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If you are the owner of a small business enterprise, requiring immediate funds for your business requirements, such as meeting the working capital and cash flow requirements, purchasing new machinery, expanding your business, and more, you can zero in the Bandhan Bank Business Loan. With a simple online application process, reasonable interest rates and hassle-free documentation, this loan can bolster your financial stability and help you enhance your business productivity. Read on to know the different facets of the Bandhan Bank Small Business Loan.

Bandhan Bank Business Loan Details

Foremost, you must keep in mind that Bandhan Bank provides different types of short-term collateral-free business loans for small enterprises. These include:

  • Small business loans for working capital requirements or creation of assets.

  • Small business loans as term/demand loans.

Here’s a look at the details of Bandhan Bank small business loans:

Particulars

Details

Loan amount

Rs. 25 Lakhs

Tenure

  • 5 years on term/demand loans.

  • Payable on demand (at bank’s discretion) on working capital loans.

Interest rate

  • 15% to 19.50% per annum (varies based on the borrower’s profile), if linked to MCLR.

  • 12% interest rate per annum, if linked to the bank’s base rate.

Processing fee

  • 1% of the loan amount plus applicable taxes.

Loan margin percentage


  • 25% for term business loans.

  • 25% for working capital loans.

*Interest rates and charges are subject to market conditions and bank’s discretion.

Bandhan Bank Business Loan Features & Benefits

The Bandhan Bank’s Business Loan comes with a wide range of benefits. Here’s a look:

  • Competitive rates of interest: This business loan comes with the key feature of affordable interest rates, ranging from 15% to 19.50% per annum.

  • Hassle-free application process: Instead of making repeated branch visits, you are merely required to fill and submit a simple online application form.

  • Zero waiting time: The Bandhan Bank Business Loan comes with a zero waiting period. If you fulfill the eligibility conditions, the amount will be disbursed shortly.

  • Easy eligibility conditions: The Bandhan Bank Business Loan eligibility conditions are simple and easy to meet. Along with age and income requirements, you just have to furnish proof for business ownership. What’s more, multiple categories of applicants, such as self-employed professionals, sole proprietors, partnership firms, companies etc. can apply for this loan.

  • Simple documentation: Are you worried about inconvenient and burdensome paperwork and documentation? You need not stress because the Bandhan Bank Business Loan comes with the feature of minimal documentation. You are merely required to submit a few basic documents.

  • Zero collateral requirement: You are not required to pledge your business assets to avail of this business loan.

  • Flexible repayment tenures: You can choose a repayment tenure of your convenience. The Bandhan Bank small business loans have flexible repayment tenures, up to a maximum of 60 months.

  • Can aid informed decision making: Before applying for the business loan, you can use the Bandhan Bank Business Loan EMI calculator to know your credit obligation in advance. This can help you select the right loan amount and repayment tenure.

Bandhan Bank Business Loan Interest Rates

Before availing a Bandhan Bank Business Loan, you should know about the interest rate and associated charges. You can refer to the table given below:

Particulars

Details

Small business loan interest rate

Between 15% and 19.50%

Minimum loan amount

Rs. 1 Lakh

Maximum loan amount

Rs. 25 Lakhs

Maximum loan tenure

5 years

Other compulsory charges

1% of the loan amount along with applicable taxes as processing fees.

*Interest rates and charges are subject to market conditions and bank’s discretion.

Factors Affecting Bandhan Bank Business Loan Interest Rates

Wondering what determines the Bandhan Bank Business Loan interest rate? Well, there is no one factor and the bank, typically, considers multiple factors before determining the interest rate. Read on to know about the key considerations:

  • Nature of your business: If your business venture is part of a fast-growing sector in the country’s economy, you can be offered competitive rates of interest.

  • Credit score: A good credit score can provide you with business loans at affordable rates of interest. A poor credit score, in contrast, can affect the chances of your business loan’s approval. If a loan is still approved, you can be offered a higher interest rate.

  • Business vintage: If your business is well-established, having experience of several years, the interest rates can be reasonable and competitive.

  • Annual turnover: With a high annual turnover, you can expect not only a high loan amount but also a comparatively lower interest rate.

  • Profitability: A profitable business showing a good track record can help you secure a business loan at affordable rates of interest. On the contrary, a business venture that has repeated losses or is in debt can get you a business loan, only at higher rates of interest.

  • Repayment history: If you have repaid your earlier debts on time, you can secure a business loan at competitive rates of interest.

  • Banking relationship: If you are already an existing customer of the bank, you can be offered reasonable rates of interest on a business loan.

Bandhan Bank Business Loan Eligibility

To avail a Bandhan Bank’s small business loan, you must fulfill the stipulated eligibility conditions. Here’s a look at the Bandhan Bank Business Loan eligibility criteria:

  • Nationality: Only Indian citizens can apply for this loan.

  • Age: The minimum age to apply for a loan is 23 years. The maximum age should not exceed 60 years i.e., during the maturity of the loan.

  • Types of business owners/entities: Sole proprietors, entrepreneurs, partnership firms, and companies can apply for this loan.

