Loans are sanctioned for supporting and enabling the members for undertaking Income Generating activities.
No eligibility details found.
Bandhan Bank Ltd. (Bengali: ????? ???????) is an Indian banking and financial services company headquartered in Kolkata, West Bengal.Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014
1.Whether request received for sanction of loan to meet partial cost of studying abroad can be considered?
It is not uncommon for students to take up part-time jobs as permitted by the institutions where they are studying to part fund their education. So they will not be taking loan for meeting entire cost of studies(usually amount mentioned in I-20). Banks may sanctio loan for meeting part cost as requested by students in such cases
2. Can the bank consider request for loan received from NRIs?
A. Requests received from NRIs can be considered if student is Indian passport holder and they meet other eligibility requirements. However, it would be necessary to accept as security any collateral which is enforceable in India. 3. How the student will know whether the application for the loan has been considered or rejected by the bank?
The bank should communicate to the student about the sanction of the loan in writing. Similarly, whenever loan applications of student borrowers are rejected, banks should invariably record the reasons for rejection by the bank.