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Fill Bandhan Bank Loan Application Form & Get Quick Funds

Times do not remain same forever. How much we earn and save, at times it falls short to meet some of the requirements. And in those times, we need an institution that can lend help. Though there are multiple banking and financial institution but it becomes difficult to select the one. The one that can provide you right remedy and guidance. Therefore, it is necessary to know the lender first.

Bandhan Bank is the private sector bank that was inaugurated on 24 August 2015. The head office of the bank is located in Kolkata. Initially, the bank opened 501 branches, 50 ATMs and 2,022 door step service centres. In the short span of 2 years, the bank has extended its touch points to 3,383. It delivers a wide range of banking products to cater the variant needs of the people. It has developed a pack of customized loan products from which the customer can select the one that best suits his/her requirement. It has kept the process simple and steady to provide the aid timely. So, all that you need to do is fill the Bandhan Bank loan application form and get funds to reach your financial objectives.

How to Apply for Loan Products-

To apply for the loan, submit the Bandhan Bank loan application form with required documents at the nearest branch and after complying all terms and conditions loan will be disbursed.

Different Loan Products Offered by the Bank-

The details of various loan products offered by the bank are mentioned below:

Home Loan: The bank provides home loan for the longest tenure of 15 years to the eligible candidates at the interest rate of 12% p.a. The eligibility criteria for a home loan is:

Eligibility:

  • The home loan facility can be availed by the salaried/ self-employed professionals/ self-employed non-professionals.
  • Minimum age of the applicant should be 23 years.
  • Maximum age at the time of loan maturity should be 65 years.  

Documents Required for Home Loan:

  • Identity Proof- PAN Card/Passport/Voter ID/ Driving License/Aadhaar Card
  • Address Proof- Utility Bill/Passport/Aadhaar Card/Voter ID
  • Income Proof- Latest Salary Slips & Form 16 for Salaried
  • Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years
  • Bank Account Statement for the Last 6 Months
  • Track record of existing loans, if any
  • Property details

Two Wheeler Loan: Bandhan Bank lends funds to potential two-wheeler buyers to buy the desired motorbike or scooty. It lends ₹ 10,000-1,50,000 for the flexible period of 1 year to 3 years.

Eligibility Criteria:

  • The minimum age of the applicant at the time of application should be 23 years.
  • The maximum age at the time of maturity of loan should not be more than 65 years.

Documents Required:

  • Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card
  • Address Proof- Utility Bill/Passport/Aadhaar Card/Voter ID
  • Income Proof- Latest Salary Slips & Form 16 for Salaried
  • Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years
  • Bank Account Statement for the Last 6 Months
  • Track record of existing loans, if any
  • Quotation or proforma invoice of vehicle to be purchased

Loan Against Property: The bank sanctions loan against property to finance the impending goals and responsibilities. The loan amount depends on the disposable income or surplus income of the candidate.

Eligibility Criteria:

  • The loan against property is available to Salaried / Self-employed Professionals / Self-employed Non-Professionals.
  • The minimum age of the borrower should be 23 years & above and maximum age at loan maturity to be 65 years or retirement age, whichever is earlier.

Documents Required:

  • Proof of ID: PAN Card/Passport/Voter ID/Driving License/Aadhaar Card
  • Address Proof- Utility Bill/Passport/Aadhaar Card/Voter ID
  • Age Proof
  • Income Documents
  • Statement of operative bank accounts for last 6 months
  • Repayment Track record of existing loans
  • Details of property proposed to be mortgaged

SME and Agri Loan:  To help small and medium scale enterprises and agricultural units expand their business, the bank provides multiple types of credit facilities and they are as follows:

  1. i) Agri loan – The loan amount disbursed under this loan depends on the type of agricultural land and activities. The repayment tenure too varies with the loan amount and type of agricultural activity. However, it ranges from one year to 5 years.

