Bandhan Bank Home Loan
Bandhan Bank Home Loans starting at just 9.16% p.a.
Bandhan Bank offers a comprehensive home loan solution tailored to meet the diverse needs of prospective homeowners. Read More...
Bandhan Bank Home Loan Highlights
| Loan Amount | Upto ₹20 cr |
|---|---|
| Tenure | Upto 30 years |
| Rate of Interest | 9.16% onward |
| Processing Fee | Upto 1% of the loan amount |
| Max Tenure | 30 years |
| Foreclosure Charges | Nil |
Bandhan Bank Home Loans Comparison Table
Compare Bandhan Bank Home loan interest rates with other lenders to find the best deal. See how Bandhan Bank competitive rates stack up in our comprehensive comparison table.
| Name of Lender | Amount Up to | Interest Rate | Tenure |
|---|---|---|---|
| Axis Bank | ₹10 cr | 8.75% Onwards | Up to 20 years |
Bandhan Bank Home Loan EMI calculator
Enter the loan amount, interest rate, and loan tenure into the Bandhan Bank home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.
EMI: ₹63,337.89
Total interest: ₹26,00,546.8
Total principal: ₹50,00,000
Bandhan Bank Home Loans Eligibility
Check Your Eligibility for Bandhan Bank Home Loan
Suraksha Home Loan
Sajavat Home Loan
Su-awas Home Loan
Suvidha Home Loan
Suraksha Home Loan
Purpose: Regular home loan scheme for purchase/extension/construction of house
LTV Ratio: Up to 90% of the cost of property
Tenure: 1-30 years
Bandhan Bank Home Loan Fees and Charges
| Description | Charges |
|---|---|
| Login Fees | Rs 3,500 + GST |
| Processing Fees | Up to 1% |
| Administrative Fees | 0.25% – 2.00% + GST |
| Pre-payment Charges on Fixed Rate of Interest | For loans repaid less than 12 months- 4% of outstanding principal + GST For loans repaid more than 12 months- 2% of outstanding principal + GST For cases disbursed under Erstwhile Gruh subject to submission of documentary proof of own source of funds- NIL |
| Pre-payment Charges on Floating Rate of Interest | If applicant and co-applicant are individuals- NIL For one or more non-individuals applicants- 2% + GST |
| Rate of Interest Conversion Charges | 0.50%- 1.25% of outstanding balance |
| Charges for Cheque Bounce | Rs 500 + GST |
| Penal Interest | 24% per annum |
| Account Statement | Provided free of cost once annually Rs 100 + GST for subsequent requests |
| Income Tax Certificate | Provided once annually free of cost Rs 30 + GST for subsequent requests |
| CERSAI Charges | For creation: Rs 100 + GST For satisfaction: NIL |
| CIC Charges | Rs 150 per individual + GST |
| Valuation Report Charges | Rs 2,500 per property offered as security to the bank |
| Technical Inspection Charges | Rs 1,000 per visit for local + GST Rs 1,500 per outstation + GST |
| Search Report and TCC Charges | Rs 2,000 per property offered as security to the bank |
| Charges for registration of mortgage and release of charges | Rs 750 + GST |
| Repayment mode swap charges | Rs 500 + GST |
| Copy of Property Documents | Rs 50 + GST |
| Stamp duty and Statutory Charges | At actuals as per applicable state laws |
| Miscellaneous/Legal Charges | At actuals |
How to Apply for Bandhan Bank Home Loan?
Prospective borrowers interested in an Bandhan bank home loan have the option to apply online either through the bank's official website, as outlined below:
Apply here
Via the Bandhan Bank Official Website
- Visit the Bandhan Bank Home Loan official website.
- Click on Apply now
- Enter the necessary details to determine the eligible loan amount.
- Complete the required information on right side and tap "Submit".
Documents Required for Bandhan Bank Home Loan
Following is the list of documents required for different categories of customers
Bandhan Bank Home Loan list of documents for Salaried
Bandhan Bank Home Loan list of documents for Self-employed professionals
Bandhan Bank Home Loan list of documents for Self-employed
Bandhan Bank Home Loan list of documents for Farmers
Bandhan Bank Home Loan list of documents for NRIs
Bandhan Bank Home Loan list of documents for Salaried
- Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
- Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
- A Cheque for The Processing Fee for The Loan Application.
- Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.
Property Related Documents
For New Home- Allotment letter copy/Buyer agreement
- Payment receipt made to the developer
- Title deeds including previous chain of property documents
- Agreement to sell copy
- Initial payment receipt made to the seller
- Title deed of plot
- Copy of the plan approved by Local Authorities
- No encumbrance proof on the property
- The total estimate of construction by a Civil Engineer/Architect
Bandhan Bank Home Loan FAQ’S
Here are some of the frequently asked questions with regards to Bandhan Bank Home Loan
What is the current interest rate for Bandhan Bank home loans?
Bandhan Bank offers home loans starting from 9.16% p.a., varying based on the applicant's credit profile.
How do I calculate the interest cost for my Bandhan Bank home loan?
You can determine the interest cost using the Bandhan Bank Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.
What factors contribute to the fluctuation of Bandhan Bank home loan interest rates?
Bandhan Bank adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing Bandhan Bank home loan borrowers. Additionally, Bandhan Bank may modify the spread over benchmark rates during special or festive home loan offers.
Who is eligible to be a co-applicant for an Bandhan Bank Housing Loan?
Co-owners of the property must also be co-applicants for the Bandhan Bank Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.
Can I make early payments toward my outstanding home loan amount?
Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. Bandhan Bank does not impose prepayment charges on home loans with floating interest rates.
How can I lower my Bandhan Bank Home Loan interest rate?
You can reduce your Bandhan Bank Housing Loan interest rate by transitioning from a higher interest rate to a lower one. Bandhan Bank charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.
What are the pre-closure charges for Bandhan Bank home loans?
Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.
What is the disbursement process for Bandhan Bank Home Loans?
After property and document verification and completion of the 'own contribution' or down payment, Bandhan Bank sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.
Is my spouse's income considered in calculating the home loan amount?
Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to Bandhan Bank for consideration.
What is the minimum credit score required for Bandhan Bank Home Loan applicants?
While Bandhan Bank doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.
Can I secure home loan approval while still deciding on a property?
Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.
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