Bandhan Bank Mumbai
Last Updated : May 9, 2018, 12:29 p.m.
About Bandhan Bank
An interesting development has emerged into India’s banking space in the last two years. Do you know that? Any guesses, No. It’s the foundation of Bandhan Bank, which was earlier a microfinance firm. The news of Bandhan Bank emerged first when the election mode was in a full swing in India. The Reserve Bank of India (RBI) gave an in-principle approval for the setting up of Bandhan Bank in April 2014. After six months, Bandhan Financial Holdings did the formality of incorporating Bandhan Bank as its fully-owned subsidiary in December 2014. The RBI finally gave the green signal in June 2015, shortlisting it and one more from the list of 25 applicants including some of the biggest business groups. The bank took two more months before arriving on the ground in August 2015. In a glittering ceremony that was attended by many distinguished people, Bandhan Bank was officially launched by the Finance Minister Arun Jaitley in Kolkata. It started a new wave of banking in India’s landscape.
The bank started with a bang by opening 501 branches, 50 ATMs and 2,022 doorstep service centres (DSCs). And when it is incepted to convert the unbanked section of the society into the banked community, the massive expansion of the bank within 2 years time was very much on the cards. Now when you see the scale of operation, you will find the branches and ATMs above 800 and 270, respectively. While DSCs are well past 2,400. This proves the bank’s point of enabling banking solutions for all. Irrespective of the locations, the bank is moving steadily on a path to get its roots stronger in urban, semi-urban and rural locations of the country.
With notable shareholders like Small Industries Development Bank of India, International Finance Corporation (IFC) and Caladium Investment Pte. Ltd., it is time for the bank to achieve more growth.
Mumbai, the capital of Maharashtra and the financial capital of India, also has branches of Bandhan Bank. As much as six branches are there in the city. So, your search of an ideal banker ends with Bandhan Bank. The addresses of the bank branches, along with other details can be seen in the below table.
Bandhan Bank Mumbai Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Andheri | Shop No 2, Ground Floor, Holar Samaj CHS, Plot No 11,S H O, Four Bungalows, J P Road, Andheri West, Mumbai,Maharashtra- 400053 | BDBL0001584 | 400750011 | 033-66333333 |
| Borivali | Ground Floor, Tiara, Off Chandavarkar Lane, Off I T Road,Maharashtra Lane, Borivali West, Mumbai,Maharashtra-400092 | BDBL0001838 | 400750012 | 033-66333333 |
| Kandivali | Ground Floor, Krishna Kunj, S.V.P Road, Near Chitra Tower, Kandivali West, Mumbai, Maharashtra-400067 | BDBL0001583 | 400750008 | 033-66333333 |
| Prabhadevi | Ground Floor, Madhukunj Building, S G Road, P O Prabhadevi, Mumbai, Maharashtra-400025 | BDBL0001562 | 400750002 | 033-66333333 |
| Chembur | Srinagar Heritage, Shop No.1, 11Th Road, Off Central Avenue Road, Chembur, Mumbai, Maharashtra-400071 | BDBL0001559 | 400750006 | 033-66333333 |
| Vashi | Ganesh Tower, Shop No 17,Plot No, Sector 1, Vashi, Mumbai, Maharashtra-400703 | BDBL0001534 | 400750003 | 033-66333333 |
Products Offered by Bandhan Bank in Mumbai
Looking for a suitable loan to fulfill your family’s dream of settling at a home in Mumbai? Why don’t you try out the home loan of Bandhan Bank? It comes with attractive rates. Riding a bike with your girlfriend in the city of Mumbai could well be what you would want, right! You can get that desire fulfilled with the help of a 2-wheeler loan. The products do not end here as the list is big. You can find the explanation for all the loan products in the below table.
Basic Details of Loans from Bandhan Bank in Mumbai
| 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 Mumbai
| 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. |
