Loan Details
Bank Name
Bandhan Bank Limited
Maximum Loan Tenure
Not specified.
Maximum Loan Amount
Not specified.
Interest Rate
Minimum interest rate – 13.00% Maximum interest rate – 15.00% Final interest rate will be decided as per Individual Credit Score
Type
Not specified.
Down Payment
Not specified.
Fees and Charges
Non-Refundable Login fees: INR 3500. Processing Fees: 0.25% to 1.00% depending on scheme+ GST. Prepayment Fee: no prepayment fee for floating rate interest loan. Penal fee: 2% per month on the overdue amount, i.e., 24% per year. Legal Fee: At actuals. Stamp Duty And Registration Fee: At actuals.
Minimum CIBIL Score
Not specified.
Down Payment and Fees
Su-awas Micro Home Loan
Special Features
None.
Eligibility Criteria
- The borrower must be an existing micro-banking customer of Bandhan Bank with a satisfactory repayment track record.
- The borrower must be between 23 and 65 years of age at the time of loan maturity.
- The borrower must have a regular source of income from either salaried or non-salaried occupation.
- The borrower must have a clear title deed and valid documents for the property to be financed.
- Existing micro banking borrowers who have completed minimum 1 cycle of loan
Special Concession
No Special Concession.
Home Saver Option
No.
Features, Eligibility and Concession
Pros
- It caters to the housing needs of low-income and rural customers who are micro-banking borrowers of Bandhan Bank.
- It allows the construction of semi-pakka and pakka houses with minimal documentation and quick processing.
- It does not charge any prepayment fee for individual borrowers on floating rate loans, which gives them the flexibility to repay their loan faster without any penalty
Cons
- It has a high processing fee.
- Loan comes with a a number of ancillary fees such as: login fee.
- It does not have a home saver option, which means you cannot save on interest by linking your home loan account with your savings or current account.
Pros & Cons
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T11:00:50Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
