Bajaj Finserv Home Loan
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Home loan fees & charges

Avail a Home Loan from Bajaj Finserv with a lower interest rate and negligible fees and charges. Bajaj Finserv Home Loans also come with transparent foreclosure and part-prepayment charges. Knowing these charges will help plan your repayment better. Moreover, if you are an individual borrower with a floating interest home loan, you do not have to pay any foreclosure charges or part-prepayment charges on your housing loan.


Foreclosure charges & part pre-payment charges


Floating rate loans: If all borrowers and co-borrowers are individuals

  Term loan Flexi term loan Flexi hybrid loan
Time period (months) >1 >1 >1
Foreclosure charges Nil Nil Nil
Part Payment charges Nil Nil Nil

Floating rate loans: If any borrower or co-borrower is a non-individual


Fixed rate loans: All borrowers (including individuals)

  Term loan Flexi term loan Flexi hybrid loan
Time period (months) >1 >1 >1
Foreclosure charges 4%* on Principal outstanding 4%* on the available flexi loan limit 4%* on sanctioned amount during flexi interest only loan repayment tenure;
and
4%* on the available flexi loan limit during flexi term loan tenure
Part-prepayment charges 2%* on the part- prepayment amount NA NA

* GST as applicable will be payable by the Borrower in addition to the Prepayment Charges.

  • 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 made should be more than 1 EMI.
  • These charges not applicable for the Flexi Interest-only Loan and Flexi Term Loan facilities.

Other Fees and Charges


BHFL FRR for cases booked prior to April 2018 was 12.95%

Types of fees Charges applicable
Processing fees Up to 6% of the loan amount
Loan statement charges NIL
Interest and principal statement charges NIL
EMI bounce charges Rs. 3,000/-
Penal interest Up to 2% penal interest
Secure fee Up to Rs.4,999 (one time)

FAQs about Home Loan Fees and Charges

What are the foreclosure charges for Home Loan?

Foreclosure charges are the fees that you pay when foreclosing your home loan. Bajaj Finserv does not charge any fee when individuals on floating rates opt for a foreclosure of their loan.

The charge is 4% + applicable taxes for all borrowers on fixed rates and also for non-individuals on floating rates.

What are the part-prepayment charges for Home Loan?

Part-prepayment charges are the fees you pay when you make a part prepayment of the loan. Any amount you pay over and above one EMI during your home loan tenure is a part prepayment.

Bajaj Finserv does not charge any fee when individuals on floating rates part-prepay their loan.

All other borrowers on fixed rates and also non-individuals on floating rates have to pay 2% + applicable taxes when part-prepaying their loan.

What is the processing fee for Home Loan?

The home loan processing fee is a one-time fee that lenders charge to complete various loan-related formalities like credit checks, property verification, document collection, etc.

Bajaj Finserv charges a processing fee of up to 0.80% of the loan amount for salaried applicants and up to 1.20% for self-employed applicants.