Bandhan Bank Micro Enterprise Loan
About This Loan
Bandhan Bank specialises in microfinance and micro enterprise loans, particularly for rural and semi-urban borrowers who have historically been underserved by mainstream banking. Loans range from 10,000 rupees to 10 lakh rupees for income-generating activities including dairy, tailoring, petty trading, small manufacturing, and services. Known for doorstep service, group lending through Joint Liability Groups (JLG), and simple documentation that makes the bank uniquely accessible to first-time borrowers without formal business registration. Bandhan evolved from a microfinance institution into a full-service bank, which gives it strong field-level presence with micro credit officers who visit borrower locations for verification and collection. The bank's micro enterprise product is ideal for women entrepreneurs and rural micro businesses.
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.