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Bandhan Bank Home Loan, Interest Rate and EMI Calculator Jan 2019

(Updated on 11.01.2019) Bandhan Bank Home Loan Jan 2019 – Get Instant Quick & Easy Approval on Bandhan Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee ✓ Eligibility ✓ Best Offers & more.

Bandhan Bank Home Loan – INSTANT QUOTES ONLINE

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Bandhan Bank Home Loan

Bandhan Bank is an Indian banking and financial services company which was initially a micro finance company. The Bank offers exciting features and benefits on its home loan products whether you want to book an under-construction property or buy , renovate, construct your own house. The home loan can be availed at the most competitive home loan rates with easy loan repayment options. Bandhan Bank home loan EMI calculator is available to calculate your monthly EMI to be paid to the bank. The bank charges nominal processing fee which is upto 1% of loan amount and there are no prepayment or foreclosure charges applicable to Bandhan bank home loan.

Bandhan Bank Home Loan Interest Rate

Interest Rate

10.50%

Amount of Loan

Upto Rs.15 lakhs

Maximum Tenure

15 years

Processing Fee

Upto 1% of loan amount and minimum Rs.15,000 plus taxes as applicable

Prepayment Charges

Not Specified

Bandhan Bank Home Loan Features and Benefits

  • Top up facility and balance transfer facility available with Bandhan Bank home loan.

  • Purchase of new or resale residential property ,self-construction on own house, repair and renovation of house and extension of existing property.

  • Door step service facility available with Relationship manager will be available to service you throughout the loan-processing period.

  • Simplified documentation that is documents are easy to understand.

  • Avail Non-Life and Life Insurance options.

  • Repay in Equated Monthly Instalments through Standing Instructions or Electronic Clearing System facility.

Bandhan Bank Home Loan Eligibility Criteria

  • Bandhan Bank home loan can be availed by Salaried / Self-employed Professionals / Self-employed Professionals.

  • Minimum age of the applicant should be 23 years and maximum age should be 65 years at time of maturity of loan.

Bandhan Bank Home Loan Documents Required

  • The applicant needs to submit valid passport /Voter ID Card /Aadhaar Card/ Valid Driving Licence etc as proof of both identity and residence.

  • Last 3 month’s Salary Slips / Certificates attested by the employer / updated passbook, latest Form-16 as income proof.

  • Bank account Statement for last 6 months.

  • Repayment Track record of any existing loans which was availed by the applicant.

  • Details of property proposed to be purchased or constructed for which the home loan is availed.

Bandhan Bank Home loan Application

Bandhan Bank home loan can be applied through loansninsurances.com . You can log into registration page of the website and enter the required detail and submit the requisite documents online .Both existing and new customer can apply for the home loan.

Bandhan Bank Home Loan EMI Calculator

Bandhan Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

For a loan against the amount of Rs 10,00,000 for 10 years at the interest rate of 12% p.a., the EMI comes out as Rs. 14,347. To know the EMIs for all the years, see the below given table.

Home Loan Amount(Rs)

Interest Rate(p.a)

Loan Tenure (years)

Monthly Instalment(EMI)

Total Interest Amount

Total Amount (Principal + Interest)

10,00,000

12

1

Rs. 88,849

Rs. 66,185

Rs.10,66,185

10,00,000

12

2

Rs. 47,073

Rs. 1,29,763

Rs.11,29,763

10,00,000

12

3

Rs. 33,214

Rs. 1,95,715

Rs.11,95,715

10,00,000

12

4

Rs. 26,334

Rs. 2,64,024

Rs.12,64,024

10,00,000

12

5

Rs. 22,244

Rs. 3,34,667

Rs.13,34,667

10,00,000

12

6

Rs. 19,550

Rs. 4,07,614

Rs.14,07,614

10,00,000

12

7

Rs. 17,653

Rs. 4,82,830

Rs.14,82,830

10,00,000

12

8

Rs. 16,253

Rs. 5,60,273

Rs.15,60,273

10,00,000

12

9

Rs. 15,184

Rs. 6,39,897

Rs.16,39,897

10,00,000

12

10

Rs. 14,347

Rs.7,21,651

Rs.17,21,65

Bandhan Bank Home Loan MCLR January 2019

Tenure

MCLR

Overnight

10.19%

1 Month

10.19%

3 Months

10.19%

6 Months

10.21%

1 Year

10.45%

Bandhan Bank Latest News

(29.07.17) Bandhan Bank net profit rises 35% to Rs 327 cr in Q1 – Bandhan Bank has posted 35 per cent rise in net profit to Rs 327 crore for the quarter ended June 30, 2017, against Rs 242 crore in the corresponding period last year. Gross non-performing assets rose to 0.82 per cent during the period under review up from 0.22 per cent while net NPA rose to 0.49 per cent (0.14 per cent).(Sources: The Hindu Businessline)

Bandhan Bank Home loan FAQs

Q1)What is the maximum loan tenure to avail Bandhan Bank Home Loan?

Bandhan Bank home loan ,maximum tenure for which the loan can be availed is upto 15 years.

Q2) What is the minimum and maximum age to apply for Bandhan Bank Home Loan?

Minimum age of the borrower should be 23 years and maximum age should be 65 years to apply for Bandhan Bank Home Loan.

Q3)Does the property for which the home loan is being availed , have to be insured?

Yes,the property for which the home loan is being availed, has to be insured against fire and other types of calamities for the entire tenure of the loan.

Q4)For what purposes is Bandhan Bank home loan availed?

Bandhan Bank home loan can be availed for purchase of new or resale residential property ,self-construction on own house, repair and renovation of house and extension of existing property.

Latest News on Bandhan Banks

  1. Bandhan Bank looks to cross-sell insurance products, mutual – Bandhan Bank is planning to start cross-selling of insurance products and mutual funds through its branches by September. As the MD and CEO points out, the idea of cross-selling is not to shore up revenues, but to be a one-stop-shop for Bandhan’s customers (Sources: The Hindu business Line)funds
  2. Bandhan Bank to open 160 branches in 2017 – 2018 – Managing Director and Chief Executive Officer of Bandhan bank Chandra Shekhar Ghosh said that Bandhan Bank is targeting to open another 160 branches to reach the 1000-mark by the end of this financial year. Currently bank has 840 branches spread across different states in the country (Source: economictimes)