Bajaj Finserv Home Loan
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Current home loan interest rates

Bajaj Finserv gives you one of the lowest home loan interest rates in India @ 7.5%* onwards to fulfill your dream of owning a house.

Salaried Borrowers Home Loan Interest Rates (P.A.)
Promotional interest rate 7.5%** Onwards
Regular interest rate 9.05%* to 10.30%*
*BFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate) 12.90%
Loan amount (For new customers) up to 30 Lakhs**
Self-Employed Borrowers Home Loan Interest Rates (P.A.)
Regular interest rate 9.35%* - 11.15%*
*BFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate) 13.30%
Loan amount (For new customers) up to 30 Lakhs**

Above mentioned home loan rates with effect from July 2020

Knowing the housing loan interest rate in advance helps you to calculate your loan EMIs easily, and thus plan your finances and repayment better. With one of the best home loan interest rates, Bajaj Finserv home loans are affordable and easy to repay.

With the low-interest home loans, Bajaj Finserv offers clear and transparent fees and charges. Click here to see the other charges.


Repo Rate

In the current monetary system, the Reserve Bank of India uses the repo rate as a money market tool to achieve several fiscal goals for the economy. Any increase or decrease in the same effects the ROI of the financial lending institution.

The current repo rate is 4.00% and the BFL ROI is 8.85%*.


Housing loan interest rate FAQs

How is interest rate calculated?

To calculate interest rate, use an interest calculator that lets you accurately calculate your monthly installments or EMIs for the loan. This tool can also help you find the total payable interest and cost of loan. You only have to enter your housing loan interest rate, principal, and tenor to calculate the EMI.

What is the current interest rate on home loans?

The current home loan interest rates offered by Bajaj Finserv are:

Fixed rate of interest:
  • Salaried Customers - 9.05% to 10.30%
  • Self-employed customers - 9.35% - 11.15%

Floating rate of interest:
  • Salaried and self-employed customers - 20.90%

The current promotional housing loan interest rate for salaried customers (For New) is 7.5%* onwards.

Which interest rate is better?

There are two types of interest rates you can choose from - fixed or floating interest rates.
  • Fixed Rate: Fixed rate home loans enable you to plan your repayment more easily. Your EMIs remain constant throughout the tenor.
  • Floating Rate: The rate of interest on a floating home loan can decrease as floating rates vary with market conditions. Hence, your EMIs become more affordable. However, the rates can also increase along with the EMIs.

One of the advantages of floating interest rate is zero charges on foreclosure or part-prepayment.

How to reduce home loan interest burden?

You can reduce home loan interest burden in the following ways: 
  • Avail lower home loan interest rates offered by another lender by transferring your existing loan.
  • Part-prepay your home loan to reduce the EMIs and save on interest.
  • Increase your loan EMIs to decrease the total interest payable.

Why should you choose Bajaj Finserv Home Loan?

Some of the reasons why you should choose Bajaj Finserv Home Loan:

  • Subsidies on interest rates under Pradhan Mantri Awas Yojana (PMAY).
  • Avail Home Loans up to Rs. 3.5 Crore.
  • Repayment tenors of up to 20 years.
  • Refinance your home loan with a balance transfer facility. Avail a high-value top-up loan of Rs. 50 Lakh with this facility.
  • Negligible part-prepayment and foreclosure fees.