Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Bandhan Bank Working Capital Loan is Rated as "Blown Away!" by 2 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    Bandhan Bank Working Capital Loan

    Bandhan Bank Limited, a subsidiary of the Bandhan Financial Holdings Limited. Owned by the Bandhan Financial Services Limited (BFSL), with headquarters in Kolkata is the country’s largest microfinance organization. They are a relatively new bank with their operations being given the final green signal from the Reserve Bank of India in June 2015. The bank offers a working capital loan to take care of all your needs to make sure your business runs smooth, without having the need of access to funds.

    What is the purpose of the Bandhan Bank Working Capital Loan?

    The Bandhan Bank Working Capital Loan is meant for individuals who focus of the smooth running of their business enterprises, making sure they have the required liquid capital to run the day to day activities and have easy access to funds to all the working capital requirements of your enterprise.

    The eligibility criteria the applicant must adhere to should be:

    1. An owner of a small and medium enterprise from an individual, or a partnership firm, or even a proprietorship can take up this loan.
    2. The minimum age requirement should be 23 years of age, and should not be over 60 years of age when the loan has reached its maturity.
    3. The applicant must have a business which has a minimum of 2 years operations.
    4. Subject to the bank’s discretion, even new enterprises are taken into account when they would like to apply for this loan.
    5. All non-individual applicants or proprietorship applicant must have their operations of business with a successful track record of at least 2 years in the same line of business.
    6. There will be a margin of 25% on inventories, 30% on receivables, 25% on LC and BG.

    The features and benefits for this loan are:

    1. The working capital loans offered by Bandhan Bank Limited will offer the amount of the loan subject to the customer’s assessment. After the submission of all the documents, the banks will provide the amount at their discretion.
    2. The repayment terms for all applicants, will be as per demand.
    3. The Bandhan Bank Limited offers their applicant a prepayment facility for this loan.
    4. The applicants must have a business enterprise with a minimum of 2 years of experience when they apply for the term loan .
    5. At the bank’s discretion, new entrepreneurs or enterprises will also be considered for the term loan.
    6. Any proprietorships and non-individual applicant, should have good business record of at least 2 years.
    7. The bank will charge a processing fee of 1% plus taxes that are applicable.
    8. The margin will be a 25% as per the bank.
    9. 7 days after all documents are verified the loan will be disbursed to the applicant.
    10. Assets that are financed under this loan will have an insurance as per the bank.
    11. The interest rate will be linked to their base rate of 12%. This is subject to change their discretion.

    The documents required for the Samriddhi loan will be as mentioned below:

    1. The completely filled application form from the applicant.
    2. All the know your customer documents like the applicant’s ID proof, address proof, etc. need to be provided.
    3. All financial documents for the last 2 years of the enterprises existence will need to be provided, such as balance sheets, profit and loss accounts etc.
    4. Performa invoice copy must be provided to the bank.
    5. 3 passport photographs of the applicant will need to be submitted to the bank.
    6. Guarantor if required, will also need to provide 2 passport photographs.
    7. Ownership documents of the enterprise will have to be submitted to the bank.
    8. Partnership deed, memorandum of association, and articles of association etc will need to be provided to the bank at the time of application.
    9. The bank may request for further information, documentation during the application process, the applicant will need to oblige to the same

    Bandhan Bank Working Capital Loan Reviews

    • review Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from bandhan bank around 4 months ago. The customer support service was supportive from the bandhan bank. They have disbursed the loan amount within 10 days of time. The rate of interest and the charges are low with the BANDHAN BANK personal loan services.
      Was this review helpful? 22
      , bangalore
      Reviewed on Mar 15, 2018
    • review Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bandhan bank was good, they provided a very good service and the process was very smooth. No documents were required as i hold a salary account in this bank The loan amount was for 3 lakhs with interest rate of 14% which is nominal. Customer service was good and they responded on time.
      Was this review helpful? 38
      , mandsaur
      Reviewed on Nov 16, 2017
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    This Page is BLOCKED as it is using Iframes.