Documents Required:

  • Duly Filled loan application forms
  • KYC documents like ID Proofs and address proof
  • Financial statements from the last two years if available.
  • Details of Land, Equipment Etc.
  1. ii) SME Loan- The bank grants term loan and working capital loans to the trading, manufacturing and service providing units and help them scale up their operations.

Documents Required:

  • Duly filled Loan application form
  • Incorporation documents and Bank statements for the last 6 months.
  • KYC documents like ID Proof, address proof etc
  • Financial statements from the last two years.
  • Proof of address for office and factory
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Fulfill your dreams with Bajaj Finserv Loan

The dreams are never ending wishes that we aspire for and want in our lives. The most satisfying feeling is when you need or has set up a goal and it gets fulfilled. But in today’s world when the lifestyle has changed and expenses are high in the sky, to achieve the life goals have become little difficult. The wishes have either gone for a toss or get delayed. The lack of finances is one of the main reason for it. The Bajaj loans are the solution to all such problems. It will give you the financial strength that is required to fulfill your desires. It makes the problem relatively easy and gives the required answer to your financial predicaments.

The bajaj finserv loan is the Non banking Financial company that provides a wide range of loan products so that you can avail it and make the most out of it to reach your dreams and turn it into reality. given below is the brief description of all the types of loan products it offers to its customer.

personal loan

The types of loan offered-

  • Home loan
  • Personal loan
  • Loan against Property
  • Business loan
  • Gold loan
  • Two and three wheeler loan
  • Consumer loan
  • Loan against Fixed deposit
  • & Much more

Home loan- Bajaj Finserv provides the tailor made home made product which comes up with the overall expenses as they understand the need for the furnishing and fixtures to call the place as your home. you can avail the overall package and don’t need to apply for a different personal or home improvement loan.  You can also switch over your loan through the service of balance transfer if you are not happy with the current lender. If you opt for the balance transfer loan then you can get the top up loan on it as well. You can use that loan amount as per your requirement.You can also refinance the home loan if you have bought the property within 12 months with your own funds. You can avail the loan upto the registered value of the property. They do not charge any foreclosure fee so that you can foreclose your loan anytime during the loan tenure.

It has also introduced the flexi scheme which is first of its kind in the industry. You can pre pay and drawdown the amount within the drop-line facility within the loan tenure. You can save the interest rate by pre- paying the amount as the interest is only levied on the used amount. It is the self- service account which allows you to prepay or drawdown as per your need through the net banking. Also, the add- on feature of availing is that you can have 3 month EMI grace period. It means that you can start paying the monthly installment after 3 months of availing the loan.

Personal Loan- The personal loan product is offered by the Bajaj Finserv to only the people who are the salaried individual. You can use the personal loan for fulfilling your wishes or paying your outstanding bills or for the emergency. You can have any reason reason to avail the personal loan and put your plans into action. You can avail the maximum of 25 lakh loan amount as the personal loan. You can choose the tenure of repayment which ranges from 24 to 60 months. The personal loan can be easily approved within 72 hours. You have the option of quick approval. If you are the existing customer of the company then you can get the pre- approved offers for the personal loan. You also have the benefit of having the online account access which will give you all the details from time to time like the repayment date, EMI amount etc.

Loan against Property- It is the type of loan in which you keep the property as the mortgage with the lender to get the loan against it. The loan against the property is one of the best ways to avail the loan at the cheaper rate. You can avail the loan at less interest rate after the home loan. It is given only to the self- employed people. You can get the loan amount up to 20 crores as the loan against the property.

Business Loan- It is the best way to secure the finances and increase the working capital and expand the business. The business loan is for the people having their own business. You can avail up to 30 lakh loan amount within 2 days. It gives the benefit of quick approval. You do not need any collateral or guarantor for this loan. It also gives the preapproved offers which include the top up loan and reduction in the interest rate from time to time.

Gold Loan- You can avail the loan keeping the gold as the security. You can avail up to 25 lakh loan amount with the loan tenure of 1 month to 36 months. It provides the facility of part prepayment and part release facilities. Also, the foreclosure charges are nil.

