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Bandhan Bank’s Small Enterprise Loan

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Status: Active

Classification: Private Sector Scheme

Release Date(s):
28th January 2025

Offering: Loan/Credit

Entity Type: Private Sector Bank

Reading Time: 4 Mins

Ticket Size: ₹3 Lakhs to ₹25 Lakhs

Entity Name: Bandhan Bank

#Views: 13

Disclaimer…before you read ahead!

The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updating, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.

Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.

 

About this scheme..

Small Enterprise Loan is a collateral free doorstep loan offering by Bandhan Bank to meet short-term business needs or asset creation needs of small enterprises.

 

How is it being implemented?

Under this Scheme, direct financial assistance in the form of loans is given to,

  • Retail, Manufacturing, Trading or Services Business

 

What’s on offer?

I. Product

  • Composite Loan i.e. Term Loan & Working capital facility (Cash credit, Overdraft)
  • Ticket Size: ₹3 Lakhs – ₹25 Lakhs

 

II. Purpose:

  • Acquisition of or investment in fixed assets
  • Working capital requirements

 

III. Borrower Type:

  • Sole Proprietor, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company, Public Limited Company

 

IV. Security or Collateral or Guarantee or Insurance

  • Security: Primary charge on assets created out of Bank’s finance
  • Collateral: Nil
  • Guarantee: Nil
  • Insurance: For more information around this, please contact Bandhan Bank via means mentioned below

 

V. Interest Rate

  • 13.00% – 21.00% per annum

 

VI. Processing Fee

  • Upto 2% + GST

 

VII. Margin Money Requirement

  • For more information around this, please contact Bandhan Bank via means mentioned below

 

VIII. Tenure, Repayments & Pre-Closures

 

IX. Turnaround Time

  • For more information around this, please contact Bandhan Bank via means mentioned below
  • Having said which, doorstep assistance will be provided throughout the loan processing period

 

Interested? Read ahead to check your eligibility….

I. Do you have at least 2 years of experience in your line of business?

 

II. Are you at least 23 years of age now and will be not more than 65 years at the time of loan maturity?

 

If your answers to the questions above are an emphatic YES, you are all set to avail Bandhan Bank’s Small Enterprise Loan!

 

So…how big is this scheme and what has been done so far?

I. As on March 31, 2024, Bandhan Bank has a loan outstanding of ₹5,672 Crores across 1.22 Lakh borrowers under this Scheme

 

So, now, how should you go about it?

I. For submitting application:

 

OR

 

 

II. For information on documentation requirements, please refer here

 

III. For any queries, please contact Bandhan Bank via

  • Toll Number: 033 6633 3333

 

OR

  • Toll Free Number: 1800 258 8181

 

OR

 

OR

 

Go on then…and do spread the word!

 

Sources:                    

  1. About Bandhan Bank’s Small Enterprise Loan
  2. Bandhan Bank’s Annual Report 2023-24
  3. Bandhan Bank’s Latest Investor Presentation

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