Bandhan Bank 'Suraksha' Home Loan: Eligibility, Interest Rates, How To Apply And More

It's a dream for many to buy their first home. However, the rising property rates have become a concern for homebuyers. If you are looking to buy your dream home, a housing loan could be a suitable option. With proper planning and a financing option, you can manage to buy your first residential property.

Many banks are offering affordable loans with flexible repayment terms. If you are looking for a home loan, you can explore the Bandhan Bank Suraksha home loan. The financing option has been designed to assist borrowers in the purchase, expansion, or construction of their homes.

The Suraksha home loan is offered to both salaried and self-employed individuals. The Bandhan Bank Suraksha home loan covers up to 90% of the cost of the property. The private lender also offers flexible and easier repayment tenures. Bandhan Bank's ‘Suraksha’ home loans come with a floating interest rate ranging from 8.66% to 12.83% per annum.

Here are the key details about the Bandhan Bank Suraksha home loan:

• The potential borrowers should be minimum 21 years old to apply for the Bandhan Bank Suraksha home loan.

• The maximum age should be 75 years at the time of maturity or retirement age, whichever is earlier.

• The bank will consider your monthly disposable or surplus income for loan approval.

• Photo ID proof like PAN Card, passport, Voter ID Card

• Address proof like Aadhaar Card, utility bills

• Age proof like a Birth certificate/Class 10 certificate

• Salary slips

• Latest PF statement

• Form 16 

• Photocopy of investments 

• Photocopy of life insurance policies

• Bank passbook copy for all bank accounts showing entries for the last six months

• In case of other loans availed (active as well as closed): Copy of sanction letter, Updated repayment track, No dues in case of closed loans

• Photocopy of your credit card with the last monthly statement 

• In case you do not have a regular salary slip, then a salary certificate on the employer's letterhead duly stamped and signed 

• Visiting card 

• Copy of rent agreement if the present accommodation is on rent

• Visit the nearest Bandhan Bank branch or apply online through the official website.

• Fill in the loan application form.

• Submit all the necessary documents and a cheque for applicable processing charges.

• The bank will verify the documents and check your eligibility based on your income and credit score.

• After the verification is done, the amount will be disbursed into your bank account.