Two or three wheeler Loan- The two and three wheeler loan gives you the opportunity to own the bike or three wheeler without much worry about the finances. You can avail these loan in the Bajaj showrooms as well as the other recognised service stations. The foreclosure charges are only 3% and partial foreclosure is also permitted. If you have excellent credit record then you are eligible to get the special scheme.

Loan Against Fixed deposit- This is the type of loan that you can avail against the fixed deposit. You can avail the funds and fulfill your requirements without breaking your FD. The features is that it has the guaranteed approval, single page documentation, and quick loan disbursal.

So, if you are in the urgent need of the fund then you can avail the loan as per your requirement.

Use Credit Cards To Make Your Shopping Easier

Counted under the category of plastic money, a credit card is an instrument that allows the user to make credit-based purchases. It is issued by a financial company that pays on behalf of the holder. This payment is redeemed by the agency from the user along with the interest. The repayment has to be done on a monthly basis. If the user defaults in paying the credit amount, the issuer charge interest on the outstanding amount. Also, the credit limit is specified to restrain the credit purchase. These Credit card are useful because of the advantages they provide to the user.

credit cards

Advantages of Using a Credit Card:

The benefits of using a credit card are as follows:

Convenient– Credit Card payment is easy and saves the time of locating the ATMs. The customer doesn’t require cash to buy an expensive commodity. The card user can make a large purchase and pay for it in installments.

Quick Cash– The user can avail cash instantly as and when required.

Perks– The card providers give several incentives and privileges on the card purchase. The user can avail advantages of heavy discounts on shopping and dining, fuel surcharge waiver etc.

Enhance Credit Score– The wise usage of credit card and timely repayment increases the credit score of the user. Which in turn helps in building the loan eligibility.

Track Record– Credit card statements assist in maintaining the record of expenditure made in a month.

Difference Between Credit Card And Debit Card:

Payment done by a debit card is the payment done from the user’s bank account. That is, in the debit card the money is drawn from the customer’s account itself. Whereas, in credit cards, the amount is pulled from the credit line. The card issuer agency pays for the purchase done by the borrower and charges interest on the same. While it eases the purchase but increases the debt on the user.

Which Credit Card To Choose:

There is a wide range of credit cards to select from. The customer must choose the card depending on the requirements. And also refer to the benefits and rewards available on the particular card. The cards are issued by several banks. The credit cards issued by some of the banks are as follows:

Credit Card SBI:

The SBI bank offers different credit cards under the broad categories of:

  • Lifestyle Cards –  SBI Card Elite and SBI Card Elite Advantages.
  • Reward Cards – SBI Platinum and SBI Advantage Platinum Card.
  • Shopping Cards – Simply Click SBI Card and Simply Save SBI.
  • Travel Cards –  Air India SBI Signature Card and Air India SBI Platinum Card.
  • Banking Partnership Cards- South Indian Bank SBI Platinum Credit Card and South Indian Bank Simply Save SBI Credit Card.

Credit Card HDFC:

HDFC Bank issues the following credit cards:

Super Premium Credit Cards– Infinia, Regalia, Regalia First and Dinner Club Black

Co-Brand Credit Cards– JetPrivilege HDFC Bank Diners Club, JetPrivilege HDFC Bank World,  JetPrivilege HDFC Bank Platinum, JetPrivilege HDFC Bank Titanium and others

Professional Credit Cards– Doctor Superia and Teachers Platinum

Premium Travel Credit Cards– Superia and All Mines CashBack Cards, Premium Women’s Credit Card, HDFC Commercial Credit Cards

Credit Card Axis Bank:

Axis Bank Credit Card are as follows:

  • Premium Cards
  • My Cards
  • Co-Branded Cards
  • New Launches Cards

Before selecting a card compare and contrast between various cards offered by the banks and select the one that serves the purpose and yields many rewards.