The bank was founded in 2001, under the visionary leadership as BFSL is involved in giving loans to small borrowers with no access to formal banking services. In the past 15 years, BFSL has most deservingly earned credibility and accolades for helping to finance small entrepreneurs as well as approximately 6.7 million women borrowers. Bandhan Bank Limited was incorporated in December 2014 as a wholly-owned subsidiary of the Bandhan Financial Holdings Limited. Bandhan received the in-principle approval of the Reserve Bank of India (RBI) for setting up a universal bank in April in the same year. The banking regulator gave its final nod in June 2015. Incidentally, Kolkata-headquartered Bandhan is the first bank to be set up in eastern part of India after Independence. This bank offers several personal loans with reasonable interest rates and has a range of 5 products under MSME loans:
These personal loans help scale your small & medium enterprise to higher targets with creation of income-generating assets and improve liquidity. This loan intends to enhance your business to grow multifolds with timely access to funds that allow productivity with ease.
Here are the main eligibility requirements to apply for Bandhan Bank MSME Loans
The main features and benefits of Bandhan Bank MSME Loans include:
Here are the major documents that are required for these types of loans from Bandhan Bank:
For working capital, stock statement to be submitted on monthly basis
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