Bandhan Bank (बंधन बैंक) Home Loan, Two wheeler loan, Loan Against Property, Loan against term deposit, Business Loan have with 4229 Branches, 476 Atm’s and loan book of Rs 21,900 crore and savings accounts totalling 29,711 crore and loan outstanding of Rs. 32055 crore.
The organization has a network of 2,022 branches spread across 22 Indian states and Union territories, serviced by over 25,500 employees. BFSL had a loan book of around ₹ 9,524 crore and an impressive repayment rate of over 99%.
The 2,022 BFSL branches are being converted into door step service centres for Bandhan Bank which started with 501 branches and 50 ATMs on day one. It will have 841 branches and 476 ATMs.
Bandhan Bank Marginal Cost of funds based Lending Rates (MCLR) effective from January 2024
| Tenor | MCLR |
| Overnight | 8.29% |
| 1 Month | 8.29% |
| 3 Month | 8.29% |
| 6 Month | 8.80% |
| 1 Year | 9.15% |
| 2 Year | 9.52% |
| 3 Year | 10.07% |
Base Rate of Bandhan Bank – 12.00%
Bandhan Bank Savings Bank Account Interest Rate
Domestic and Non Resident Rupee Savings Bank Account
- Daily Balance up to Rs. 1 Lac = 3.00%
- Daily Balance above Rs. 1 Lac = 5.00%
- Daily Balance above Rs. 10 Lac to 2 Crore = 6.00%
- Daily Balance above Rs. 2 Crore = 5.00%
Fixed Deposit Interest Rates – 6.25 % for general & 7.00% for Senior Citizens, for 2 Year Maturity.
| No | Loan Product | Loan Amount | Tenure | Rate of Interest |
|---|---|---|---|---|
| 1 | Suchana(Micro Loan) | 1,000 – 15,000 Subsequent increase upto 10,000 |
12 months | 22.40 % |
| 2 | Srishti(Micro Enterprise Loan) | 16,000 – 50,000 Subsequent increase upto 10,000. Loan does not exceed 35,000- in the first cycle |
24 months | 22.40 % |
| 3 | Samriddhi(Micro Small and Medium Enterprise Loan) | 51,000 – 5,00,000 | 12/18/24 months | 22.40% |
| 4 | Suraksha(Micro Health Loan) | 1,000 – 10,000 | 12 months | 12.00% |
| 5 | Susikhsha (Micro Education Loan) | 1,000 – 10,000 | 12 months | 12.00% |
| 6 | Fisheries | 10,000 – 1,00,000 | 12/24 months | 22.40% |
Future Plans of Bandhan Bank
- 632 Branches and 250 ATM’s by the end of this financial year.
- Presence in 27 States
Bandhan Bank Home Loan
AVAILABLE HOME LOAN SERVICES
Purchase of new / resale residential property
Self -Construction on own land
Repair and renovation Loan
Top up loan
Balance transfer loan
Extension of property loan
Base Interest Rate – 12.41% – 13.86% p.a
PROCESSING FEES – 1% of the Loan Amount plus taxes as applicable / Minimum ₹ 5000/- plus taxes as applicable
Eligibility
Available to Salaried / Self-employed Professionals / Self-employed Non-Professionals.
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 To Be Submitted :
- Valid KYC ID Address and 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 purchased or constructed
Bandhan Bank Two wheeler Loan
Bandhan Bank’s Two Wheeler Loan offers you lowest rates of 15.50% – 17.60% with minimum formalities for documents, papers etc.
PROCESSING FEES – 3% of the Loan Amount plus taxes as applicable. / Documentation charges ₹ 500 plus taxes as applicable
SIMPLIFIED DOCUMENTATION
Repay in Equated Monthly Instalments through Standing Instructions or Electronic Clearing System facility
Documents required:
- Valid KYC ID Address and Age Proof
- Income Documents
- Statement of operative bank accounts for last 6 months
- Quotation / proforma invoice of vehicle proposed to be purchased
Bandhan Bank Loan against property
Bandhan Bank’s Loan Against Property that finances your impending goals and responsibilities. From paying your child’s college fees to planning his/her wedding, you can now access easy finance against your residential or commercial property without liquidating your fixed assets.
PROCESSING FEES
1% of the Loan Amount plus taxes as applicable / Minimum ₹ 5000/- plus applicable service taxes
Easy to understand documents.
Door Step assistance
Documents To Be Submitted :
- Valid KYC ID Address and 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
- Interest Rates – 12.41% – 14.61%
Locate the nearest Bandhan Bank branch around you. For further assistance you can also call us on our toll free number 1800-258-8181 or simply drop us an email on info@bandhanbank.com
