Bandhan-Bank-Loan

Types and Features of Bandhan Bank Loan

Finance

A loan is an additional liability on your shoulders. But, when you need money that too for emergency purposes, you are only interested in knowing which lender can help. The need of a loan varies from the type of loan he is looking for. Bandhan Bank is among the top few banks which offers different types of loans with amazing features.

With the understanding that a person looking for a personal loan is interested in the lowest possible rate and a home loan applicant wants maximum loan amount eligibility, Bandhan Bank loan has made it possible for applicants to get their desired loan. A loan seeker expects to get a lower rate of interest and desired loan amount. Tenure on the other plays an important role in deciding the EMI as they are both inversely proportional. Similarly, other loans have different purposes to fulfill and accordingly it is designed at the bank. In this article, we are focusing on the features and eligibility criteria of each type of loan offered by Bandhan Bank.   

Types of Bandhan Bank Loans

Be it a wedding or buying a house, Bandhan Bank extends its finance facility for varied purposes which are mentioned below:

  • Home Loan
  • Personal Loan
  • Two wheeler Loan
  • Gold Loan
  • Loan Against Property
  • Loan Against Term Deposit

Read below the features of each of the above-mentioned loan along with the eligibility criteria.

Home Loan

  • Easy documentation
  • Flexible repayment mode
  • Insurance facility
  • Doorstep assistance from a relationship manager
  • Option of Balance Transfer

Two wheeler Loan

  • Doorstep services
  • Lower interest rate
  • Faster disbursal
  • Comfortable repayment mode
  • Insurance facility

Loan Against Property

  • Lower processing fee
  • Insurance facility
  • Minimal documentation
  • Comfortable repayment mode

Personal Loan

  • Loan within 2 working days
  • Tenure from 12 to 36 months
  • Low interest rate
  • Flexible tenure option

Loans Against Term Deposit

  • Zero processing fees
  • Repayment option up to 3 years
  • Great option for Bandhan Bank depositors

Gold Loan

  • Minimal documentation
  • Faster disbursement
  • Free locker’s safety
  • Competitive rate of interest
  • Easy repayment mode
  • Loan credited within 15 minutes

With the above information, you may see that be it any type of loan, Bandhan Bank has great deals to offer. For loans as well as deposits, you must be sure enough to continue the journey. A loan seeker must be sure of the repayment amount in the form of EMI only then he can easily repay it. Similarly, a depositor must have the clarity of his expectation and lock-in period depending on which he will continue the saving. So, it all comes back to what you want.

If you want to compare the deal with other lenders, you can surely do that. To compare, you can calculate EMIs for different loans with the help of an EMI calculator. This is an online tool which takes into account the interest rate, tenure and loan amount. You can use the same calculator for all loans. Only when you are satisfied, it is suggested that you apply for Bandhan Bank loan as per your requirement.

 

Srishti Singh is a professional financial writer who has written on various financial products like personal loans, home loans, credit cards & mutual fund investment, etc. She believes in delivering best of her knowledge so as to help the readers understand the product and be aware of their financial decisions.

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