Bandhan Bank Mumbai

Banks 94 views

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 NameComplete AddressIFSCMICRContact 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- 400053BDBL0001584400750011033-66333333
BorivaliGround Floor, Tiara, Off Chandavarkar Lane, Off I T Road,Maharashtra Lane, Borivali West, Mumbai,Maharashtra-400092BDBL0001838400750012033-66333333
Kandivali Ground Floor, Krishna Kunj, S.V.P Road, Near Chitra Tower, Kandivali West, Mumbai, Maharashtra-400067BDBL0001583400750008033-66333333
PrabhadeviGround Floor, Madhukunj Building, S G Road, P O Prabhadevi, Mumbai, Maharashtra-400025BDBL0001562400750002033-66333333
ChemburSrinagar Heritage, Shop No.1, 11Th Road, Off Central Avenue Road, Chembur, Mumbai, Maharashtra-400071BDBL0001559400750006033-66333333
VashiGanesh Tower, Shop No 17,Plot No, Sector 1, Vashi, Mumbai, Maharashtra-400703BDBL0001534400750003033-66333333

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

ProductEligibilityLoan amount
Interest Rate
Processing FeeTenure
Home LoanMinimum age for application-23 years

Maximum age permitted at the time of loan maturity-65 years
Depends upon your income and repayment capability10.50%1% of the loan amount+plus applicable taxes

Minimum- ₹ 5,000+plus applicable taxes
15 Years
Two-Wheeler LoanMinimum age for application-23 years

Maximum age permitted at the time of loan maturity-65 years
₹ 10,000-1,50,000Linked to MCLR3% of the loan amount+plus applicable taxes1-3 Years
Loan Against PropertyMinimum 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 conditionsVaries from individual to individual1% of the loan amount+plus applicable taxes

Minimum- ₹ 5,000+plus applicable taxes
Upto 15 Years
Loan Against Term DepositTerm deposit account holders can avail the facilityA maximum of 90% of the term deposit amountLinked to MCLRZero processing feeUpto 3 Years
Samriddhi Business LoanAvailable 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 MCLR1% of the loan amount+plus applicable taxesUpto 5 Years
Equipment LoanAvailable 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 ₹ 10,00,000Linked to MCLR1% of the loan amount+plus applicable taxesUpto 5 Years
Commercial Vehicle LoanAvailable 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 ₹ 10,00,000Linked to MCLR1% of the loan amount+plus applicable taxesUpto 5 Years
Working Capital LoanMSMEs running into profitsDepends on the bank's assessment regarding your repayment capability Linked to MCLR1% of the loan amount+plus applicable taxesRepayable on demand
Term LoanAvailable 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 MCLR1% of the loan amount+plus applicable taxesUpto 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.

 

 

 

 

You May Also Read