Home Loan Bank: Bandhan Bank

The added advantages of applying for a home loan from Bandhan Bank are minimal documentation, quick loan procedure, expert advice related to the various queries of the customers, minimal processing fees and nil prepayment charges.

Bandhan Bank Home Loan Interest Rate in Bangalore

Base Interest Rate 7.80% to 13.50%
Maximum Tenure 5 years to 30 years
Processing Fee 0.25% to 1.00% depending on scheme+ GST
Prepayment and Foreclosure
Charges If applicant and co-applicant(s) are ‘individual’ category: NIL charges
Age Limit Min 23 years and Max 65 years

Bhandhan Bank Home Loan Checklist in Bangalore

KYC Documents
  • Age Proof – Pan card
  • Residential address proof - Aadhar
  • One passport size photograph
  • Copy of rent agreement (if applicable) 
Income Documents and Bank Statement

For Self-employed – for both applicant and co-applicant

  • Net worth of statement of partners/ directors
  • 12 months bank statement
  • ITR for last 2 and 3 years
  • Audited for last 2 or 3 years (as applicable) along with all schedules and annexure and tax audit report

For Salaried – for both applicant and co-applicant

  • Latest 3 months’ salary slips
  • Copy of ITR / Form 16 of last 3 years (where applicable)
  • Last 6 months bank statement
  • Copy of the current appointment letter for stability in present job less ta 6 months
Additional documents required in case of Balance Transfer of Home Loan
  • Existing Loan repayment track record (RTR)
  • In case of Balance Transfer – Sanction letter
  • LOD (List Of Document) from existing bank
Property documents
  • Cost breakup letter from the builder
  • Photocopies of all title deeds, originals to be kept ready for verification
  • Sales agreement and construction agreement copies
  • Copy approved sanctioned plan
  • Estimated of construction

Request A Call Back

    Apply Bhandhan Bank Home Loan




      Home Loan - EMI Calculator

      Why choose Bandhan Bank Housing Loan

      Compared to other lenders, the Bandhan Bank home loan rates of interest are competitive and cheap, as the country’s fastest growing banks, Bandhan Bank has been offering home loans for the acquisition of a new house, building, repair, and extension.

      Benefits of taking Bandhan bank housing loan

      When you opt for a Home Loan, you can enjoy the following benefits:

      • Taxation: A Home Loan allows you to claim income tax deductions on the interest and principal amount due. Under the Income Tax Act, 1961, as per Section 80C, you can claim up to INR 1.5 lakh on principal repayments, and up to INR 2 lakh on interest repayments under Section 24B. You can avail of other tax benefits via a Home Loan, as well.
      • Interest Rate: When compared to the various kinds of loans available, the interest rate on a Home Loan is relatively lower. Plus, in case of a cash crunch, you can also apply for a Top-Up Loan in addition to the existing Home Loan.
      • Due Diligence: When you apply for a Home Loan, banks check the property from a legal standpoint and ensure that the documents are valid and the title is clear. This step can prevent you from being scammed and passing this due diligence can validate your property.

      Different types of loan provided by Bandhan Bank

      Suvidha Home Loans
      Bring home the convenience of a loan without a formal income proof, income for loan amount assessed based on the applicant’s cash flow. Suvidha Home Loans meant for purchase, extend or construct of a house.

      These include loans for:

      • Purchase of a new apartment, row house or bungalow from a developer or a
      • Development authority.
      • Purchase of resale properties.
      • Construction of a house on a plot of land.

      Sajavat Home Loan
      Whether you wish to make structural changes, repairs, or renovate a particular room’s interior, a Sajavat home loan can cover the 80% costs of renovation/ repair work, with the repayment flexibility of 5 years to 15 years tenure.

      Suraksha Home Loans
      Take a step towards owning your dream home with minimum documentation and avail the loan for purchase/ construction /extension of house with the formal income proof.

      Su-was Home Loan
      If you are a micro banking person and looking for Pakka or Semi Pakka home loan then you are in the right place, you can avail up to 10 lacs for your house construction renovation with the loan tenure of 5 years to 10 years.

      Bandhan Bank balance transfer of existing loan at competitive interest rate

      Bandhan Bank offers Balance Transfer Loans at attractive interest rates to lower your loan repayments. Move your Home Loan outstanding balances to Bandhan Bank, pay lower monthly instalments and enjoy the savings for the other things in life that really matter to you and your family.

      Balance Transfer Benefits

      • Duly filled simple application form.
      • Home loan approval in 4 simple steps.
      • Customized Repayment Options
      • Tailor-made home loans to suit your requirements.
      • Easy documentation
      • Apply with minimal documents, save time and effort.
      • 24×7 assistance
      • Connect with us on Chat, WhatsApp anytime, anywhere
      • Online loan account
      • Login to your account to conveniently manage your loan

      Bandhan bank housing loan FAQ’s