✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

The Bandhan Bank Home Loan is a financial offering provided by Bandhan Bank, a leading private sector bank in India. It can be used to buy or construct your dream home. Aside from these, the Bandhan Bank Housing Loan, can be used to renovate or extend an existing property, and meet other housing-related requirements.

The Bandhan Bank Home Loan caters to the diverse needs of homebuyers with flexible loan options and attractive features. In addition, you can apply for a Bandhan Bank Home Loan quickly, thanks to its simplified loan application process. Read on for more about the home loan interest of Bandhan Bank and other essential Bandhan Bank Home Loan details.

Bandhan Bank Home Loan Interest Rate & Charges 2024

The Bandhan Bank Home Loan interest rate and charges are as follows:

Bandhan Bank Home Loan

Interest Rate

9.15%- 15.00% p.a.

LTV Ratio (Loan Amount)

Up to 90% of property cost

Tenure

Up to 30 years

Processing Fees

0.25% – 1.00% + GST

Administrative Fees

0.25% – 2.00% + GST

Charges for Cheque Bounce

₹500 + GST

Disclaimer: Above-mentioned rates and charges are subject to change at the lender’s discretion.

Compare Bandhan Bank Home Loan With Other Lenders

To borrow wisely and efficiently, it is well worth it to compare offers from other leading lenders in the market. As such, take a look and weigh the home loan interest rates by Bandhan Bank against those offered by partners of Bajaj Markets.

Home Loan Providers

Interest Rates

Bajaj Housing Finance Limited

8.50% p.a. onwards

Home First Finance Company

9.50% p.a. onwards

ICICI Bank

9.00% p.a. onwards

India Shelter

10.50% p.a. onwards

Kotak Mahindra Bank

9.00% p.a. onwards 

LIC Housing Finance

8.65% p.a. onwards

PNB Housing Finance Limited

8.50% p.a. onwards

Shriram Housing Finance

11.50% p.a. onwards

Shubham Housing Finance

10.90% p.a. onwards

Union Bank of India

8.50% p.a. onwards

Disclaimer: Above-mentioned rates are subject to change at the lender’s discretion.

Bandhan Bank Home Loan EMI Calculator

Loan Amount
Tenure
  • Months
  • Years
Rate of Interest
%

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

Your home loan EMI is based on various factors, such as the:

  • Loan amount

  • Tenure

  • Interest rate

Hence, it is important to plan your finances effectively and compare different banks' home financing options before opting for a home loan at Bandhan Bank. The home loan EMI calculator at Bandhan Bank helps do just that, and helps you understand your outgo.

Simply put, the Bandhan Bank Home Loan EMI calculator offers a simple and convenient process with fast results. Just input your loan details, including the loan amount, interest rate, and tenure. 

Then, click on the ‘Calculate’ button to determine your EMI accurately. This process helps you understand the eligibility parameters and speeds up the Bandhan Bank Home Loan process.

Documents Required for a Bandhan Bank Home Loan

Understanding what Bandhan Bank Home Loan documents are required is crucial as it helps in hassle-free loan disbursement. The following Bandhan Bank Home Loan documents are required when applying for a housing loan:

  • Loan application form with a recent photograph

  • Cheque for applicable processing charges

  • Customer Relationship Form with a recent photograph

  • Proof of photo ID, address, and age (Aadhaar card, PAN card, Passport, etc.)

Submit the following documents if you are a salaried individual:

  • Salary slips for the past 3 months

  • Latest Provident Fund (PF) statement

  • Form 16 

  • Copy of Income Tax Return (ITR) filed for the last three years

  • Photocopies of investments and life insurance policies

  • Bank passbook copy for all bank accounts with entries for the last 6 months

  • Credit card copy with the latest monthly statement

  • Copy of rent agreement, if you live in rented premises

The following documents are required for self-employed individuals

  • Copy of audited/certified accounts for the last three financial years

  • Filed copies of ITR for the last three years

  • Business details according to Bandhan Bank's format, along with photos of your business location

  • Copies of investments and LIC policies

  • Bank passbook copy for all bank accounts with the latest entries for the last 6 months

  • Credit card copy with the latest monthly statement

  • Rent agreement of your business place, if applicable

  • Shops and Establishment licence if you are running a commercial entity

  • Copy of professional degree/qualification certificate

  • Shareholding pattern or partnership deed of the entity

  • Visiting card

Bandhan Bank Home Loan Eligibility

To be eligible for a Bandhan Bank Home Loan, you must meet the following Bandhan Bank Home Loan eligibility criteria:

  • Age: You must be between 21 years and 75 years of age at the time of loan maturity

  • Type of Employment: You can be either salaried or self-employed

  • Nationality: You must be a Resident Indian.

