Bandhan Bank Home Loan Interest Rate

Bandhan Bank, one of the country's fastest-growing banks, has been offering home loans for the acquisition of a new house, building, repair, and extension. When compared to other lenders, the Bandhan Bank home loan rates of interest are competitive and cheap. However - keep in mind that rates may vary depending on the borrower's credit profile and eligibility.

Characteristics of the Bandhan Bank Home Loan

If you are looking for a home or want to build your own, Bandhan Bank home loans may be of interest to you. Bandhan Bank offers affordable home loan interest rates. Among the qualities and benefits are:

  • Flexible repayment terms of up to 15 years are available.
  • Balance transfer service.
  • Service at your door.
  • Documentation is simplified, and approvals are processed quickly.
  • Interest rates that are appealing.
  • Loans are available for salaried and self-employed people aged 23 to 65.

Bandhan Bank Home Loan Interest Rate 2022

Here is a table of Bandhan Bank home loan interest rates-

Home Loan Type

Bandhan Bank Home Loan Interest

Suvidha Home Loan

10.15%-13.15%

Sajavat Home Loan

10.65%-13.15%

Suraksha Home Loan

7.80%-12.90%

Su-was Home Loan

11.50%-13.50%

 

Purposes of the Bandhan Bank Home Loans

  • Residential property purchase (new or resale)
  • Loan for self-construction on own property Repair and remodelling
  • Loan supplement
  • Loan for House Extension

Types of Bandhan Bank Home Loans

There are different home loans from Bandhan Bank with Bandhan home loan interest rate, and the list of the varied loans are here-

1) Suraksha Home Loan

The Suraksha Home Loan is a scheme that is aimed at providing the capacity to purchase, extend, or construct a house. It can compensate up to 90% of the cost of the property. The tenure of this loan is from 5 years to 30 years.

2) Su-was Home Loan

The Su-awas Home Loan scheme is for the construction of semi-pakka houses, pakka, and it is exceptionally for micro banking borrowers - for both salaried and non-salaried individuals. The period of the loan is from 3 years to 10 years. The loan amount is up to Rs. 10 lakhs.

3) Suvidha Home Loan

The Suvidha Home Loan scheme is to buy, extend, or construct houses. The loan can provide up to 90% of the property cost. It has a repayment tenure of 5 to 30 years.

4) Sajavat Home Loan

The Sajavat Home Loan aims at the repair and renovation of the existing house, such as the plumbing, re-laying, painting, and more. The loan scheme serves up to 80% of the repair cost of repair work. The tenure of 5 to 15 years.

Who is Eligible for Bandhan Bank Home Loan?

  • You need to be at least 23 years old at the time of application, and the maximum age limit at loan maturity is 65 years old or retirement age, whichever comes first.
  • You need to have a regular source of income and be salaried, self-employed professional, or self-employed non-professional.
  • Individuals may apply individually or jointly with family members.

Documents Required for the Bandhan Bank Home Loan

  • Application form
  • Photo ID
  • Salary slip
  • Form 16
  • Passbook of the bank (copy)
  • Salary certificate (when there is no salary slip)
  • A copy of the rent agreement
  • KYC documents

Additional Documents Required

  • Permission from the relevant authority for non-agricultural activities.
  • The prior owner's ownership documentation.
  • The most recent photograph of the property.
  • Copy of the sale agreement/sale deed/amenities agreement/construction agreement
  • Proof of ownership can be found in revenue records such as Form 8-A, Form 7/12, and Form 6, as well as a property card.
  • Receipt of money paid as a down payment on a home.
  • Construction plan approved, including layout plan, construction permission, and estimate.

Bandhan Bank Home Loan Customer Care

To contact Bandhan Bank's customer support, phone their toll-free number- 18002588181, 03344099090 (paid).

You can also email [email protected].

How to Apply to the Bandhan Bank Home Loan?

There are two methods to apply to the home loan from Bandhan Bank:

  • Online Method: You can visit the official portal, and find the home loan form in the loan section.

  • Offline Method: You could also visit the Nearest Bandhan Bank branch and seek the assistance of the bank's representative.
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