Aspiring Business Loan
A programme by Bandhan Bank
Working capital, term and composite loans for micro and small enterprises with at least 2 years in business.
At a glance
| Best for | Micro and small enterprises with at least 2 years of business vintage |
|---|---|
| Duration | Flexible tenure up to 12 years |
| Cost | Paid |
About Aspiring Business Loan
The Aspiring Business Loan is for micro and small enterprises that need working capital, a term loan or a composite loan. It can be unsecured or secured, and the bank says it can be taken with or without collateral.
What you get
- Working capital, term loan and composite loan facilities.
- A tenure of up to 12 years, with EMIs collected through standing instructions or e-NACH.
- Doorstep assistance with a relationship manager through the processing period.
- Simplified documentation.
Who can apply
- Micro and small enterprises with a business vintage of at least 2 years.
- Applicants aged at least 21 years, with an age at loan maturity of no more than 65 years.
- Businesses that can provide KYC, proof of residence, proof of vintage and proof of income.
How to apply: Fill in the online form on the product page. The bank then verifies your mobile number with an OTP and gets in touch. The toll-free helpline is 1800-258-8181.