Let’s Analyze Bandhan Bank Home Loan Interest Rate Here
Bandhan Bank is fast growing its presence in India’s lending space by adding to its number of branches across the country. Not only the presence, but even the product offerings are greater in scope. On the home loan front, Bandhan Bank has taken a strong foot forward by taking over HDFC’s GRUH Finance. And, as a result, the bank has now three home loan products - Suraksha, Suvidha and Sajavat - to offer. Bandhan Bank Home Loan Interest Rate is set accordingly. Let’s check out the rate and its impact on your pocket. What is Bandhan Bank Home Loan Interest Rate? Bandhan Bank uses the external benchmark of RBI Repo Rate to price its home loans. The interest rate comes after adding a certain portion of spread over the RBI Repo Linked Lending Rate (RLLR) of 5.15%. Interestingly, the rate varies according to the amount of loan. Loans upto ₹15 lakh, above ₹15 lakh-50 lakh and above ₹50 lakh are offered at interest rates of 9.50%-11.75%, 8.75%-11% and 9%-11.25%, respectively, under Sur...