Bandhan Bank Bhubaneswar

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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 NameComplete AddressIFSCMICRContact 
KhurdaLTN 10, Janpath, P. O Satyanagar, Bhubaneshwar, District- Khurda, State-ODISHA-751001BDBL000103075175000366090909

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

Loanamount




InterestRate




ProcessingFee

Tenure




Home Loan

Minimum age at the time of application-23 years




Maximum age permissible at loan maturity-65 years

Depends upon your income and repayment capability

12.41% - 13.72%

1% of the loan amount+plus applicable taxes




Minimum-₹ 5,000+plusapplicable taxes

15 Years

Two-Wheeler Loan

Minimum age at the time of application-23 years




Maximum age permitted at loan maturity-65 years

₹ 10,000-1,50,000

Linked to MCLR

3% of the loan amount+plus applicable taxes

1-3 Years

Loan Against Property

Minimum age for application-23 years




Maximum age permitted at the time of loan maturity-65 years

Depends upon your monthly or disposable income as well as otherconditions

Varies from individual to individual

1% of the loan amount+plus applicable taxes




Minimum-₹ 5,000+plus applicable taxes

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

Available for individual, proprietory or partnership firms




Minimum age for application-23 years




Maximum age permitted at the time of loan maturity-60 years




A minimum of 2-year vigil in the same line of business isneeded. However, new entrepreneurs can also be eligible.

Upto ₹ 25,00,000

Linked to MCLR

1% of the loan amount+plus applicable taxes

Upto 5 Years

Equipment Loan

Available for individual, proprietory or partnership firms




Minimum age for application-23 years




Maximum age permitted at the time of loan maturity-60 years




A minimum of 2-year vigil in the same line of business isneeded. However, new entrepreneurs can also be eligible.

Upto ₹ 10,00,000

Linked to MCLR

1% of the loan amount+plus applicable taxes

Upto 5 Years

Commercial Vehicle Loan

Available for individual, proprietory or partnership firms




Minimum age for application-23 years




Maximum age permitted at the time of loan maturity-60 years




A minimum of 2-year vigil in the same line of business isneeded. However, new entrepreneurs can also be eligible.

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 repaymentcapability

Linked to MCLR

1% of the loan amount+plus applicable taxes

Repayable on demand

Term Loan

Available for individual, proprietory or partnership firms




Minimum age for application-23 years




Maximum age permitted at the time of loan maturity-60 years




A minimum of 2-year vigil in the same line of business isneeded. However, new entrepreneurs can also be eligible.

As per the bank's assessment regarding your repaymentcapability

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.

 

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