Bandhan Bank Home Loan 2025
Bandhan Bank home loans might be your way to homeownership. The bank offers competitive interest rates, starting at 9.16% per annum. The range of interest rates can go from 8.91% per annum to 15.00% per annum, depending on your profile.
Bandhan Bank Home Loan
Willing to finance up to 90% of the value of the dream home? Then, probably, Bandhan Bank home loans might be your way to homeownership. The bank offers competitive interest rates, starting at 9.16% per annum.
The bank allows repayment for 30 years so that the EMIs remain comfortable for repayment with Specialized plans like Suraksha, Sajavat, Su-awas, and Suvidha, catering to your distinct requirements, which can be availed of by you. The range of interest rates can go from 8.91% per annum to 15.00% per annum, depending on your profile.
Let us now go through every important detail regarding home loans from Bandhan Bank: interest rates, eligibility criteria, documentation, and processing fees, etc., so as to make an informed decision.
Key Features of Bandhan Bank Home Loans
- Competitive Interest Rates: The bank, offing home loans at highly competitive interest rates with starting rate of 9.15% per annum, thus certainly ranks among the most attractive choices available in the marketplace.
- Flexible Loan Tenure: The borrower can opt for a repayment period ranging from 1 year to 30 years, allowing manageable EMIs to be worked out through a suitable choice of tenure.
- High Loan-to-Value Ratio: A loan of up to 90% of the cost of the property is provided by the bank, thereby lessening the initial burden on the borrower.
- Minimal Documentation: Simple documentation procedures will help in quick loan approvals with less hassle.
- Insurance Facility: There is an optional plan for the insurance of the borrower’s interests.
Bandhan Bank Home Loan Interest Rates
Understanding the numbers plays a vital role in choosing a Bandhan Bank home loan. The bank provides competitive interest rates that change based on your financial profile and loan scheme.
Here’s a simple breakdown of interest rates for different schemes:
| Loan Scheme | Interest Rate Range |
| Suraksha Home Loan | 8.91%-13.08% |
| Sajavat Home Loan | 9.16% – 13.33% p.a. |
| Su-awas Home Loan | 13%-15% |
| Suvidha Home Loan | 8.91% – 13.08% p.a. |
Your credit score largely decides your final interest rate. A good credit history can lower your borrowing costs by a lot. To cite an instance, see how a Delhi borrower with a CIBIL score above 750 might get a rate near the minimum range. Someone with a score below 700 might need to pay higher rates.
Exploring Bandhan Bank Home Loan Schemes
Bandhan Bank offers tailored home financing solutions that meet various housing needs and financial situations. Their schemes address specific requirements, from simple home purchases to specialized financing without formal income proof.
Suraksha Home Loan is the bank’s flagship home financing option. This versatile product helps finance your home purchase, construction, or extension with up to 90% of property cost coverage. The loan tenure ranges from 1 to 30 years, making it perfect for young professionals buying their first home and families upgrading to larger properties.
Sajavat Home Loan helps you renovate your home effectively. The scheme becomes especially useful when you need repairs like plumbing, roof re-laying, or painting. You can transform your existing home without financial pressure with funding up to 80% of repair costs and repayment periods extending to 15 years.
Su-awas/Su-awas Saral/Suniwas Home Loans showcase Bandhan Bank’s steadfast dedication to financial inclusion. These schemes help micro-banking borrowers who have finished at least one loan cycle. The programs support the construction of pakka/semi-pakka houses with fixed interest rates, loan amounts from ₹1 lakh to ₹10 lakh, and tenures up to 10 years.
Suvidha Home Loan brings innovation to the Indian home loan market. The scheme needs no formal income documentation, unlike traditional mortgages. Your loan eligibility depends on actual cash flow analysis instead of standard income proof. Self-employed individuals, small business owners, and professionals with irregular income patterns can now access homeownership easily. The loan covers up to 90% of property cost (including land and construction) with tenures from 1 to 30 years.
Bandhan Bank home loan schemes need minimal documentation and process quickly, creating a smooth path to homeownership whatever option fits your situation best.
