MOST IMPORTANT TERMS AND CONDITIONS FOR PERSONAL LOAN
Purpose for which Personal Loan can be availed: Personal Loan is granted for marriage/medical treatment/ educa�on/foreign travel or any
other general purpose except for any specula�ve ac�vi�es.
Processing fees: The Bank shall charge processing fees up to 3% of the loan amount plus GST.
Rate of interest: Fixed rate of interest: Interest on the loan will be charged at the fixed rate of interest (detailed ROI for specific case as
men�oned in the sanc�on le�er) on daily reducing balance at monthly rests. Conversion of fixed rate to floa�ng rate of interest will not be
permissible at any �me during the loan tenor.
Penal charges: In the event of a default or delay in monthly payment of EMI or any irregularity in the account, the Bank reserves the right to
levy a penal charge of ₹200 per ₹10,000 of EMI dues.
Schedule of charges:
Loan processing charges Up to 3% of loan amount + GST
Cheque bouncing or failed SI charges ₹500 + GST
Penal Charges
(Late payment of EMIs/Outstanding EMIs/Default EMIs) ₹200 per ₹10,000 of EMI dues + GST
Part payment charges Part payment allowed a�er repayment of first 12 months
EMI, up to 25% of principal outstanding, only once in a year
and twice during loan tenure.
No charges applicable.
Foreclosure statement ₹100 + GST
Foreclosure charges on fixed rate a. 4% of principle outstanding within first 12 months
b. 2.5% a�er 12 months repayment
Note: Foreclosure charge are not applicable to the loans
having floa�ng rate of interest and loans up ₹50 lakh
c. No foreclosure charges for loans disbursed of ₹10 lakh and
(having fixed rate of interest) given to Micro and Small
above, a�er 12 EMI, if foreclosed with own funds.
Enterprises.
D. For foreclosure of loans disbursed under Personal Loan
Staff of ₹ < 10 lakh, 1% foreclosure charge of principle
outstanding (for ac�ve Bandhan Bank Staff at the �me of
fore close) or else normal rates to be applicable.
e. As per BCSBI code of Bank’s commitment to micro and
small enterprises:
- Permit prepayment of fixed rate loans up to ₹50 lakh
without levying any prepayment penalty
- Permit prepayment of floa�ng rate loans without levying
any prepayment penalty.
Document retrieval charges ₹500 + GST
Statement of account ₹100 + GST
Duplicate NOC ₹300 + GST
Stamp du�es Actual as per state law
Bandhan Bank retains the rights to alter any charges or fees from �me to �me or introduce any new charge or fees, as it may deem
appropriate, with due in�ma�on to the customer.
Repayment: The loan is to be repaid in Equated Monthly Instalments over the tenure of the loan. The repayment instalment commences
from a date specified in the sanc�on le�er. The liability to the bank will be ex�nguished only when the outstanding in the loan account
becomes Nil, on payment of residual amount, if any.
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MOST IMPORTANT TERMS AND CONDITIONS FOR PERSONAL LOAN
U�lisa�on or end-use of the loan: The amount of the loan shall be u�lised strictly for the purpose as expressed by the Borrower in the
applica�on. The borrower shall not divert any part of the loan amount towards any wrongful ac�vi�es or specula�ve purposes.
Insurance: As the case may be, details will be available with the branches.
Disbursement of the loan: Disbursement will be effected directly into the Borrower’s savings/current account with Bandhan Bank.
In the event of default: If the amount due i.e. EMI is not paid by due date, the customer shall be sent reminders for payment of any
outstanding on his loan account, by post, fax, call, email, SMS messaging and/or through third par�es appointed for collec�on purpose to
remind, follow-up and collect dues. Any third party so appointed, shall adhere to the Indian Banks Associa�on’s (IBA) code of conduct on debt
collec�on.
Bandhan Bank: is authorised to disclose any informa�on rela�ng to the loan to any credit bureau (Exis�ng or future) approved by
Government of India and RBI or any such government agencies without any no�ce to the Borrower. Bandhan Bank is also authorised to make
inquiries with any Credit Bureau or any other Bank if required.
Customer Service: For any service related issue, customer can get in touch with Bandhan Bank by:
Walking in to our nearest Bandhan Bank Branch.
Calling customer help line number: 1800-258-8181 (Toll-free)
Contact customer grievance cell at our head office (Details on help line numbers and grievance cell available on
[Link])
I have read and understood or has been made to understand in the language I understand by transla�on in our vernacular language the
most important terms and condi�ons of the Bandhan Bank Personal Loan.
Name & Signature Name & Signature
(Borrower) (Co-Borrower/s)
Date: …......../............../20........
Place: ….........................
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