Bandhan Bank Livelihood Loan

Details

Bandhan Bank offers a collateral-free term loan for rural households and self-help group members pursuing a livelihood activity. Instead of asking for documents, the bank verifies three things digitally: your identity through Aadhaar, your household record through the state rural registry, and your repayment capacity through the transaction history recorded in GramStack. Loan amounts range from ₹25,000 to ₹3,00,000 at 11.50% per annum for tenures of 6 to 48 months.

Benefits

• Collateral-free credit from ₹25,000 up to ₹3,00,000
• Interest at 11.50% per annum on a reducing balance
• Tenure of 6 to 48 months, chosen by you
• Identity, registry and transaction history verified digitally — no documents to submit
• Disbursal to your bank account within 48 hours of approval
• Part-prepayment allowed after six EMIs with no penalty

Eligibility

1. Indian resident aged between 21 and 58 years
2. Aadhaar identity verifiable through the consent flow
3. Household present in the state rural registry
4. At least three months of recorded transaction history in GramStack
5. No active default with any lender

Application Process

1. Select Apply on Bandhan Bank — the bank portal opens in a new tab
2. Sign in on the bank portal using the same Aadhaar
3. Enter the loan amount, tenure and purpose
4. Confirm your Aadhaar-verified personal details
5. Consent to the bank verifying your registry and MIS credentials
6. Enter your income and disbursal account, then review and submit
7. Track the application here in GramStack and on the bank portal

Documents Required

• Aadhaar — verified digitally through the consent flow
• Household registry reference — read from GramStack with your consent
• Transaction history credential — read from GramStack with your consent
• PAN card number
• Bank account number and IFSC for disbursal