| Loan Types Offered | Micro LoansMicro Bazaar LoansSmall Enterprise LoanSamriddhi LoanTerm LoanWorking Capital LoanLoan against Property |
| Loan Amount | Rs.1,000 up to Rs.10 crore |
| Loan Tenure | 1 year up to 15 years |
| Interest Rate | 15%-19.5% p.a. |
Bandhan Bank is an Indian banking and financial services company that was established in 2001. This non-banking financial company (NBFC) has spread its base across the universe, intending to reach out to unbanked and under-banked customers. The bank offers loans and other services to retail customers across rural and urban areas of the country and provides financial services to business owners and self-employed individuals.
Bandhan Bank provides loans for small, medium, and large businesses according to their specific needs and requirements. Several loan schemes are available for needs, such as working capital management, flexi loans, setting up and scaling up a business, and others. Further, specific eligibility criteria are also set for each of these schemes.
Types of Bandhan Bank Business Loan
Loans for Small Business
Micro Loans – Group-based individual loan
Purpose: Bandhan Bank offers group-based individual micro loans under the brand name ‘Srishti Loan’ for equipment upgrades, staff hiring, raw material investments and other growth-related requirements.
The bank claims to provide quicker approval and loan disbursement process to applicants having savings account with Bandhan Bank.
Loan amount: Rs 15,000 to Rs 1.5 lakhs
Tenure: 1 year/2 years
Subriddhi Loan
Purpose: Subriddhi Loan is a top-up loan facility offered to existing micro-banking borrowers to provide liquidity support. The bank disburses loans on or after 10th week of the disbursement of an existing loan. Borrowers can make loan repayment in weekly or fortnightly instalments.
Loan amount: Up to 50% of the loan disbursement amount of existing loan
Tenure: 1, 2, 3 or 4 years
Suyog Loan
Purpose: Existing Sahayata loan borrowers can avail Suyog Loan, a top-up loan facility, to arrange liquidity for their business. The bank disburses loan on/after 6 months from the existing Sahayata loan disbursement date.
Loan amount: Up to 50% of the loan disbursement amount of the existing Sahayata loan
Tenure: 1, 2 and 3 years
Small Enterprise Loan
Purpose: Small enterprises can avail this loan facility to meet both ‘Term Loan’ and ‘Working Capital’ requirements.
Loan amount: Above Rs 3 lakh to Rs 25 lakh
Tenure: Term Loan – Up to 3 years; Working Capital – repayable on demand
Small Business & Agri Loans
Sahayata Loan
Purpose: This loan facility is offered to individuals engaged in income-generation activities
Loan amount: Rs 50,001 to Rs 5 lakhs
Tenure: 1,2,3,4 years
PM SVANidhi Loan
Purpose: ULB identified street vendors can avail PM SVANidhi Loan for financing working capital requirements. Bandhan Bank claims to provide quicker approval and loan disbursement process to applicants having savings account with the bank.
Loan amount: Up to Rs 10,000 (in first cycle)
Tenure: Up to 1 year (in first cycle)
Micro Bazaar Loan
Purpose: Small entrepreneurs can avail Micro Bazaar Loans for meeting working capital needs such as salary payments, purchase of raw materials, power charges, etc.
Loan amount: Rs 26,000 to Rs 1.5 lakhs
Tenure: 1 year/2 years
Loans for Medium and Large Businesses
Term Loan
Purpose: The bank offers a term loan facility to small or medium enterprises to finance new businesses or expand existing businesses. These small/medium enterprises can be in the form of partnership firm, sole proprietorship and Limited Liability Partnership (LLP).
Loan amount: Depends on the assessment of applicant’s documents and bank’s internal exposure policies
Tenure: Up to 7 years including maximum moratorium tenure of 3 months
Insurance: The assets financed through the bank needs to be insured with the bank clause
Margin: As per internal policies of the bank
Working Capital Loan
Purpose: Bandhan Bank offers Working Capital Loan to existing profit making MSME units to meet their working capital requirements
Loan amount: Depends on the assessment of applicant’s documents and bank’s internal exposure policies
Tenure: Repayable on demand
Insurance: The assets financed through the bank needs to be insured with the bank clause
Margin: As per the internal policies of the bank
Loan against Property
Purpose: Bandhan Bank offers Loan against Property facility to proprietorship, partnership, companies, LLP and self-employed professionals for meeting both working capital requirements and general business requirements like renovation, investment, repairs expansion, etc.
