Bandhan Bank Home Loan


Bandhan Bank provides home loans starting at 9.16% interest per year for amounts up to 90% of the property price. You can pay back the loan over a maximum of 30 years. They also have special home loan options for people who borrow through micro-banking, whether they have a job or not. loans are specifically for the construction of pakka and semi-pakka houses.

Bandhan Bank Home Loan Highlights

Interest Rate 9.16%- 15.00% p.a.
Processing Charges 0.25% – 1.00% + GST
LTV Ratio (Loan Amount) Up to 90% of property cost
Loan Tenure 5- 30 years

Pre Approved Home loan | Check Eligibility & Apply Online

Compare Interest Rates offered by other Lenders

Name of Lender Up to Rs. 30 Lakh Above Rs. 30 Lakh to Rs. 75 Lakh Above Rs. 75 Lakh  
SBI Bank 8.40% - 10.15% p.a. 8.40% - 10.05% p.a. 8.40% - 10.05% p.a. Apply Now
HDFC Bank Limited 8.40% p.a. onwards 8.40% p.a. onwards 8.40% p.a. onwards Apply Now
Kotak Mahindra Bank 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Apply Now
ICICI Bank 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards Apply Now
Federal Bank 8.80% p.a. onwards 8.80% p.a. onwards 8.80% p.a. onwards Apply Now
L&T Finance Limited 8.60% p.a. onwards 8.60% p.a. onwards 8.60% p.a. onwards Apply Now
Bajaj Housing Finance 8.50% p.a. onwards 8.50% p.a. onwards 8.50% p.a. onwards Apply Now
LIC Housing Finance 8.35% - 10.35% p.a. 8.35% - 10.55% p.a. 8.35% - 10.75% p.a. Apply Now
PNB Housing Finance 8.50% - 14.50% p.a. 8.50% - 14.50% p.a. 8.50% - 11.45% p.a. Apply Now
Punjab National Bank 8.45% - 10.25% p.a. 8.40% - 10.15% p.a. 8.40% - 10.15% p.a. Apply Now
Bank of Baroda 8.40% - 10.65% p.a. 8.40% - 10.65% p.a. 8.40% - 10.90% p.a. Apply Now
IDFC First Bank 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards Apply Now
Tata Capital Housing Finance 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Apply Now
Axis Bank 8.70% - 13.30% p.a 8.70% - 13.30% p.a 8.70% - 9.10% p.a. Apply Now
Godrej Housing Finance 8.55% p.a. onwards 8.55% p.a. onwards 8.55% p.a. onwards Apply Now

Also read: Best Home Loan in India

Bandhan Bank Home Loan Interest Rates

Home Loan Interest Rate (p.a.)
Su-awas Home Loan 13% - 15%
Suvidha Home Loan 9.16% - 13.33%
Sajavat Home Loan 9.16% - 13.33%
Suraksha Home Loan 9.16% - 13.33%

 

Types of Bandhan Bank Home Loan

Su-awas Home Loan

Purpose: Bandhan Bank offers home loans exclusively for micro-banking borrowers, both salaried and non-salaried, to build either solid (pakka) or partially solid (semi-pakka) houses.

Tenure: 3-10 years

Loan Amount: Up to Rs 10 lakh

Suvidha Home Loan

Purpose: Bandhan Bank provides home loans for construction, purchase, and extension of houses even to applicants who don't have formal income proof.

LTV Ratio: Up to 90% of property cost

Tenure: 5 - 30 years

Suraksha Home Loan

Purpose: Bandhan Bank offers a standard home loan scheme for buying, extending, or constructing a house.

LTV Ratio: Up to 90% of the cost of property

Tenure: 5 - 30 years

Sajavat Home Loan

Purpose: Bandhan Bank provides home loans specifically tailored for renovating and repairing existing houses, including tasks like plumbing, painting, or re-laying the roof.

Tenure: 5 - 15 years

LTV Ratio: Up to 80% of the cost of repair work

Also Read : Best Home Loan EMI Calculator

Bandhan Bank Home Loan Fees and Charges

Description Charges
Processing Fees 0.25% – 1.00% + GST
Login Fees Rs 3,500 + GST
Administrative Fees 0.25% – 2.00% + GST
Charges for Cheque Bounce Rs 500 + GST
Penal Interest 24% per annum
Rate of Interest Conversion Charges 0.50%- 1.25%of outstanding balance
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

Repayment mode swap charges Rs 500 + GST
Copy of Property Documents Rs 50 + GST
CIC Charges Rs 150 per individual + GST
Charges for registration of mortgage and release of charges Rs 750 + GST
Stamp duty and Statutory Charges At actuals as per applicable state laws
Miscellaneous/Legal Charges At actuals
CERSAI Charges

For creation: Rs 100 + GST

For satisfaction: NIL

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
Income Tax Certificate Provided once annually free of cost   Rs 30 + GST for subsequent requests
Account Statement Provided free of cost once annually   Rs 100 + GST for subsequent requests
Pre-payment Charges on Fixed Rate of Interest

For loans repaid in less than 12 months, there's a charge of 4% of the outstanding principal plus GST.

For loans repaid in more than 12 months, the charge is 2% of the outstanding principal plus GST.

However, for cases disbursed under the previous Gruh scheme and upon submission of proof of self-sourced funds, there are no charges.

Also read: Best Home Loan Fees and Charges

Eligibility Criteria for Bandhan Bank Home Loan

  • Age - 23 years to 65 years
  • Type of Employment - Salaried and self-employed
  • Nationality - Resident Indian

Also Read : Best Home Loan Eligibility

Documents Required for Bandhan Bank Home Loan

For salaried:

  • Identity proof
  • Property-related documents
  • Residential address proof
  • Existing loans repayment details
  • Last three months' salary slips
  • Last six months' bank statements

For self-employed:

  • Business details
  • Identity proof
  • Residential address proof
  • Existing loans repayment details
  • Last six months' bank statements

Also Read : Best Home Loan Documents Required

Frequently Asked Questions

Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.

Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.

The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.

Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.

The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.