Bandhan Bank Home Loan Agreement

April 8th, 2021| Posted by admin
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Below are details of our home loan products – all loans from the former GRUH Finance continue on the same terms and are now called GRUH Home Loans. Proposed solutions include loans for the acquisition and construction of new residential real estate, renovation of existing real estate and loans against real estate. Suraksha is a real estate credit product offered to people who have formal income vouchers, such as PF-deducted payslips or computer returns, which are regularly submitted for two years or more and for which the loan must be assessed only on the basis of the formal sources of income mentioned above. Sajavat may be offered for a maximum term of up to 15 years. Repairs/renovations such as painting, plumbing, roofing, etc. can be financed under Sajavat. The cost of the land is the cost of land and construction. Stamp duty, registration fees or any other tax payable once are not included in the calculation of material costs. . For more information, see: www.gruh.com/suraksha/ .

Gruh offers loans against existing residential real estate to individuals, with clients eligible for up to 60% of the cost of residential property or 50% of commercial real estate costs for purposes such as land purchases, children`s education, etc. The Sajavat loan is offered up to 75% / 80% of the cost of repair work. The Suraksha loan is offered up to 75% / 80% / 90% of the cost of the property according to the standards established by RBI and subject to the client`s authorization. . Bandhan Bank has acquired GRUH Finance from HDFC to strengthen its commitment to financial inclusion. On October 17, 2019, GRUH was part of Bandhan Bank. Suvidha is a home product that is offered to people who do not have formal proof of income, such as a payroll with PF deduction or computer returns. GRUH assesses applicants` income based on their cash flow based on a detailed field analysis. Sajavat is offered to individuals to meet the costs of repairing/renovating their existing housing unit. Backed by more than 30 years of expertise, Bandhan Bank GRUH Home Loans aims to bring the best product and service experience to all its customers.

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