Bandhan Bank Home Loan

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.

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

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.

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

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.

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

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.

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.

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 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.