Bandhan Bank Home Loan Interest Rate
Looking for an affordable home loan? The Bandhan Bank home loan interest rate offers competitive terms to help you achieve your dream of owning a home. With attractive housing schemes such as Suraksha and Su-awas scheme, the Bandhan Bank home loan rate of interest starting at 9.16% per annum is designed to fit a variety of financial needs. Whether you're a first-time buyer or looking to upgrade, the home loan interest rate Bandhan Bank provides ensures flexibility by offering a loan tenure of up to 30 years. Explore Bandhan Bank’s loan plans today to make your homeownership journey easier!
Bandhan Bank Home Loan EMI Calculator
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Bandhan BankHome Loan Key Highlights
| Amount of Loan | Up to 90% of the property value |
|---|---|
| Rate of Interest | 9.16% - 15.00% per annum |
| Processing Fees |
Up to 1% of the loan amount |
| Max Tenure for Loan Repayment | 30 years |
Bandhan Bank Home Loan Interest Rates in 2024
In 2024, Bandhan Bank home loan interest rates continue to offer competitive and flexible options for homebuyers. With rates starting as low as 9.16%, Bandhan Bank provides affordable financing tailored to different customer profiles. Secure your dream home with their attractive loan offers and easy repayment terms.
Have a look at the table below to understand the Bandhan Bank home loan interest rate 2024 in detail:
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Salaried Applicants | 9.16% - 15.00% per annum |
| Self-Employed Applicants | 9.16% - 15.00% per annum |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Repo Linked Lending Rate (RLLR)
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loan | 9.16% - 15.00% per annum |
Bandhan Bank Suraksha Home Loan Interest Rates
| Loan Slab | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 9.16% - 13.33% per annum |
Top-Up Loans Interest Rates
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| Top-Up for Existing Customers | 9.16% - 13.33% per annum |
Interest rates were last updated on 19th September 2024
Bandhan Bank Home Loan Interest Rates for All Schemes in India
With simple terms and easy eligibility, Bandhan Bank ensures homeownership is within reach for more people. Whether you're purchasing a new home, renovating, or building, they offer competitive rates to suit different needs. Have a look at the common types of home loan schemes offered by Bandhan Bank:
| Bandhan Bank Home Finance Home Loan Schemes | Rates of Inteirest for Each Plan |
|---|---|
| Suraksha Home Loan | 9.16% - 13.33% per annum |
| Sajavat Home Loan | 9.16% - 13.33% per annum |
| Su-awas Home Loan | 9.16% - 15.00% per annum |
| Suvidha Home Loan | 9.16% - 13.33% per annum |
Bandhan Bank Home Loan Interest Rates for Balance Transfer, Top Up and Overdraft
Bandhan Bank Home Loan customers can enjoy three interesting facilities on housing loans that can help them meet their sudden financial needs:
Bandhan Bank Home Finance Home Loan Balance Transfer
Bandhan Bank offers competitive home loan interest rates for balance transfer, making it easier for borrowers to shift their existing home loan from another bank. By transferring your loan to Bandhan Bank, you can benefit from reduced interest rates, which can significantly lower your monthly EMI payments. This option also helps you save on the total interest payable over the loan tenure. Bandhan Bank ensures a smooth transfer process with minimal paperwork, allowing you to take control of your home loan finances with ease. The Bandhan Bank balance transfer loan starts at 9.16% per annum.
Bandhan Bank Home Finance Home Loan Top-Up
Bandhan Bank provides a top-up loan facility with attractive interest rates for existing home loan borrowers. This option allows you to borrow additional funds on top of your current home loan for purposes like home renovations, education, or medical expenses. With competitive interest rates and longer tenures, the top-up loan can be repaid along with your existing home loan, making it convenient and affordable. The application process is simple, and the funds can be quickly dispersed to meet your financial needs without taking out a separate loan. The Bandhan Bank top-up interest rate starts at 9.16% per annum.
Bandhan Bank Home Finance Home Loan Overdraft Option
The Bandhan Bank home loan overdraft facility offers a flexible way to manage your finances while enjoying competitive interest rates. This facility allows you to link an overdraft account to your home loan, enabling you to withdraw funds as and when required. The interest is charged only on the amount utilized from the overdraft, giving you more control over your cash flow. This option is ideal for borrowers with fluctuating financial needs, as it provides the flexibility of borrowing without the need for additional loans or approvals and it starts at 9.16% per annum.
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Compare Bandhan Bank Home Loan Interest Rate with Top Banks
Comparing Bandhan Bank home loan interest rates with top banks helps you find the most affordable option for your home financing needs. By evaluating rates, fees, and terms across banks, you can save on interest costs and monthly EMIs. This ensures you choose the best deal tailored to your financial situation and goals.
