The Bandhan Bank Limited offers their term loans with an amount based on the customer’s assessment. After the submission of all the documents, the banks will provide the amount at their discretion.
The term of repayment for all applicants, such as individuals, partner, or even proprietorship will be a maximum period of 7 years, which will include a 3 months moratorium period.
The bank will offer a prepayment facility for this loan.
The applicants should have a minimum of at least 2 years of experience in their current business enterprise when they apply for the term loan.
At the bank’s discretion, new entrepreneurs or enterprises will also be considered for the term loan.
Any proprietorships and non-individual applicant, should have good business record of at least 2 years.
The bank will charge a processing fee of 1% plus taxes that are applicable.
The margin will be a 25% as per the bank.
The loan after verification of all documents will be disbursed in a matter of 7 days.
All assets financed with this loan will have an insurance coverage as per the bank’s clause.
The bank will charge an interest rate that will be linked to their base rate of 12%. This is subject to change their discretion.
Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.
Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.
A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalization, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.
In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.
Running a business is not easy. You have to constantly think of ways and means to keep it going and growing. As a part of the growth plan, you require financing for expanding operations or to buy new equipment or inventory or simply increase the working capital. To help you with your financing needs we offer Business Loans that will help your business grow.
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