Bandhan Bank Business Loan – Interest Rate & EMI Calculator

Business Loan

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Looking for a secured funding solution to enhance your business performance? Bandhan Bank loan application would be the most feasible option. The bank provides a business loan to the Micro, Small and Medium Entreprises (MSME) that are in urgent need of funds for business development. The bank also caters it’s service to the newly started business entities. The loan can be taken for any business need such as for buying a machinery or to meet the working capital deficiency, only if the bank is satisfied with the documents and security provided. The rate of interest is linked to MCLR which is 12.90% p.a and is subjected to change with a change in bank policy and market condition.

Bandhan Bank Business Loan Details

Interest RatesIn reference to MCLR (12.90%)
Loan AmountUp to Rs. 25,00,000
TenureUp to 7 years
Processing Fee1%

How To Apply :

The candidates willing to take a business loan from Bandhan Bank can apply for the same online. The application can be submitted in person by visiting the nearest branch office.

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Bandhan Bank Business Loan EMI Calculator

EMI is the amount the borrower has to pay each month to the lender for the settlement of the loan. The EMI value includes the amount of interest along with the principal amount. The EMI calculator helps in computing the correct EMI value. It reveals the result in no time. You just need to feed the information regarding the loan amount, tenor and rate of interest in the calculator. For instance, if I avail the loan of Rs. 25,00,000 for the tenor of 7 years then my tentative EMI will be Rs. 45,344.

Table Showing EMI, Total Interest Outgo and Total Repayment Amount

Loan AmountLoan TenureInterest RateEMITotal Interest OutgoTotal Amount (EMI+Interest)
Rs. 25,00,0001 year12.90% p.aRs. 2,23,176Rs. 1,78,111Rs. 26,78,111
Rs. 25,00,0002 years12.90% p.aRs. 1,18,737Rs. 3,49,692Rs. 28,49,692
Rs. 25,00,0003 years12.90% p.aRs. 84,115Rs. 5,28,123Rs. 30,28,123
Rs. 25,00,0004 years12.90% p.aRs. 66,945Rs. 7,13,347Rs. 32,13,347
Rs. 25,00,0005 years12.90% p.aRs. 56,755Rs. 9,05,287Rs. 34,05,287
Rs. 25,00,0006 years12.90% p.aRs. 50,053Rs. 11,03,846Rs. 36,03,846
Rs. 25,00,0007 years12.90% p.aRs. 45,344Rs. 13,08,905Rs. 38,08,905

Amortization Table

YearPrincipal PaymentInterest OutgoBalance Amount
1Rs. 235,212Rs. 308,916Rs. 2,264,788
2Rs. 267,415Rs. 276,713Rs. 1,997,373
3Rs. 304,025Rs. 240,103Rs. 1,693,348
4Rs. 345,649Rs. 198,479Rs. 1,347,699
5Rs. 392,971Rs. 151,157Rs. 954,728
6Rs. 446,772Rs. 97,356Rs. 507,956
7Rs. 508,438Rs. 36,191Rs. 0

Features And Benefits

  • Loan available up to Rs. 25,00,000
  • Flexible tenor lasting up to 84 months
  • Minimal processing time
  • Fast services
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Bandhan Bank Business Loan Eligibility Criteria:

  • For Individual / Proprietorship / Partnership, the minimum age should be 23 years and maximum age at the time of loan maturity should not exceed 60 years.
  • Minimum 2 years experience in the same line of activity is required. However, eligible new Entrepreneurs will also be considered.
  • For Non Individuals, two years track record in same business is required.

Bandhan Bank Business Loan Application Form:

To avail the benefits of a business loan from the Bandhan Bank fill the application form available at the nearest branch office. The form should be duly filled, as the incomplete forms are rejected by the bank.

Documents Required :

  • Duly filled application form
  • 3 passport size photograph of the Individual Borrower
  • 2 passport size photograph of the Guarantor, if required
  • KYC documents
  • Financial Statement of last 3 years
  • Trade license or any other regulatory license applicable to unit
  • Last 6 months existing Bank account Statement
  • Ownership documents of security
  • Copy of Partnership deed /Copy of MOA & AOA or other related documents in case of company/partnership firm

Factors Affecting Business Loan Eligibility :

  • Loan Repayment track
  • Credit Performance / Credit Bureau Update
  • Debt servicing ability of the customer
  • Business Vintage
  • Financial Ratios
  • Existing relationship

Bandhan Bank Customer Care

For all product related doubts and queries contact the customer care. You can get in contact with customer care through following channels :

  • Drop an e-mail at the customer care mail id
  • Call on the following number :
  1. Toll- Free Number -1800-258-8181
  2. Landline- 033-6633-3333
  3. Head office- 033-6609-0909

Also read here about Bandhan bank fixed deposits

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