Bandhan Bank - 8.20% for Home Loan - New Purchase Home Loan

Bandhan Bank Home Loan :

Bandhan Bank is a large Public sector bank with the lowest home loan percentage in India.

The bank offers home loans beginning from 8.20%* with quick approval.

Home loan Indian bank is quite popular with its special features and attractive interest rates under

Various Indian bank home loan schemes for different incomes and occupations.

 

Interest rate	8.20%
LTV ratio(Loan amount)	Up to 90% of property cost
Tenure	5- 30 years
Processing Fee	Sal - 0.25%+GST  , SE- 0.50% +GST

 

Bandhan Bank Home loan interest depends upon:

 

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income. The higher the income, the lesser will be the rate

 

2. Type of loan opted for:

Bandhan Bank also offers differential rates for women borrowers and also under their fixed and Floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

Bandhan Bank offers one of the lowest home loan rates to its existing bank account customers in

View of their past relationship with the bank.

 

Bandhan Bank Home Loan Processing Fee and Other Charges:

In addition to interest rates, home loans from India also carry some other charges which include:

 

1. Processing Fee -

Bandhan Bank applies processing charges to account for its expenses incurred for conducting a credit appraisal and completing the lending process.

 

2. Technical and Legal Charges -

Bandhan Bank also charges technical and legal charges which are explained to the customer during the loan process.

Once you go through the loan application process, you will need to pay these charges based on Bandhan Bank rules.

 

3. Prepayment Charges-

If you decide to foreclose or transfer your housing loan to another bank, you need to apply for the same to Bandhan Bank

As per RBI rules, banks are not allowed to charge prepayment penalties on floating-rate home loans. Hence, you can prepay your home loan with Bandhan Bank.

 

Bandhan Bank Housing Loan:

Apply

Apply for an Bandhan Bank Home Loan easily on ApnaRupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compare Bandhan Bank rates with other banks before choosing the best deal for your home loan needs.

 

Bandhan Bank Home Loan Documents:

For Salaried employees:

1. Filled up the loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up the loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed, and proof of

business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Bandhan Bank Home Loan Schemes:

1. Suraksha Home Loan

Purpose: 

For purchase/extension/construction of the house

LTV Ratio: 

Up to 90% of the cost of property

Tenure: 

5- 30 years

Eligibility Criteria for Bandhan Bank Home Loan:

Age: 21-75 years

Surplus income or monthly disposable income is taken into consideration.

 

2. Sajavat Home Loan

Purpose: 

For repair and renovation of the existing house such as plumbing, painting, re-laying the roof

LTV Ratio:

 Up to 80% of the cost of repair work

Tenure: 

5- 15 years

Eligibility Criteria for Bandhan Bank Home Loan:

Age: 21-75 years

Surplus income or monthly disposable income is taken into consideration

 

3. Su-awas Home Loan

Purpose: 

For the construction of pakka/semi-pakka houses, exclusively for micro banking borrowers, for both salaried and non-salaried individuals

Tenure:

3-10 years

Loan Amount:

Up to Rs 10 lakh

Eligibility Criteria for Bandhan Bank Home Loan:

Micro-banking borrowers with a minimum 1 complete cycle of the loan

 

Suvidha Home Loan

Purpose:

 For purchase/extension/construction of the house

LTV Ratio: 

Up to 90% of property cost

Tenure:

 5- 30 years

Eligibility Criteria for Bandhan Bank Home Loan:

Age: 21-75 years

Surplus income or monthly disposable income is taken into consideration

 

Frequently Asked Questions: -

Q. Can Bandhan Bank revise the home loan interest rates for their existing borrowers?

Ans. Yes, Bandhan Bank can revise the home loan interest rates for existing customers depending on the changes in the repo rate, cost of funds, spread, etc.

 

Q. Does Bandhan Bank offer a concessional home loan interest rate for women?

Ans. No, Bandhan Bank does not offer a concessional home loan interest rate for women.