bandhan bank business loan
Introduction to Bandhan Bank Business Loan
If you are looking for a business loan, Bandhan Bank is a great option to consider. They offer a wide range of business loans, including working capital loans, term loans, and more. You can get up to Rs. 30 lakhs as a loan from Bandhan Bank, which can be used for a variety of purposes such as expanding your business, buying new equipment, or even for working capital. The interest rate on Bandhan Bank business loans starts at 13.99%, and you can repay the loan in EMIs over a period of 12 to 60 months. So if you are in need of financial assistance for your business, do check out Bandhan Bank business loans.
Features and Benefits of Bandhan Bank Business Loan
Bandhan Bank business loan provides easy and convenient financing for small businesses. The key features and benefits of the loan include:
– quick and easy approval process
– competitive interest rates
– flexible repayment terms
– collateral-free financing
– minimal documentation requirements
With a Bandhan Bank business loan, you can easily get the financial support you need to start or expand your small business. The loan offers competitive interest rates and flexible repayment terms, making it an affordable and convenient option for small business owners.
Eligibility Criteria for Bandhan Bank Business Loan
To be eligible for a Bandhan Bank Business Loan, you must:
-Be at least 21 years of age
-Have a minimum annual turnover of Rs. 1 lakh
-Be a self-employed professional or businessman with at least 3 years of business experience
-Have a good credit history
-Have a bank account with Bandhan Bank
Documents Required for Bandhan Bank Business Loan
If you’re planning to apply for a Bandhan Bank business loan, be sure to have the following documents handy:
1. A copy of your business registration certificate
2. Latest bank statements for the past 3 months
3. Your latest Income Tax Return (ITR) filing
4. A detailed project report or business plan outlining your loan requirements
5. Any other relevant financial documents such as balance sheets, profit & loss statements etc.
With these documents in hand, you can be sure of a hassle-free application process and a quick disbursal of your loan amount. So get started today and take your business to the next level with a Bandhan Bank business loan!
Interest Rates and Charges for Bandhan Bank Business Loan
Bandhan Bank offers business loans at competitive interest rates. The interest rate on a Bandhan Bank business loan starts at 12.99% p.a. The bank also charges a processing fee of 2% of the loan amount plus GST.
Bandhan Bank offers business loans for a minimum tenure of 12 months and a maximum tenure of 60 months. The repayment of the loan can be made through EMIs or through post-dated cheques.
The interest rate on a Bandhan Bank business loan is determined by the applicant’s credit score, income and repayment history. The bank also takes into account the type of business and the loan amount required.
How to Apply for Bandhan Bank Business Loan?
If you’re looking to take out a business loan from Bandhan Bank, here’s what you need to know. First, you’ll need to fill out an online application form. Once you’ve submitted your form, a representative will contact you to discuss your options and help you choose the right loan for your business.
To be eligible for a Bandhan Bank business loan, you must have been in business for at least two years and have a minimum annual turnover of Rs. 1 crore. You’ll also need to provide financial statements, tax returns, and other documents as part of your application.
Once your loan is approved, you’ll need to make regular repayments over a period of 2-5 years. Interest rates on Bandhan Bank business loans start at 15% per annum.
So if you’re looking for a business loan from Bandhan Bank, make sure you meet the eligibility criteria and have all the required documents ready. Once you’ve done that, you can apply online and a representative will be in touch to help you through the process.