You can get an instant business loan through Bandhan Bank. For small, medium & large enterprises, Bandhan Bank provides up to 10 lakhs of instant loans. The interest rate starts from 10.60% to 17.26% per annum.
The loan repayment tenure is 3 months to 7 years. You can apply for a Bandhan bank business loan online. It will take 4 to 7 days to get the loan.
Bandhan Bank Business Loan Quick Recap
| Loan Amount | Rs. 1 lakh to Rs. 10 lakh |
| Interest Rate | 10.60% to 17.26% p.a. |
| Repayment Tenure | 3 months – 7 years |
| CIBIL | -1/700+ |
| Apply Process | Online |
| Processing Charge | Up To 3% |
| Eligible For | Self Employed |
Benefits of Bandhan Bank Business Loan
Affordable Interest Rate: The interest rate is 10.60% to 17.26% per annum. You will get a flexible interest rate through Bandhan Bank.
No Extra Charge: No other extra charges. Pay processing charge, insurance charge & GST fee after loan approval.
Repayment Tenure: Bandhan Bank provides long repayment tenure. You will get up to 7 years of repayment tenure.
Digital Process: The process is 100% digital. You can apply through the 24hrloan website.
Minimum Documents: Basic documents will be required to apply for a Bandhan bank business loan.
Fast Process: You will get the loan within 7 days.
Also Read: Hero Fincorp Personal Loan
Eligibility Criteria for Bandhan Bank Business Loan
- Indian Citizenship
- The age should be 23 to 60 years
- 2-year vintage proof required
- An average bank balance of 8,000 required
Bandhan Bank Loan Documents Required
- Applicant Aadhaar Card
- Applicant Pan Card
- Recent 1-year bank statement pdf
- Recent 2 years Trade License
- Recent 2 years Income Tax File
- Co-applicant Aadhaar Card
- Co-applicant Pan Card
- Residential proof (Electricity bill / Water bill / Property Tax)
Bandhan Bank Business Loan Interest Rate
| Minimum Interest Rate | 10.60% p.a. |
| Maximum Interest Rate | 17.26% p.a. |
Also Read: Can I get business loan up to 25 lakh?
Bandhan Bank Business Loan Fees & Charges
| Processing Charge | Up to 3% of loan amount + GST |
| Insurance Charge | Applicable |
How to Apply for Bandhan Bank Business Loan
Step 1: Click on the “Bandhan Bank Business Loan” button.
Step 2: Fill in all the basic details
Step 3: Our representative calls you for verification.
Step 4: Send the required documents through mail or WhatsApp.
Step 5: After applying, Bandhan Bank verifies your business.
Step 6: If you are eligible, you will get the loan offer.
Also Read: Slice Credit Card
Bandhan Bank Business Loan Customer Care
You can contact Bandhan Bank directly through the phone number below. Customer care get in touch shortly.
Toll-Free Number: 1800-258-8181
Landline Number: 033-6633-3333
Official Email: [email protected]
For loan or other queries, you may contact customer care. If you send an email, mention details in the subject box.
FAQs on Bandhan Bank Business Loan
What is the maximum loan Bandhan Bank offer?
Bandhan Bank provides up to 15 lakh SME loans for self-employed persons.
Is IT File mandatory to apply for a business loan?
Bandhan Bank provides business loans through IT File, Trade License & 12 months of bank statements. If you don’t have the IT file, you can apply for an IIFL business loan.
What is the age required for a Bandhan bank business loan?
The applicant’s age should be between 23 to 60 years old to apply for a Bandhan bank business loan.
How to contact Bandhan Bank customer care?
You can contact customer care through the toll-free number 1800-258-8181 or send an email to [email protected].
Can I apply for a loan with a low bank statement?
To get a business loan, an average bank balance of 8,000 is required.
Can I apply for a loan without a CIBIL score?
You can apply for a Bandhan bank business loan at minus one CIBIL or 700+ CIBIL.