A Home Loan Balance Transfer with Bajaj Finserv is easy and hassle free, and gives you a host of benefits that make your Home Loan more affordable. The fees and charges on Home Loan Transfer are fixed and transparent, to enable you to better plan your finances.
Type of Fees and Interest Rates
Charges Applicable
Promotional Interest Rate for Salaried
8.80%** onwards
Regular Interest Rate
BFL-SAL FRR* – Margin = 9.05% to 10.30% (For Salaried)
Self Employed Interest Rate
BFL-SE FRR* – Margin = 9.35% - 11.15%
*BFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate for salaried customers)
20.90%
*BFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate for Salaried customers
20.90%
*BFL-SE FRR (Bajaj Finance Limited Floating Reference Rate for Self Employed customers)
20.90%
Processing fees
Up to 1% of the loan amount for salaried individuals
Up to 2% of the loan amount for self-employed individuals
Loan Statement Charges
NIL
Interest and principal statement charges
NIL
EMI bounce charges
Rs. 3,000 per bounce
Penal interest
2% per month
** Loan up to 30 Lakhs
*Applicable following 1st EMI clearance.
Borrower Type: Interest Type
Time Period
Foreclosure Charges*
Individual: Floating rate
More than 1 month from date of loan disbursal
Nil
Non-individual: Floating rate
More than 1 month from date of loan disbursal
4% + taxes applicable
All borrowers: Fixed rate
More than 1 month from date of loan disbursal
4% + taxes applicable
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.
Borrower Type: Interest Type
Time Period
Part-prepayment Charges*
Individual: Floating rate
More than 1 month from date of loan disbursal
Nil
Non-Individual: Floating Rate
More than 1 month from date of loan disbursal
2% + taxes applicable on part payment amount paid
All borrowers: Fixed rate
More than 1 month from date of loan disbursal
2% + taxes applicable on part payment amount paid
Part-prepayment made should be more than 1 EMI.
These charges are not applicable for the Flexi interest-only and Flexi term facilities.
