Bandhan Bank Micro Enterprise Loan
About This Loan
Bandhan Bank specializes in microfinance and micro enterprise loans, particularly for rural and semi-urban borrowers. Loans from ₹10,000 to ₹10 lakh for income-generating activities. Known for doorstep service, group lending, and simple documentation suitable for first-time borrowers.
Maximum Amount
₹10,00,000
Interest Rate
14% – 18% p.a.
Tenure
12 – 60 months
Collateral
Nil for micro loans
Processing Fee
1% of loan amount
Eligibility
Indian citizen aged 18-65; income-generating activity; no formal business registration required for smaller loans; both individual and group (JLG) lending available.
Application Process
- 1Visit nearest Bandhan Bank branch or DSC (Doorstep Service Centre)
- 2Meet with micro credit officer who visits your business location
- 3Simple documentation and credit assessment
- 4Loan disbursed within 7-14 days
Documents Required
- Aadhaar Card
- Voter ID / Ration Card
- Passport-size photos
- Business proof (for larger loans)
- Bank account details
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.