Features and Benefits of Bandhan Bank Home Loans

Here are a few features and advantages you can get when you avail a home loan from Bandhan Bank:

Competitive Bandhan Bank Housing Loan Interest Rates

Bandhan Bank offers affordable interest rates on its home loans, making repayment easier for you.

Flexible Repayment Options

Bandhan Bank provides flexible repayment options, allowing you to choose a repayment tenure that suits your financial situation and convenience.

Loan Amount

Bandhan Bank offers home loans with a substantial loan amount, enabling you to finance the purchase or construction of your dream home.

Quick Loan Approval

Bandhan Bank ensures a fast loan approval process with minimal documentation, allowing you to get your home loan approved quickly and conveniently.

Types of Home Loan Schemes Offered by Bandhan Bank

Bandhan Bank offers various types of home loans to cater to the different needs of borrowers. The types of Bandhan Bank Home Loans include:

  • Suraksha Home Loan: This is a regular home loan scheme designed for the purchase, construction or extension of a house. You can get a Loan-to-Value (LTV) ratio of up to 90% of the cost of the property, with a maximum tenure ranging from 5 to 30 years.

  • Sajavat Home Loan: This home loan provides funding for the renovation and repair of existing houses, including plumbing, painting, or re-laying the roof. The LTV ratio offered is up to 80% of the total cost of repair work. The tenure options range from 5 to 15 years.

  • Su-awas Home Loan: This home loan is designed exclusively for micro-banking borrowers for constructing pakka/semi-pakka houses. It is available for both salaried and non-salaried individuals. This loan has tenure options ranging from 3 to 10 years.

  • Suvidha Home Loan: This home loan is ideal if you do not have formal documents for income proof to construct or purchase your house. The LTV ratio offered is up to 90% of the property cost, and the tenure ranges from 5 to 30 years.

How to Apply for a Bandhan Bank Housing Loan Online

To avail a Bandhan Bank Home Loan online, apply by following the steps below:

  • Step 1: Visit the official website of Bandhan Bank

  • Step 2: Scroll down to the “Personal Banking” section and find the 'Home Loan' option

  • Step 3: Click on 'Apply Now' 

  • Step 4: Fill in the required information in the online application form, such as personal details, employment details, etc

  • Step 5: Review the information entered and make sure you enter the KYC details accurately

  • Step 7: Enter the Captcha code and click on ‘Save’ 

That’s all, and you can wait for a call from the representative of Bandhan Bank to process the application further.

Bandhan Bank Customer Care

Bandhan Bank has established a dedicated customer care department to effectively handle customer grievances, queries, and complaints. You can contact the bank's qualified customer care team at 1800 258 8181 or 033 4409 9090.

Additionally, you can click on the ‘Get a Call Back’ option and wait for the bank representative to get in touch with you.

Disclaimer

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs About the Bandhan Bank Home Loan

Does Bandhan Bank check CIBIL for a home loan?

Yes, Bandhan Bank typically checks the credit score and credit history of applicants through CIBIL as part of their home loan application process.

What is the maximum loan tenure I can opt for under a Bandhan Bank House Loan?

The maximum loan tenure that you can opt for under Bandhan Bank Housing Loan varies depending on the specific loan scheme and your profile. Generally, it can range from 5 years to up to 30 years.

Can I transfer my house loan from another bank to Bandhan Bank?

While the process is not clearly mentioned on the bank website, you can contact the customer care team and get your query regarding the balance transfer option resolved.

Can I club the income of my spouse with mine and apply for a Bandhan Bank Joint Home Loan?

Yes, Bandhan Bank offers joint home loans where you can club the income of your spouse or any other co-applicant with yours to increase loan eligibility and jointly apply for a home loan.

How do I repay my Bandhan Bank Home Loan?

Bandhan Bank offers flexible repayment options on their home loans, using which you can repay in affordable EMIs.

What is the maximum limit of a Bandhan Bank Home Loan?

The maximum limit of Bandhan Bank Home Loan depends on the specific loan scheme, your profile, and the property value. It is best to check with the bank or use their home loan eligibility calculator to determine the maximum loan amount you can avail.

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