Bandhan Bank Loan Against Property
Bandhan Bank Loan Against Property
Bandhan Bank Loan Against Property (LAP) scheme provides a reliable solution to access funds quickly and at cheaper rates. Available at an ROI starting from 12.64% per annum, the LAP from Bandhan Bank offers substantial funding based on the value of your property for a maximum time of 30 years. Based on the eligibility, one can get up to 60% of the property value as loan against property at Bandhan Bank.
Bandhan Bank Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Bandhan Bank Loan Against Property Interest Rate
The Bandhan Bank loan against property interest rate starts at 12.64% per annum and may go up to 17.22% per annum for eligible applicants.
Interested applicants can understand the Bandhan Bank Finance LAP interest rate 2024 through the given table:
| Rate Package | Rate of Interest |
|---|---|
| Floater | 12.64%-17.22% p.a. |
| Fixed | 12.64%-17.22% p.a. |
Bandhan Bank Loan Against Property Eligibility Criteria
To qualify for a Bandhan Bank Loan Against Property, applicants must meet certain criteria including being an individual or business with ownership of the property. Eligibility is determined based on factors such as age, income stability, property value, and credit history. Meeting these requirements ensures a smooth approval process and access to the desired loan amount.
Listed below are the updated Bandhan Bank loan against property eligibility criteria that can help you understand your chances of getting such a loan from the bank:
For Salaried Individuals
Age Range (in years)
21 - 65 years
Nationality
Indian Residents
Minimum Income Earned
Steady Income
Credit Score
700 or above (preferred)
For Self-Employed Individuals
Age Range (in years)
21 - 65 years
Nationality
Indian Residents
Minimum Income Earned
Steady Income
Credit Score
700 or above (preferred)
Bandhan Bank Loan Against Property Fees and Charges
Bandhan Bank’s Loan Against Property involves various fees, including processing fees and legal costs. Understanding these charges upfront helps in budgeting and avoids unexpected expenses. Be sure to review all applicable fees to get a clear picture of the total cost associated with the loan.
Have a quick look at the Bandhan Bank loan against property processing fees and other charges through the table displayed below:
| Processing Fee | 0.25% to 1.00% depending on the scheme + GST |
| Administrative Fees | 0.25% to 1.00% depending on the scheme + GST |
| Login Fees | Rs. 3,500 + GST (Non-Refundable) |
| Income Tax Certificate | Will be provided once annually free of cost; Rs. 30 per copy + GST for each subsequent copy |
| Statement of Account | Will be provided once annually free of cost; Rs. 100 per copy + GST for each subsequent copy |
| CERSAI Charges | Rs. 100 per account + GST |
| Valuation Report Charges | Rs. 2,500 per property being offered as security to the bank |
| Prepayment Charges on Floater LAP Loans | Individuals: Nil; Non-Individuals: 2% of the outstanding loan + GST |
| Prepayment Charges on Fixed LAP Loans | For Erstwhile Gruh: Nil; For loans repaid more than 12 months prior: 2% of the outstanding principal + GST |
Compare Interest Rates on Loan Against Property for Top Banks & NBFCs
Comparing interest rates on loans against property from top banks and NBFCs helps you find the most reasonable option, potentially saving you money over the loan term. It allows you to evaluate various offers and select the one that best fits your financial needs. To help you in this matter, we are now highlighting the rate of interest and processing fee of Bandhan Bank and other top 5 financial institutions offering LAP:
- Rate of Interest - 12.64%-17.22% p.a.
- Processing Fee - 0.25% to 1.00% depending on the scheme + GST
- Rate of Interest - 10.40% - 12.75% p.a.
- Processing Fee - 1% of the loan amount or Rs. 10,000 (whichever is higher)
- Rate of Interest - 10.95% – 11.45% p.a.
- Processing Fee - Up to 1% of the loan amount + GST
- Rate of Interest - 10.85% - 12.50% p.a.
- Processing Fee - 1.50% of the loan amount or Rs. 11,000 (whichever is higher)
- Rate of Interest - 11.35% - 12.85% p.a.
- Processing Fee - 1% of the loan amount
- Rate of Interest - 11.50% p.a. onwards
- Processing Fee - 2% of the loan amount
Documents Required For Bandhan Bank Loan Against Property
To apply for a Bandhan Bank Loan Against Property, you will need to provide essential documents that verify your identity, income, and property ownership. These documents help the bank assess your eligibility and process the loan efficiently. Make sure to have all required paperwork ready to ensure a smooth and prompt application experience by being ready with the following Bandhan Bank loan against property documents:
| For Salaried Loan Applicants | Address Or Identity Proof: Voter ID Card, PAN Card, Aadhaar Card, Etc.
Income Proof: Salary Slips And Bank Account Statements For The Last 3 Months, Recent ITR/ Form 16, Etc.
Documents Of Property: Copy Of All The Property Documents Such As Title Deeds, Approved Plan, Proof Of No Encumbrance, Etc.
Other Documents: Application Form With Recent Passport-Size Photograph, Appointment Letter, Processing Fee Cheque, Declaration With Documents Mentioning The End Use Of The Loan, Etc. |
| For Self-Employed Loan Applicants | Address Or Identity Proof: Voter ID Card, PAN Card, Aadhaar Card, Etc.
Income Proof: ITR Or Form 16 For 3 Years, Form 26AS, P & L Account Statements And Balance Sheets For Last 3 Years, Savings Account Statement Of The Business Entity For Last 6 Months, Business Profile
Documents Of Property: Copy Of All The Property Documents Such As Title Deeds, Approved Plan, No Encumbrance Proof, Etc.
Other Documents: Application Form With Recent Passport-Size Photograph, Appointment Letter, Processing Fee Cheque, Visiting Card, Declaration With Documents Mentioning The End Use Of The Loan, Etc. |
How to Apply for Bandhan Bank Loan Against Property
People who have made up their minds to proceed with the Bandhan Bank loan against property apply online procedure can follow these easy steps and get a LAP from this emerging bank in India:
Apply Now on the BASIC Website
Visit the Apply Now section on the official website of BASIC Home Loan
Choose ‘Loan Against Property’
Scroll to the ‘Tell us about your requirements’ on the next displayed page and select ‘Loan Against Property’
Enter Your Details
Enter the asked details on the online form, and then click ‘Next’
Our Expert Will Reach Out to You
You will then be contacted by the BASIC Home Loan team for further process in applying for a Bandhan Bank Home Loan Against Property
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