Bandhan Bank Home Loan

Loan Amount
Interest Rate10.20%
Tenure15 Years
Processing Charges1% of Sanctioned Amount or Minimum Rs. 5,000.
Pre-closure Charges

Why Choose Bandhan Bank?

With a desire to serve better, Bandhan Bank has successfully made its name in the already competitive Indian bank scenario. If the borrowers have a dream of buying a new or resale housing property, constructing a house on a self-owned plot, repair or renovate their house, then Bandhan Bank takes them one step closer to fulfilling their dreams.  


Bandhan Bank Home Loan Products

Bandhan Bank Home Loan

Bandhan Bank is one of the leading banking and financial services company in India. The bank offers home loans for buying new house/flat, renovation, buying plot, construction, etc. These loans are offered at lucrative interest rates and affordable EMIs. The whole process of applying a home loan is easy and involves minimal documentation. 

Key Features –

  • Borrowers can avail a home loan for – house extension, buying a new/resale property, repair & renovation loan, top-up loan, constructing a house on self-owned plot. 
  • Doorstep assistance. 
  • Flexible repayment tenure i.e. up to 15 years. 
  • Balance Transfer facility. 
  • Attractive interest rate of 10.20%. 
  • Easy and hassle-free documentation process. 
  • Quick approvals. 
  • Home Loans are available for both salaried and self-employed borrowers. 

Eligibility –

  • Minimum age of the borrower should be 23 years and the maximum should be 65 years or retirement age, at the time of loan maturity, whichever is earlier. 
  • Home Loan can be availed by salaried/self-employed professionals/self-employed non-professionals. 
  • The property should be insured against fire and Allied perils throughout the entire tenure of the loan.

Documents – 

  • The borrower need to submit valid KYC ID address and age proof. 
  • The borrower have to submit the details of the property to be purchased or constructed. 
  • Documents related to the income should be submitted by the borrower. 
  • Repayment track record of the existing home loans should be shared by the borrower. 
  • Statements of the operative bank accounts for the last 6 months. 

Charges

  • The charges for loan processing is 1% of the loan amount. The minimum amount will be of Rs. 5,000 + taxes as applicable. 
  • The borrowers will have to pay Rs. 500+applicable service taxes in case the cheque bounces. 
  • Charges for late payment/overdue is 2% per month on EMI outstanding plus taxes as applicable. 
  • The swapping charges are Rs. 500+taxes as applicable. 
  • The charges for foreclosure statement is Rs. 100+taxes as applicable. 
  • The borrowers will have to pay Rs. 500+taxes as document retrieval charges. 
  • Foreclosure charges on fixed rate for less than 12 months are 4%+taxes as applicable. As for greater than 12 months, it is 2%+taxes as applicable. 
  • In case the borrowers are looking to have a duplicate NOC, then in this case, they have to pay Rs. 300+taxes as applicable. 
  • For re-appraisal of loan, charges are Rs. 2,000+taxes as applicable. 

Tenure – 

The tenure of the home loan can be up to 15 years, it depends on two factors – the age and the profile of the borrowers. 


MCLR

  • Overnight – 10.05% 
  • 1 Month – 10.07% 
  • 3 Months – 10.11% 
  • 6 Months – 10.12% 
  • 1 Year – 10.20% 
  • 2 Years – 10.61% 
  • 3 Years – 10.74%

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