Bandhan Bank Kochi
Last Updated : Feb. 24, 2017, 10:57 a.m.
About Bandhan Bank
The saga started in 2014 and continues to impress many even now. The moment the Reserve Bank of India (RBI) gave an in-principle approval for the setting up of Bandhan Bank, the excitement got to a new high. Actually, it occupied space in newspapers, magazines or even digital media. It was good, if not spectacular, to note that it left behind many of the applicants who had filed the application for the banking license. In fact, it was the only two entities who had got the nod among many influential institutions. And what followed next was just the formality. Bandhan Financial Holdings incorporated Bandhan Bank as its wholly-owned subsidiary in December 2014. The final approval from the RBI was pending and it came in June 2015, much to the delight of the entity which was finally shown to the world two months later in August 2015. The Union Finance Minister did the rest by inaugurating the bank in a ceremony held in Kolkata, a place the bank’s headquarters are.
The bank has laid a strong foundation for itself to swim in a pond full of small and big fishes taking away each other’s share of fodder. It started with 501 branches, 50 ATMs and 2,022 doorstep service centres (DSCs) and expanded these greatly within a space of two years. While the branch count is in excess of 800, the ATMs and DSCs are over 270 and 2400, respectively, raising hopes for all those wanting a reliable hand to motor along in their financial lives amid the challenges galore.
What stands out for Bandhan Bank is its ability to understand the market needs and serve according to the same. Be it the top-tier cities to even rural households, the bank is heading towards making financial inclusion a reality in India.
Kochi, the coastal area of the southern state Kerala, is also blessed with the exemplary services of Bandhan Bank. Check out below the branch of Bandhan Bank in Kochi.
Bandhan Bank Kochi Branch
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Edapally | Chakkappan Centre, Edapally Pakkattapady Road, P.S Kalamasserry Kochi, Kerala-682024 | BDBL0001607 | 682750002 | 0484-66090909 |
Products Offered by Bandhan Bank in Kochi
Want to know the loans that can be disbursed to you in Kochi? Well, the list is long with a home loan, two-wheeler loan, business loan, and others. So, if a retail consumer can avail a home loan or a vehicle loan, there is a business loan and commercial vehicle loan for the business enterprises to grab. You should be clear on the maximum loan amount, interest rate, longest repayment period, eligibility and other factors before availing any option. The table below serves the very purpose.
Basic Details of Bandhan Bank Loans in Kochi
| 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 Needed to Avail Loans from Bandhan Bank in Kochi
| 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. |