Bandhan Bank Home Loan

Bandhan Bank offers a bouquet of affordable financial services to customers with the motto that says “Apka Bhala, Sabki Bhalai”. One such popular offer made by the bank is the Bandhan Bank home loan starting at an interest rate of 9.16% per annum. Borrowers can repay the loan within 30 years of taking the loan at a processing fee of up to 1% of the loan amount. 

Bandhan Bank Home Loan EMI Calculator

Avoid confusion get it right with BASIC

1 Lac10 cr
0%20%
130

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

Apply for Bandhan Bank Home Loan at Low Interest Rate
Apply Now

Bandhan Bank Home Loan Highlights

Get the lowest interest rates with Bandhan Bank Home Loan

Loan Amount Up to 90% of the property value
Rate of Interest 9.16% - 15.00% per annum
RPLR
Processing Fee

Up to 1% of the loan amount

Maximum Tenure for Repayment
Penal Rate of Interest
Rate Packages Fixed/ Floater
Charges for Prepayment/Foreclosure Fixed: 4% of the outstanding loan amount + GST for loans < 12 months/ 2% of the outstanding loan amount + GST for loans> 12 months | Floater: Nil

Bandhan Bank Home Loan Interest Rates in 2024

Bandhan Bank offers competitive home loan interest rates designed to make homeownership more accessible for borrowers. With options for both fixed and floating rates, you can select a plan that best suits your financial needs. The Bandhan Bank home loan interest rate starts from 9.16% per annum ensuring manageable EMIs for home loan borrowers. Home loan borrowers can expect a housing loan amount of up to 90% of the property value from Bandhan Bank if the bank finds them eligible for the same. 

Learn more about Bandhan Bank home loan interest rate 2024 through the table below:

Loan Slab Interest Rate for Home Loan
Suraksha Home Loan 9.16% - 15.00% per annum  
Sajavat Home Loan 9.16% - 15.00% per annum  
Su-awas Home Loan 9.16% - 15.00% per annum  
Suvidha Home Loan 9.16% - 15.00% per annum  

Interest rates were last updated on 17th September 2024

Apply for Bandhan Bank Home Loan at Low Interest Rate
Apply Now

Bandhan Bank Home Loan Eligibility Criteria

Bandhan Bank's home loan eligibility criteria focus on factors like your age, income, credit score, and employment stability. These criteria help the bank assess your ability to repay the loan, ensuring a smooth application process. Understanding these requirements in advance can increase your chances of approval.

The table below will give you a clear idea about the Bandhan Bank home loan eligibility criteria:

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 21 - 75 21 - 75
Nationality Indian Residents/ NRIs Indian Residents/ NRIs
Minimum Income Earned Rs. 18,000 per month Rs. 18,000 per month

Bandhan Bank Home Loan Processing Fee and Charges

Bandhan Bank's home loan comes with transparent fees and charges, including processing fees, administrative costs, and legal expenses. These charges are clearly outlined to help you understand the total cost of your loan. Knowing these fees upfront allows you to budget effectively and make informed decisions.

Have a look at the table below to understand the updated Bandhan Bank home loan processing fees and charges for 2024:

Processing Fee
Up to 1% of the loan amount
Login Fee

Rs. 3,500 + GST

Administration Charges

0.25% - 2% depending on scheme + GST

Cheque Bounce Charges

Rs. 500 + GST

Interest Rate Conversion Charges

0.50% to 1.25% of the outstanding balance

Income Tax Certificate

Free of cost once annually, and Rs. 30 + GST/ copy for subsequent requests

Valuation Report Charges

Rs. 2,500 per property being offered as security to the Bank

CERSAI Charges

Rs. 100 per account + GST

CIC Charges

Rs. 150 per individual + GST

Penal Interest

24% per annum

Foreclosure Charges
  • Fixed: 4% of the outstanding loan amount + GST for loans < 12 months/ 2% of the outstanding loan  amount + GST for loans> 12 months
  • Floater: Nil
Apply for Bandhan Bank Home Loan at Low Interest Rate
Apply Now
reach

Get a Free Consultation from BASIC Home Loan

reach

Tell us about your requirements

Bandhan Bank Home Loan Schemes And Top Plans

Bandhan Bank understands that no two borrowers might have the same home loan requirements, so it offers a variety of housing loan schemes to meet varied purposes. Read on to understand the popular home loan schemes offered by the Bandhan Bank:

Suraksha Home Loan

  • Ideal loan for purchase, construction, or home extension
  • Maximum loan repayment of up to 30  years
  • Monthly disposable or surplus income is considered

Sajavat Home Loan

  • Perfect housing loan scheme for home repair or renovation
  • Maximum repayment of up to 15 years
  • Maximum loan up to 80% of the repair cost

Su-awas Home Loan

  • Best home loan for pakka or semi-pakka home even if you do not have a regular income
  • Maximum loan repayment of up to 10 years for construction and 5 years for renovation purposes
  • Available to micro banking borrowers with a minimum 1 complete cycle of the loan 

Suvidha Home Loan

  • Easy home loan without a formal income proof
  • Maximum loan repayment of up to 30 years
  • Maximum loan amount up to 90% of the property cost

Note: All of the above home loan plans are made available to applicants solely at the discretion of Bandhan Bank Home Loan, taking into consideration the earning and repayment capacity of the applicant.

reach reach reach reach
reach

Get Home Loan Starting at 8.5%*

Documents Required For Bandhan Bank Home Loan

To apply for a Bandhan Bank home loan, you'll need to provide essential documents that verify your identity, income, and property details. These documents ensure a smooth and efficient processing of your application. Preparing the required paperwork in advance can help expedite your loan approval and get you closer to your new home. The Bandhan Bank home loan documents required list is shared below for salaried and self-employed applicants before applying for a home loan:

Documents Required for Salaried Applicants

Proof of Income
  • Latest Income Tax Return/ Form 16
  • Recent Salary Slips for the last 3 months
  • Bank Statements for the last 6 months
Other Required Documents
  • Duly filled application form 
  • Latest passport-size photographs
  • Address and identity proofs
  • Processing fee cheque in favour of Bandhan Bank

Documents Required for Self-Employed Applicants

Proof of Income
  • Income Tax Returns for the last 3 years
  • P&L and Balance Sheets for the last 3 years
  • Bank Statements for the last 6 months
Other Required Documents
  • Duly filled application form 
  • Latest passport-size photographs
  • Processing fee cheque in favour of Bandhan Bank
  • Address and identity proofs

Common Documents Required from Both Salaried and Self-Employed Applicants

Type of Document Documents Required
Identity & Address Proof

AADHAAR Card, Voter ID, PAN Card

Documents Related to Property
  • Allotment Letter
  • Property Sale Deed
  • Xerox of property ownership documents
  • Construction permission document
Apply for Bandhan Bank Home Loan at Low Interest Rate
Apply Now

How to Apply for a Bandhan Bank Home Loan?

Interested applicants can proceed with the Bandhan Bank home loan apply procedure through the BASIC Home Loan team in a remarkably straightforward and convenient way. This can be done from anywhere online in the following manner:

Apply for a Home Loan Through the BASIC Home Loan website

  • Go to the official website of BASIC Home Loan and click on the ‘APPLY NOW’ section
  • Fill in the details in the form before clicking ‘Submit’ 
  • Once you submit the form, the BASIC Home Loan team will reach out to you to go along the Bandhan Bank home loan application procedure smoothly

Find Bandhan Bank Home Loan Offices Near You

While locating a nearby Bandhan Bank branch can provide personalized assistance, you can simplify the process by applying online through the BASIC Home Loan team. The online application offers a convenient and efficient way to manage your loan from home, bypassing the need for multiple in-person visits. Just fill out the Free Consultation Form with the BASIC Home Loan team and get the desired assistance to apply for a Bandhan Bank home loan. 

Disclaimer:

We recommend you visit the official website of Bandhan Bank to update yourself with the latest information on Bandhan Bank home loans, eligibility criteria, interest rates, and the list of documents required.

FAQs

The minimum salary required to get a Bandhan Bank home loan is Rs. 18,000 per month. 

The factors that may determine the Bandhan Bank home loan eligibility of the applicant are monthly income, age, surplus income, and working status. 

As such there is no specific credit score requirement set by the Bandhan Bank to offer home loans to customers. However, a credit score of 700 - 750 is considered good. 

Yes, micro-banking borrowers can avail of home loans from Bandhan Bank under its Su-awas Home Loan Scheme.

Yes, Bandhan Bank offers home loans on a joint basis. However, there are some terms and conditions for the same.