Home loan fees & charges

With a home loan from Bajaj Finserv, 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 home loan interest rate, you do not have to pay any foreclosure charges or part-prepayment charges during the home loan tenor.

Salaried Floating Reference Rate: 13.25%*

Home Loan Interest Rate (Floating)

Loan Type

Effective ROI (p.a.)

Home Loan

7.20%* to 14.00%*

Top-up

7.95%* to 15.00%*


Self-Employed Floating Reference Rate: 13.70%*

Home Loan Interest Rate (Floating)

Loan Type

Effective ROI (p.a.)

Home Loan

7.30%* to 14.00%*

Top-up

8.35%* to 15.00%*


The values in tables are subjected to change. To check the latest applicable interest rates, 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 tenor;
and
4%* on the available flexi loan Limit during Flexi Term Loan Tenor

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 7% 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

 

Frequently asked questions on 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. There is 4% + applicable taxes for fixed rate loans and loans taken by non-individuals from Bajaj Finserv.

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 7% of the loan amount

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