Bandhan Bank Gurugram
Last Updated : Feb. 24, 2017, 9:57 a.m.
About Bandhan Bank
After years of wait came the glorified moment for Bandhan Financial Services, which got the in-principle approval from the Reserve Bank of India (RBI), the sector regulator, to set up a bank in April 2014. A year later came the final approval in June 2015. Finally, it was Dec 2015 when Bandhan Bank was born as the wholly-owned subsidiary of Bandhan Financial Holdings Limited. Amazing development. And what was amazing was the fact that the inauguration of the bank happened with as many as 501 branches. 50 ATMs and 2,022 Doorstep Customer Service Centres (DSCs) on August 2015. The bank was inaugurated by the current Finance Minister Arun Jaitley in Kolkata.
Since the core ideology of the bank is to bring a large number of customers under its umbrella, it has expanded its reach significantly in the two years time. Now, it runs over 800 branches, 279 ATMs and 2,427 DSCs, clearly showing the intent to tap a large number of consumers. It’s only two years and the progress has been impressive, to say the least. Years down the line, it could well be at par with many more commercial banks that are there in India’s geographical landscape.
The company’s shareholders include top-notch public sector firms, which include the likes of Small Industries Development Bank of India (SIDBI), International Finance Corporation (IFC), Caladium Investment Pte. Ltd. While other shareholders include Bandhan Employees Welfare Trust and some individuals.
The significant part of the bank is the attractive interest rates that it offers on a savings bank account. On balance of more than ₹ 1 lakh, the interest rate offered is 6% per annum. While on an amount upto ₹ 1 lakh, it is 4.25% p.a.
The bank aims to provide superior banking services to customers located across the country. Be it the urban locations like Mumbai, Delhi, Kolkata or semi-urban like Muzaffarpur in Bihar, the bank is catering to the service requirements of people staying in all the locations.
The bank has its headquarters in Kolkata. It also has a branch in the Cyber City Gurugram, a hub of top corporate offices belonging to both domestic and international firms. Looking to maximize the business of corporates and retail clients, Bandhan Bank has established a branch here. If Gurugram is where you are staying and want to taste the slice of Bandhan Bank, get down to the branch stated below.
Bandhan Bank Gurugram Branch
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Sector 15 Branch | SCO 56 Old Judicial Complex, Civil Lines, Sector 15, Haryana, Gurugram-122001 | BDBL0001348 | 110750003 | 0124-66090909 |
Products Offered by Bandhan Bank in Gurugram
On both deposits and loans, Bandhan Bank has custom products to fit the taste of many. While depositors can serve their needs by opening savings, current and fixed deposit accounts, the loan seekers have a plenty to pick from. Loans such as two-wheeler loan, home loan , loan against property, business loan, commercial vehicle loan and much more. The loans can match your requirements to the fullest. However, before choosing any of the products, do not forget to read out the details as they come in front of you.
Basic Details of Bandhan Bank Loans in Gurugram
| Product | Eligibility | Loan amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Minimum age for application-23 years Maximum age permitted at the time of loan maturity-65 years | Depends upon your income and repayment capability | 8.65% - 13.00% | 1% of the loan amount+plus applicable taxes Minimum- ₹ 5,000+plus applicable taxes | 15 Years |
| Two-Wheeler Loan | Minimum age for application-23 years Maximum age permitted at the time of 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 other conditions | 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 MCLR | Zero processing fee | Upto 3 Years |
| Samriddhi Business Loan | Available for individual, prorietory 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 is needed. 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, prorietory 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 is needed. 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, prorietory 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 is needed. 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 repayment capability | Linked to MCLR | 1% of the loan amount+plus applicable taxes | Repayable on demand |
| Term Loan | Available for individual, prorietory 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 is needed. However, new entrepreneurs can also be eligible. | As per the bank's assessment regarding your repayment capability | Linked to MCLR | 1% of the loan amount+plus applicable taxes | Upto 7 Years |
Documents Required to Avail Loans from Bandhan Bank in Gurugram
| Product | Documents |
|---|---|
| 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. |