Loan amount: Up to Rs 10 crore
Tenure: Up to 15 years
LTV: 75% of the property value
Commercial Vehicle & Construction Equipment Loan
Purpose: Commercial Vehicle and Construction Equipment loan is offered to self-employed individuals and businesses to finance the purchase of commercial vehicles and construction equipments.
Loan amount: Rs 1 lakh to Rs 5 crore
Tenure: Up to 7 years
LTV: Up to 100%
Eligibility Criteria for Availing Bandhan Bank Business Loan
Srishti Loan
- Minimum Age – 18 years at the time of loan disbursement
- Maximum Age – 65 years at the time of maturity
- The applicant should be involved in defined income generation activity
Subriddhi Loan
The loan is offered to existing Emerging Entrepreneurs Business (EEB) who have 1 running primary loan
Suraksha Loan
- Loan is offered to an existing Bandhan Bank Micro Loan customer
- Minimum Age – 18 years at the time of disbursement
- Maximum Age – 65 years at the time of loan maturity
- Applicant should have one existing primary loan (Suchana/Srishti) at the time of loan disbursement
Sushiksha Loan
- Existing Bandhan Bank microloan customer
- Minimum Age – 18 years at the time of disbursement
- Maximum Age – 65 years at the time of loan maturity
- Borrower should have one existing loan at the time of loan disbursement
Small Enterprise Loan
- Self-employed individuals (professionals/non-professionals) with at least 2 years of experience in the same line of business
- Age: 23 years – 65 years (at the time of loan maturity)
Sahayata Loan
- Applicants engaged in active income generation activities such as agri-allied/ business and agri-investment.
- Minimum age of the applicant/co-applicant (if any) – 20 years
- Maximum age at maturity – 65 years
Micro Bazaar Loan
- Existing Super Saver depositors who have fixed place of delivering services
- Existing borrowers of Srishti, Suchana, and Micro Enterprise Loans as well as the spouses of such borrowers are not eligible for availing Micro Bazaar Loan
Term Loan
- Age: 23 years to 60 years (at the time of loan maturity)
- Non-individual applicants must have a 2 years track record in the same line of business.
- For others, at least 2 years of experience in the same line of business is required. However, Bandhan Bank claims to also consider new eligible entrepreneurs.
Loan against Property
- Age criteria: 20 years to 60 years
- Business entity should have a satisfactory track record and have last 2 years of cash profit
Commercial Vehicle & Construction Equipment Loan
- Age criteria: 21 years to 65 years
- Self-employed individuals and non-individual entities can avail commercial vehicle and construction equipment loan
Documents Required for Bandhan Bank Business Loan
Documentation for Srishti Loan, Subriddhi Loan, Suraksha Loan, Sushiksha Loan, Sahayata Loan, PM SVANidhi Loan and Micro Bazaar Loan
- Identity proof
- Residence address proof
- Passport size photograph
- PAN card (only in case of Sahayata Loan)
- Letter of Recommendation/ Certificate of Vending/ Vending License (only in case of PM SVANidhi Loan)
- In case of Suyog loan – only passport size photograph required.
Documentation for Bandhan Bank Small Enterprise Loan
- Business KYC
- Financial statements and Income proof and (GST Return or ITR)
- Partner/Proprietor/Company Management KYC
- Business vintage proof and business validity document (such as Trade License)
- Proof of residence ownership and stability
Borrower should note that requisite documents could vary as per the loan amount.
Documentation for Term Loan, Working Capital Loan and Loan against Property (LAP)
- Duly filled application form
- KYC documents
- 3 passport size photographs of the Directors/Partners/Individual Borrower (not required in case of LAP)
- 2 passport size photographs of the guarantor, if required (not required in case of LAP)
- Last 3 years financial statement
- Last 6 months of existing bank account statement (last 12 months statement in case of LAP)
- Ownership documents of security
- Copy of Partnership deed or copy of MOA & AOA or other related documents in case of partnership firm or company
- Trade licence or any other regulatory license applicable to the unit
FAQs
What is a Small Enterprise Loan from Bandhan Bank?
A Small Enterprise Loan offered by Bandhan Bank is a financial product designed to help small businesses and entrepreneurs meet their working capital and expansion needs. It can be used for a variety of business-related purposes, such as purchasing equipment, stocking inventory, or expanding operations.
What is the loan amount I can avail under the Small Enterprise Loan?
The loan amount available under Bandhan Bank’s Small Enterprise Loan typically ranges from ₹50,000 to ₹50 lakh depending on the business requirements and the applicant’s eligibility.