Features and benefits

Flexi Term Loan facility

Flexi-Hybrid Home Loan

Borrow when you want, prepay when you can

Top-up Loan

Hassle-free top-up loans at attractive interest rates

3 EMI Holiday

Manage finances better with a grace period of 3 months

Easy Balance Transfer Facility

Transfer your existing Home Loan, for lower interest rates

Part-prepayment and Foreclosure Facility

No additional charges will be levied.

How to Avail

01

Share your basic details

and request your OTP to log in.

02

Find your pre-approved offer

on your Home Loan, instantly.

03

Get pre-approved in an instant

with faster loan disbursal

Documentation

To avail pre-approved Home Loan by Bajaj Finserv, you need to provide the following documents:

  • KYC Documents
  • Address Proof
  • Identity Proof
  • Photograph
  • Form 16 or latest salary slips (For Salaried Individuals)/ ITR Document and P&L Statement of last 2 years (For Self-employed individuals)
  • Bank account statements of the previous 6 months
  • Documentation

Interest Rate and Charges

Here’ a look at the Interest Rate and Charges applicable on your Home Loan:

  • Processing Fees
    8.40% onwards (for salaried individuals)
  • Regular rate BHFLRR* - Margin =
    8.50% onwards (for salaried individuals)
    8.70% onwards (for self-employed individuals)
  • *BHFLFRR (Bajaj Housing Finance Ltd. Floating Reference Rate)
    12.40 % (for salaried individuals)
    12.70 % (for self-employed individuals)
  • Processing fees
    Up to 1% (Salaried), Up to 2% (Self Employed)
  • Processing fees
    Up to 1% (Salaried), Upto 2% (Self Employed)
  • Loan statement charges
    NIL
  • Interest and principal statement charges
    NIL
  • EMI bounce charges
    Rs. 3,000
  • Penal interest
    2% per month
  • 2% per month
    Up to Rs.4,999 (One time)

Foreclosure Charges:

  • Borrower Type
    Time Period
    Foreclosure Charges
  • Individual: Floating rate
    >1
    Nil
  • Non-individual: Floating rate
    >1
    4% plus applicable taxes
  • All borrowers: Fixed rate
    >1
    4% plus applicable taxes
For Term Loan, charges are calculated on the outstanding principal.
For Flexi Interest-only Loan, charges are calculated on the sanctioned limit.
For Flexi Term Loan, charges are calculated on the current dropline limit.

Part-Prepayment Charges:

  • Borrower Type
    Time Period
    Part-Prepayment Charges
  • Individual: Floating rate
    >1
    Nil
  • Non-individual: Floating rate
    >1
    2% plus applicable taxes
  • All borrowers: Fixed rate
    >1
    2% plus applicable taxes
Part-prepayment made should be more than 1 EMI.
These charges not applicable for the Flexi Interest-only Loan and Flexi Term Loan facilities.