Bandhan Bank Bhubaneswar
Last Updated : May 9, 2018, 12:26 p.m.
About Bandhan Bank
It was 2015 when Bandhan Bank was a reality after it got the final approval from the Reserve Bank of India (RBI), the banking regulator. A year before, the apex bank had granted in-principle approval for Bandhan Bank. And by virtue of that, Bandhan Bank got incorporated as a wholly-owned subsidiary of Bandhan Financial Services Limited in Dec 2014. The bank has now expanded its operations by advancing the number of branches to around 750. Plus, the ATMs and customer service centres are increased to 270 and 2,400, respectively, since the inception.
You can also be the beneficiary of the bank’s services in Bhubaneswar, the capital of Odisha. It is an important economic, information & technology and cultural centre of Eastern India. In the 1990s, it was retailers and small-scale manufacturing units which were ruling the roost here. But as the time went along, the city received investment in information & technology, education, and telecommunication. All these set of people can avail the banking services of Bandhan Bank in Bhubaneswar.
Branch Addresses of Bandhan Bank in Bhubaneswar
| Branch Name | Complete Address | IFSC | MICR | Contact | |
|---|---|---|---|---|---|
| Khurda | LTN 10, Janpath, P. O Satyanagar, Bhubaneshwar, District- Khurda, State-ODISHA-751001 | BDBL0001030 | 751750003 | 66090909 |
Bandhan Bank’s Products for Bhubaneswar
Bandhan Bank has a myriad of financial products to offer in Bhubaneswar. These include the savings account, home loan , two-wheeler loan, loan against fixed deposits, loan against property, etc. When it comes to loan products, obviously your focus would be on the lending rates, right! Well, the bank has stipulated that all loan products offered by it are linked to MCLR, which has now fallen to 10.52%.
Basic Details of Bandhan Bank’s Loan Products
| Product | Eligibility | Loan amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan |
| Depends upon your income and repayment capability | 8.65% - 13.00% |
| 15 Years |
| Two-Wheeler Loan |
| ₹ 10,000-1,50,000 | Linked to MCLR | 3% of the loan amount plus applicable taxes | 1-3 Years |
| Loan Against Property |
| Depends upon your monthly or disposable income as well as other conditions | Varies from individual to individual |
| Upto 15 Years |
| Loan Against Term Deposit | Term deposit account holders can avail the facility | A maximum of 90% of the term deposit amount | Linked to rates of term deposit | Zero processing fee | Upto 3 Years |
| Samriddhi Business Loan |
| Upto ₹ 25,00,000 | Linked to MCLR | 1% of the loan amount plus applicable taxes | Upto 5 Years |
| Equipment Loan |
| Upto ₹ 10,00,000 | Linked to MCLR | 1% of the loan amount plus applicable taxes | Upto 5 Years |
| Commercial Vehicle Loan |
| Upto ₹ 10,00,000 | Linked to MCLR | 1% of the loan amount plus applicable taxes | Upto 5 Years |
| Working Capital Loan | MSMEs running into profits | Depends on the bank's assessment regarding your repayment capability | Linked to MCLR | 1% of the loan amount plus applicable taxes | Repayable on demand |
| Term Loan |
| As per the bank's assessment regarding your repayment capability | 10.52% p.a. onwards | 1% of the loan amount plus applicable taxes | Upto 7 Years |
Documents for Various Loan Products of Bandhan Bank
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 Details of property you look to buy & construct |
|---|---|
Two-Wheeler 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 Quotation or proforma invoice of vehicle you want to buy |
Loan Against Property | 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 for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Details of property to be mortgaged |
Loan Against Term Deposit | No additional documents required from the KYC proofs which you would have submitted while opening term deposit account |
Samriddhi Business 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 2Years for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Trade License applicable to a proprietor/partnership firm Ownership documents, if any, of the security Copy of Partnership deed/Memorandum of Association (MOA and Articles of Association (AOA) or other documents. These documents apply in the case of partnership firm or a company |
Equipment 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 2 Years for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Trade License applicable to a proprietor/partnership firm Ownership documents, if any, of the security Copy of Partnership deed/MOA and AOA or other related documents. These documents apply in the case of partnership firm or a company. |
Commercial Vehicle 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 2 Years for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Trade License applicable to a proprietor/partnership firm Ownership documents, if any, of the security Copy of Partnership deed/MOA and AOA or other related documents. These documents apply in the case of partnership firm or a company. Proforma Invoice Copy |
Working Capital 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 for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Trade License applicable to a proprietor/partnership firm Ownership documents, if any, of the security Copy of Partnership deed/MOA and AOA or other related documents. These documents apply in the case of partnership firm or a company. |
Term 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 for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Trade License applicable to a proprietor/partnership firm Ownership documents, if any, of the security Copy of Partnership deed/MOA and AOA or other related documents. These documents apply in the case of partnership firm or a company. |
