Tagged: bandhan bank loan against property

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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