Bandhan Bank Business Loans and Personal Loans

Bandhan Bank offers a range of business loans and personal loans to cater to different financial needs. These loans are designed to provide financial support to individuals and businesses.

Business loans from Bandhan Bank can be used for various purposes such as expanding a business, purchasing new equipment, or meeting working capital requirements. The bank offers loans with flexible repayment options.

The interest rates on Bandhan Bank business loans vary depending on the loan amount and tenure. For example, the interest rate for a loan of ₹5 lakhs with a tenure of 3 years is 11.50% per annum.

Personal loans from Bandhan Bank can be used for various personal expenses such as wedding, education, or medical emergencies. The loan amount can range from ₹25,000 to ₹5 lakhs.

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To be eligible for a Bandhan Bank loan, you must be an individual applicant, which means non-individual applicants are not eligible. Salaried employees, self-employed professionals, and existing Bandhan Bank account holders are the eligible categories.

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The age requirements for a personal loan from Bandhan Bank vary depending on the type of applicant. Salaried employees must be between 21 and 60 years old, while self-employed professionals must be between 23 and 60 years old.

To be eligible for a personal loan, you must have a minimum account relationship with Bandhan Bank of 6 months. This means your account must have been operational with at least one credit and one debit entry per month during this period.

Bandhan Bank requires you to provide various documents to support your loan application, including identification, address, and income proof. For salaried employees, this may include a loan application form, customer relationship form, cheque with processing charge, and proof of income such as a salary slip or Form 16.

For self-employed professionals, the required documents are similar, but may include additional items such as a business note, bank passbook copy, and shop and establishment license.

Here is a summary of the documents required for a Bandhan Bank loan:

You can also use the personal loan eligibility calculator on the Bandhan Bank website to get an estimate of your eligibility for a loan. This calculator takes into account various parameters such as your age, income, loan amount needed, location, credit score, and relationship with the bank.

Bandhan Bank offers a variety of loan options to suit different needs. You can choose from their range of loans for small businesses, including timely financial support for income-generating activities and funds for existing Emerging Entrepreneurs Business (EEB) customers.

Their personal loan feature offers flexible repayment options and can be availed by eligible applicants at affordable rates. The loan amount ranges from a minimum of Rs. 50,000 to a maximum of Rs. 5,00,000.

One of the key features of Bandhan Bank's personal loan is the quick disbursal of the loan, which can be done within 2 working days once the application and documents are in order. The tenure of the loan is between 12 months and 36 months.

Bandhan Bank also offers home loans with flexible repayment tenures ranging from 5 to 30 years. You can apply for a home loan if you are a salaried professional or a self-employed individual.

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Their home loan features include a loan amount of up to 90% of the property's value, affordable interest rates starting at 6.40%, and minimal prepayment charges. You can also opt for a digital application process and balance transfer facility.

In addition to these loan options, Bandhan Bank also offers term loans, working capital loans, and loans against property for medium and large businesses. The loan amount for these options can go up to Rs. 10 crore and can be repaid over a maximum period of 15 years.

Here are the loan options and features offered by Bandhan Bank:

Bandhan Bank offers a variety of business loans to cater to different needs of entrepreneurs and small business owners. You can choose from a range of loans, including micro loans, working capital loans, and term loans.

For small businesses, Bandhan Bank offers micro loans in four variants: Suchana Loan, Srishti Loan, Subrddhi Loan, and Samadhaan Loan. The loan amount ranges from Rs.1,000 to Rs.1.5 lakh, and the repayment tenure is up to 4 years.

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You can also consider the Small Enterprise Loans, which offers a loan amount of up to Rs.25 lakh for working capital and term loan requirements. The loan can be repaid over a period of up to 4 years.

Bandhan Bank also offers loans for medium and large businesses, including term loans, working capital loans, and loan against property. The loan amount can go up to Rs.10 crore, and the repayment tenure is up to 15 years.

