Are you tired comparing loan options of various commercial banks? Don't look further. Go for Bandhan Bank which is a new entrant in the commercial banking sector, also a new private bank which got established with an aim to service the needs of an unorganized sector such as daily wage earners and women running a small business. It also offers other services such as saving, insurance, and remittance services. The bank aims to penetrate on Eastern India through its presence which is still poor in the region. Since it is a newbie, attractive rates on loans can easily be availed with a hassle-free documentation process. Before that, a bit more details you need to know about the bank.
Bandhan Bank was established on 23rd December 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited. Bandhan bank business loan secured the in-principle approval of the Reserve Bank of India(RBI) for incorporating a universal bank in April 2014; the banking regulator gave its final consent in June 2015.
The regulator of the Bandhan Financial Holdings comes under Bandhan Financial Services Limited (BFSL), the largest micro-finance organization in India. The bank headquartered in Kolkata involves the public shareholders which includes International Finance Corporation (IFC), Small Industries Development Bank of India (SIDBI), Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited),Bandhan Employees Welfare Trust, and a few individuals.
As per the RBI licensing norms, a new bank must have a net worth of ₹ 500 crore capital. Bandhan Bank has recorded its net worth to be ₹ 3,334 crores as on March 31, 2016. This means more 29.01% capital to risk-weighted assets ratio or CAR for the new bank, fulfilling its robustness. This has given a new hope to those who could have been caught unduly in the traps of misleading lenders with a promise of providing low-interest loans. Bandhan Bank under the purview of RBI can lend you the shoulders for your pinning hopes on.
The major category of loans provided by Bandhan Bank are as follows:
Retail Loans-
Bandhan Bank loan offers a host of innovative products in its retail loans segment. Whether it's about buying your dream home or bike, to planning your dream holiday and wedding, the bank covers all your aspirations with a vast assortment of Retail Loans that boost your spirit to cherish a better lifestyle, ahead of time.
The following categories of loans are offered by the bank, best suited to your personal needs:
- Home Loan
- Two Wheeler Loan
- Loan Against Property
- Loan Against Term Deposit
MSME Loans -
Bandhan Bank offers MSME loans to help you expand your small and medium enterprise to greater heights. The loans have the potential to create income-generating assets and foster liquidity. Aspiring entrepreneurs and existing ones can look to avail MSME loans that give them timely access to funds for facilitating smooth production.
The wide array of MSME loans offered by Bandhan Bank which suits your business needs are :
- Samriddhi Business Loan
- Commercial Vehicle Loan
- Term Loan
- Equipment Loan
- Working Capital Loan
Small Enterprise Loan-
Small Enterprise Loans are collateral free-income generating activities loan which is provided in the form of working capital or assets creation for business or short-term business needs. The products are in demand from those who wish to start their small business or want extra financial support to expand their units or ancillaries or for launching a new product line. The availability of finance would be in terms of both working capital and term/demand loan.
Mico Loans-
Now you can start your own home-based business and live an independent life----possible due to Bandhan Bank's offering of Microbanking Loans. Plus, you can furnish an additional source of income for your family. Investments can also be made towards thriving income-generating activities due to timely accessing of funds, which are convenient at your doorsteps.
You can select from an array of Microbanking loans custom-made to accommodate your various needs.
- Suchana
- Suraksha
- Srishti
- Susikhsha
Agri Loans-
By availing Agri loans, you can invest in the quality farm, livestock, plant or warehouse which help you optimize your produce. You have the provision to access working capital as per your requirements in order to boost up your agriculture and allied activities.
You can select from the wide array of Agriculture loans, custom-made to accommodate your needs:
- Kisan Credit Card
- Agri Allied
- Equipment
Bandhan Bank Customer Care Number-
For any loan related queries or want any other information, contact Bandhan Bank customer care representative on : 1800-258-8181 (Toll-free)/033-6609-0909 and get them resolved.
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