Home loan fees & charges

To know more about the home loan fees and charges, read on.

Salaried Floating Reference Rate: 12.90%*

Home Loan Interest Rate (Floating)

Loan Type

Effective ROI (p.a.)

Home Loan

6.70%* to 14.00%*

Top-up

6.70%* to 15.00%*


Self-Employed Floating Reference Rate: 13.30%*

Home Loan Interest Rate (Floating)

Loan Type

Effective ROI (p.a.)

Home Loan

8.25%* to 14.00%

Top-up

8.25%* to 15.00%*


Repo Rate: 4.00%

Home Loan Interest Rate (Floating)

Loan Type

Effective ROI (p.a.)

Home Loan

6.70%* to 12.00%*

Top-up

6.70%* to 12.00%*


To read about the complete fees and charges applicable on home loan, click here.

Foreclosure charges and part prepayment charges

Floating rate loans: If all borrowers and co-borrowers are individuals and the time period in consideration is under a month.

Loan type

Foreclosure charges

Part-prepayment charges

Term loan

NIL

NIL

Flexi loan

NIL

NIL

Flexi hybrid loan

NIL

NL


Fixed rate loans: All borrowers (including individuals) and the time period is under one month.

Loan type

Foreclosure charges

Part-prepayment charges

Term loan

4%* on principal outstanding

2%* on the Part- Payment Amount

Flexi loan

4%* on the available flexi loan limit

NIL

Flexi hybrid loan

4%* on sanctioned amount during flexi interest only loan repayment tenure;
and
4%* on the available flexi loan Limit during Flexi Term Loan Tenure

NIL


* 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

Bajaj Finserv 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

 

Home loan fees & charges

With a Bajaj Finserv Home Loan, you enjoy the benefit of a competitive interest rate alongside nominal fees and charges. Our offerings have transparent foreclosure and part-prepayment charges and there are no hidden charges whatsoever. This helps know the true cost of the loan and can aid repayment planning. Moreover, as an individual borrower with a floating interest home loan, you do not have to pay any foreclosure charges or part-prepayment charges during home loan tenor.

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Frequently asked questions on home loan fees and charges

What are the foreclosure charges for home loan?

With this home loan, there is charge of 4% + applicable taxes for fixed rate loans and loans taken by non-individuals.

What are the part-prepayment charges for home loan?

For fixed rate loan and non-individuals on floating rates, there is a part-prepayment charge of 2% + applicable taxes. 

What is the processing fee for home loan?

You have to pay a home loan processing fee of up to 0.80% of the loan amount for salaried and up to 1.20% for self-employed applicants.

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