Bandhan Bank Home Loan Fees and Charges
Bandhan Bank home loans stand out in the crowded mortgage market because of their transparent fees and charges. You should understand these costs before applying to avoid surprises during your home-buying trip. Let’s get into all the expenses that come with your Bandhan Bank home loan.
| Description | Charges |
| Processing Fee | Up to 1% of the loan amount |
| Login Fee | Rs. 3,500 + GST |
| Administration Charges | 0.25% – 2% depending on scheme + GST |
| Cheque Bounce Charges | Rs. 500 + GST |
| Interest Rate Conversion Charges | 0.50% to 1.25% of the outstanding balance |
| Income Tax Certificate | Free of cost once annually, and Rs. 30 + GST/ copy for subsequent requests |
| Valuation Report Charges | Rs. 2,500 per property being offered as security to the Bank |
| CERSAI Charges | Rs. 100 per account + GST |
| CIC Charges | Rs. 150 per individual + GST |
| Penal Interest | 24% per annum |
| Foreclosure Charges | Fixed: 4% of the outstanding loan amount + GST for loans < 12 months/ 2% of the outstanding loan amount + GST for loans> 12 months
Floater: Nil |
These fees help you calculate your Bandhan Bank home loan’s actual cost beyond the interest rate.
Eligibility Criteria for Bandhan Bank Home Loan
Getting approved for your Bandhan Bank home loan starts with meeting the basic requirements. You can save time and boost your chances of approval by knowing these criteria upfront. Let’s get into what you need to qualify.
| Criteria | Details |
| Applicant Type | Salaried individuals, Self-employed professionals, Business owners |
| Age Criteria | Salaried: 21 to 60 years (loan tenure must end before retirement)
Self-employed: 21 to 65 years |
| Minimum Income | As per bank norms (varies by location and loan amount) |
| Employment Stability | Salaried: Minimum 2 years of work experience with 1 year in the current job
Self-employed: Minimum 3 years of business continuity |
| Loan Amount | Based on income, repayment capacity, and property value |
| Credit Score | 700+ recommended for better approval chances |
| Su-awas | Micro-banking borrowers with a minimum of 1 complete loan cycle |
Documents Required for Bandhan Bank Home Loan
Getting your documents ready early will accelerate your Bandhan Bank home loan approval by a lot. You need specific documents so the bank can verify your identity, income, and property details before approving your loan. Let’s help you get your paperwork organized for a smooth approval process.
| Document Category | Salaried Individuals | Self-Employed Individuals |
| Basic KYC | Photo ID, address proof, and age proof | Photo ID, address proof, and age proof |
| Income Proof | 3 months salary slips, Form 16, PF statement | 3 years audited accounts, ITR for last 3 years |
| Financial Records | Bank statements (6 months), investment proofs | Bank statements (6 months), business note with photos |
| Professional Details | Employer visiting card, salary certificate if no slips | Professional degree certificate, business license |
The Suraksha, Sajavat, and Suvidha schemes need a completed loan application form with recent photographs and a cheque for processing charges. These schemes also require a Customer Relationship Form with your latest photograph.
The Su-awas Home Loan scheme offers more flexibility with simpler documentation requirements. Self-employed applicants who earn less than ₹25,000 monthly can submit a self-declared income statement using the bank’s format instead of formal income proofs.
You’ll also need these property-related documents:
- Approved construction plan with cost estimates
- Copy of sale deed or agreement to sell
- Ownership documents of previous property owners
- Latest property photographs
- Margin money payment receipts
Remember to self-attest all documents. Keep copies of everything you submit to Bandhan Bank for your records.
Your Bandhan Bank home loan processing will move faster when you have these documents ready. This brings you closer to owning your dream home in cities like Mumbai, Delhi, or Kolkata.
Conclusion
The home loans of Bandhan Bank come at very competitive interest rates that begin right from 8.91% p.a., and there are also flexible repayment options for up to 30 years. The unique schemes like Suraksha, Sajavat, Su-awas, and Suvidha would cater to the requirements of various types of borrowers and help make home ownership affordable to all income segments across the country.
There is a high possibility that you would find the bank’s process of documentation to be quite different from that of other banks. For example, in the case of the Suvidha scheme, no formal income proof is required, which demonstrates the bank’s commitment to inclusive lending within the space of finances. There is a wide range of loan products available from Bandhan Bank that can be matched to suit individual requirements for salaried professionals in Mumbai and self-employed individuals in Delhi.
Your dream house might be nearer than you think. The bank offers up to 90% property value financing with transparent fee structures. Take time to compare their different schemes to find one that fits your financial situation perfectly.
