to approve your loan.

These are the main eligibility requirements, and how they apply to me, so the process is easier to follow for you:

You have a good chance of being approved for a personal loan from Bandhan Bank if you fulfill these requirements.

Bonus Tip: Bandhan Bank is reducing its reliance on unsecured micro‑loans and shifting toward more secured lending, meaning their personal‑loan approval criteria may become stricter, so ensure your documentation and credit history are strong before applying.

Required Documents for Bandhan Bank Personal Loan Eligibility Verification 

You must provide specific documents to prove your eligibility for a Bandhan Bank personal loan. This table shows what is required:

Priya had an easy and transparent eligibility verification process by preparing these documents.

Conclusion 

Priya's example shows how eligibility for a Bandhan Bank personal loan is decided by three clear and well-defined criteria: age, banking activity, and proof of income. You will get a personal loan from Bandhan Bank if you follow these guidelines and provide the required documents. Check your eligibility quickly, then apply with confidence!

FAQs Related to Bandhan Bank Personal Loan Eligibility Criteria 

What is the limit for a personal loan in Bandhan Bank?

Bandhan Bank offers personal loans from ₹50,000 to ₹25,00,000, depending on your income and eligibility.

How can a salaried person apply for a loan online in Bandhan Bank? 

A salaried person can apply online through the Bandhan Bank website or mobile app by filling out the application form, uploading the required documents, and completing verification.

Do I need to be a Bandhan Bank customer to get a personal loan? 

No, you do not need to be a Bandhan Bank customer to get a personal loan. You only need an active transactional bank account and valid documents to apply.

Can self-employed people get a Bandhan Bank personal loan? What documents do they need?

Yes, Bandhan Bank allows self-employed applicants to apply. The bank checks salary slips and account statements for Bandhan Bank personal loan eligibility for salaried applicants. Self-employed applicants must submit their ITR, income computation, and 12 months of business account statements.

How does Bandhan Bank check personal loan eligibility? Do they check credit score or only income?

Bandhan Bank checks your age, income, banking activity, credit score, and documents to confirm eligibility. The bank reviews both your income and your credit history before approving the loan.
 

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.