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Home Loan Interest Rates

Home Loan: Fees and Interest Rates

Bajaj finserv gives you nominal home loan interest rate and clear and transparent charges on your home loan. Here is a list of our current home loan interest rate and charges.

 

Types of Fees

Charges Applicable

Promotional Rate:
8.50% onwards (for salaried individuals)
Regular rate
BHFL-SAL FRR* – Margin = 8.60% to 10.10% (For Salaried)
 
BHFL-SE FRR* – Margin = 8.85% to 10.15% (For Self Employed)
*BHFL-SAL FRR (Bajaj Housing Finance Limited Floating Reference Rate for Salaried customers)
12.50%
*BHFL-SE FRR (Bajaj Housing Finance Limited Floating Reference Rate for Self Employed customers)
12.85%

BHFL FRR for cases booked prior to 20 June 2018 was 12.95%

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
Secure fee
Up to Rs. 9,999 (One time)

*Applicable following 1st EMI clearance.

Foreclosure Charges

Borrower Type: Interest Type

Time Period (Months)

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: Interest Type

Time Period (Months)

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.

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