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
- Tenure: upto 5 years
- Repayments: EMIs issued through Standing Instructions
- Foreclosure, Penalty & Other Charges: For more information around this, please refer to Schedule of Charges under Small Enterprise Loan here
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
- Contact one of Bandhan Bank’s 1,703 branches nearest to you
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
- E-mail: customercare@bandhanbank.com
OR
- Visit one of Bandhan Bank’s 1,703 branches nearest to you
Go on then…and do spread the word!
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