If you're a small business owner, you're likely looking for flexible and convenient loan options to help your business grow. There are various loan options available, including Micro Loans, Micro Bazaar Loans, Small Enterprise Loans, and Smariddhi Loans.

Micro Loans offer quicker loan approval and disbursal for savings account holders with the bank, and are available in four variants: Suchana Loan, Srishti Loan, Subrddhi Loan, and Samadhaan Loan.

You can use Micro Bazaar Loans for working capital requirements, such as purchasing raw materials, salary payments, and power charges. Doorstep documentation and delivery facility are available for this loan.

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Small Enterprise Loans can provide you with both working capital and term loan, with a loan amount ranging from Rs.1 lakh up to Rs.25 lakh, and can be repaid for up to 4 years.

Smariddhi Loans offer a loan ranging from Rs.75,000 up to Rs.3 lakh to scale-up businesses, with simplified documentation and hassle-free loan processing.

Here's a summary of the loan options mentioned:

Existing profit-making MSME units are eligible for Smariddhi Loans.

Businesses can be categorized into different types, each with its own unique characteristics and loan requirements. Sole proprietorships, for example, are owned and operated by one individual, with no distinction between personal and business assets.

Small businesses, on the other hand, are typically defined as having fewer than 500 employees and less than $7.5 million in annual sales. They often require smaller loan amounts, usually up to $500,000.

Medium-sized businesses, with 500-999 employees and annual sales of $7.5-50 million, may need larger loan amounts, up to $2 million. They often require more complex financial management and planning.

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Large businesses, with 1,000 or more employees and annual sales exceeding $50 million, typically require significant loan amounts, often exceeding $2 million. They often have more established financial systems and may have access to more traditional loan options.

Non-profit organizations, such as charities and foundations, often have unique loan requirements and may be eligible for specialized loan programs. They may require smaller loan amounts, usually up to $200,000.

Online businesses, which operate primarily online, may have different loan requirements than traditional brick-and-mortar businesses. They often require smaller loan amounts, usually up to $100,000.

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You can get financing to expand your existing business or start a new one with term loans. The repayment tenure for this scheme is up to seven years, including a moratorium period of three months.

To meet the financial requirements of your business, you can apply for working capital loans. The loan amount is repayable on demand.

If you need financing to fulfill general business requirements, such as repairs, renovations, investments, expansion, and others, loan against property is a good option. The loan amount can go up to Rs.10 crore, which can be repaid over a maximum period of 15 years.

Here's a summary of the loan options for medium and large businesses:

An EMI calculator is a handy tool that helps you calculate your monthly Equated Monthly Installments (EMIs) for your loan. It's available online and can be used to determine the amount of EMI you'll have to pay each month.

To use an EMI calculator, you'll typically need to enter the loan amount, tenure, and interest rate. For example, Bandhan Bank's home loan EMI calculator requires you to enter these three parameters to calculate your monthly EMIs.

Bandhan Bank's home loan EMI calculator is a useful tool that helps you understand how much you'll have to pay each month. By using this calculator, you can see how different loan amounts and tenures affect your EMI.

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Here's an example of how the EMI calculator works: if you take a home loan of Rs. 30 lakh from Bandhan Bank with an interest rate of 6.40% p.a. and a tenure of 10 years, your monthly EMI would be Rs. 33,912.

If you're considering taking a home loan from Bandhan Bank, you can use their EMI calculator to get an idea of your monthly payments. This can help you plan your finances and make an informed decision.

Bandhan Bank's home loan EMI calculator is available online and can be used to calculate EMIs for different loan amounts and tenures. For example, if you take a home loan of Rs. 55 lakh with an interest rate of 6.40% p.a. and a tenure of 20 years, your monthly EMI would be Rs. 40,683.

Here's a table showing the EMIs for different loan amounts and tenures with an interest rate of 6.40% p.a.:

This table shows how different loan amounts and tenures affect your monthly EMI. It's a useful tool to help you plan your finances and make an informed decision about your home loan.