So, do not miss comparing the Bandhan Bank housing loan interest rates with other top 5 financial service providers:
| Bank/NBFC | Rate of Interest on Home Loan | Processing Fee |
|---|---|---|
| Bandhan Bank Home Finance | 9.16% - 15.00% p.a. | Up to 1% of the loan amount |
| State Bank of India | 9.15% - 12.95% p.a. | Up to 0.25% or Rs. 10,000 max |
| IndiaBulls Home Finance | 9.30% p.a. onwards | 0.50% of the loan amount |
| Shriram Housing Finance | 9.50% p.a. onwards | Up to 2.50% of the loan amount + taxes |
| DCB Bank | 9.75% p.a. onwards | Up to 2% of the loan amount (Min. Rs. 5,000) |
| India Shelter Housing Finance | 10.50% p.a. onwards | Up to 2.5% of the loan amount excluding GST |
Bandhan Bank Home Loan Balance Transfer Interest Rates
Bandhan Bank home loan balance transfer interest rates offer a smart way to reduce your existing home loan burden by switching to a lower interest rate. If you're currently paying high EMIs, transferring your loan to Bandhan Bank can help you save on both monthly payments and overall interest costs. With competitive rates and simple transfer procedures, the balance transfer option provides significant financial relief.
Bandhan Bank Home Finance Balance Transfer interest rate starts at 9.16% per annum. The following steps can help you shift your existing loan balance to Bandhan Bank:
- Firstly, visit the BASIC Home Loan website and go to the Repay Right section
- Fill the required details in the online form displayed on the screen
- Click ‘Next’ to proceed to the next page
- You will then be able to see the savings you make with the Bandhan Bank Home Loan Balance Transfer option
- Another easier option is to approach the BASIC Home Loan team for help in applying for a Bandhan Bank housing loan
Get Home Loan Starting at 8.5%*
How to Calculate Bandhan Bank Home Loan Interest Rates?
To calculate Bandhan Bank home loan interest rates, you can use the bank's home loan EMI calculator available online. Enter details such as the loan amount, tenure, and interest rate to determine your monthly EMI. The calculator provides a breakdown of the principal and interest amounts, helping you understand the total repayment cost. You can adjust the inputs to explore different loan options and choose the most suitable plan for your financial situation. Alternatively, choose the ready-to-use online EMI calculator tool available at the BASIC Home Loan website - EMI.
The table given below will give you an idea of monthly EMI installments for 10 to 30 years tenures:
Bandhan Bank Home Loan EMI Calculator 2024
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 9.16% p.a. | Rs. 12,754 | Rs. 9,100 | Rs. 8,162 |
| Rs. 20 lakh | 9.16% p.a. | Rs. 25,509 | Rs. 18,201 | Rs. 16,323 |
| Rs. 30 lakh | 9.16% p.a. | Rs. 38,263 | Rs. 27,301 | Rs. 24,485 |
| Rs. 40 lakh | 9.16% p.a. | Rs. 51,017 | Rs. 36,402 | Rs. 32,646 |
| Rs. 50 lakh | 9.16% p.a. | Rs. 63,772 | Rs. 45,502 | Rs. 40,808 |
| Rs. 60 lakh | 9.16% p.a. | Rs. 76,526 | Rs. 54,603 | Rs. 48,970 |
| Rs. 70 lakh | 9.16% p.a. | Rs. 89,280 | Rs. 63,703 | Rs. 57,131 |
| Rs. 80 lakh | 9.16% p.a. | Rs. 1,02,035 | Rs. 72,803 | Rs. 65,293 |
| Rs. 90 lakh | 9.16% p.a. | Rs. 1,14,789 | Rs. 81,904 | Rs. 73,455 |
| Rs. 1 crore | 9.16% p.a. | Rs. 1,27,543 | Rs. 91,004 | Rs. 81,616 |
The table above provides an estimate of the EMI payable at an interest rate of 9.16% per annum as offered by Bandhan Bank. Please note that these figures may vary based on changes in interest rates, loan tenure, and other factors specific to the lender.
FAQ's
At present the interest rate of a home loan in Bandhan Bank ranges between 9.16% - 15.00% per annum.
Bandhan Bank charges no foreclosure charges on floater rate home loan packages. However, it charges 4% of the outstanding loan amount + GST for loans less than 12 months and 2% of the outstanding loan amount + GST for loans more than 12 months.
Yes, you can easily transfer your existing loan to Bandhan Bank Home Loan using the Bank Transfer Home Loan Scheme.
Yes, one can easily choose between fixed and fluctuating or floater interest rates at Bandhan Bank as a home loan.
Some of the key factors that may influence the applicant’s home loan eligibility are age, income, nationality, and credit score.