  • Age of business: Business owners, self-employed individuals or entrepreneurs should be engaged in the business venture/enterprise for a minimum of two years. However, even startups can get a business loan at the bank’s discretion.

  • Business performance: The business should exhibit a credible performance for the last two years.

Bandhan Bank Business Loan EMI Calculator

Did you know that you can instantly know your EMI amount using a simple online tool? Yes, the Bandhan Bank Business Loan EMI calculator requires you to provide three simple variables to calculate your EMI. These are:

  • The loan amount

  • The applicable rate of interest

  • The repayment tenure

For example, if you want to calculate the EMI for a Rs. 20 Lakh business loan, carrying an interest rate of 15% and having a repayment tenure of 60 months, the EMI calculator will show the EMI amount as Rs. 47,580.

A key advantage of using this calculator is that you can know your credit obligations beforehand, and chalk out a financial plan for making regular EMI payments.

How to Apply for Bandhan Bank Business Loan

You can apply for a Bandhan Bank Business Loan both offline and online.

  • To complete the application process online, you are required to:

  1. Visit the Bandhan Bank’s official website for business loans. After selecting the option of ‘Apply Now,’ you will be redirected to a page where you have to provide your personal details, such as name, phone number, city, organization name, email id etc. Fill in the details and select the option to ‘Submit.’

  2. A bank representative will shortly contact you to help you complete the documentation process.

  3. Upon successful verification of your form and documents, the loan amount will be disbursed.

  • To apply for a Bandhan Bank Business Loan offline, you can physically visit the nearest branch office. A bank official will then guide you through the application process.

Documents Required for Bandhan Bank Business Loan

For successful approval of your Bandhan Bank Business Loan, you are required to complete the mandated documentation process. The list of Bandhan Bank Business Loan documents are as follows:

1. Application form: Foremost, you have to submit the online/offline form after filling in the personal and professional details.

2. Photographs: You are required to submit three recent passport-sized photographs. For companies and partnership firms, the director and partner also need to submit three passport-sized photographs each.

3. KYC Documents: To complete the compulsory KYC process, you can submit documents, such as Aadhaar card, PAN card, driving license, voter’s id, passport etc.

4. Business ownership: Depending upon the type of your business ownership, you need to submit various documents. Here’s a look:

  • For sole proprietorship: Trade license, GST registration etc.

  • For partnership: Partnership deed.

  • For companies: Memorandum of Association (MoA), Articles of association etc.

 

5. Income and business proof: Here’s a list of documents that can be submitted as proof of your income:

 

  • Bank statements for the last 12 months.

  • Recent Income Tax Returns (ITRs).

  • GST returns.

  • CA-certified copy of balance sheet for the last two years.

  • CA-certified copy of profit and loss account for the last two years.

 

6. Other documents: Before approving your loan application, the bank can ask for additional documents also. These could be regarding the vintage, address or income of your business.

 

 

**Disclaimer: Loans are subject to approval by the bank. The conditions for credit, along with the interest rates and charges, can change/vary, with or without notice, as per the bank’s discretion.**

FAQs on Bandhan Bank Business Loan

  • ✔️How can I calculate interest/EMI on a Bandhan Bank Business Loan?

    The interest rate being charged depends upon your individual profile. Factors like the loan amount, credit score, and more, can impact the interest rate being charged. You can use the online Bandhan Bank Business Loan EMI calculator to calculate your EMI instantly.

  • ✔️Can I prepay the outstanding amount and pre-close my loan account?

    Yes, Bandhan Bank provides the facility of pre-closure. For pre-closing your loan account the bank doesn’t levy any additional charge.

  • ✔️How can I pay my Bandhan Bank Business Loan EMI?

    To pay the EMIs for your Bandhan bank small business loan, you can issue standing instructions to your bank.

  • ✔️How can I get a collateral-free MSME loan from Bandhan Bank?

    You can apply online for an MSME business loan from Bandhan Bank. The small business loans from Bandhan bank don’t require pledging of collateral.

  • ✔️How do women entrepreneurs get a business loan from Bandhan Bank?

    Women entrepreneurs can make an online application for a Bandhan Bank Business Loan. Subject to fulfilling the eligibility conditions, the loan amount, up to a maximum of Rs. 25 Lakhs, will be disbursed.

  • ✔️How can I get a small/startup business loan?

    You can get a small/startup business loan from Bandhan Bank for a loan amount ranging between Rs. 1 Lakh and Rs. 25 lakhs. For availing this loan, you can make an online loan application. Once you fulfil the stipulated conditions and submit the stipulated Bandhan Bank Business Loan documents, the loan amount will be disbursed.

  • ✔️How does your credit score impact your loan application?

    Credit score plays a key role in getting your loan approved. A good credit score can get you a Bandhan Bank Business Loan at competitive rates of interest. On the contrary, a poor credit score can result in higher interest rates.

  • ✔️How can I get in touch with Bandhan Bank customer care?

    You can contact Bandhan Bank customer care on the toll-free number 1800-258-8181. Alternatively, you can send an email to customercare@bandhnabank.com

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