Home Loan

Home Loan Transfer Charges and Interest Rate

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Home Loan Balance Transfer - Interest Rates, Fees and Charges

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 with a lower home loan interest rate. The fees and charges on Home Loan Transfer are fixed and transparent, to enable you to better plan your finances.
 

​Avail top-up loan up to Rs. 50 Lakh with a Home Loan Balance Transfer
Apply Now!!

 
Type of Fees and Interest Rates Charges Applicable
Interest rate for salaried individuals BHFL-SAL FRR* – Margin = 6.70% to 10.30%
Interest rate for self-employed individuals BHFL-SE FRR* – Margin = 9.35% - 11.15%
*BHFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate for salaried customers) 6.70%
*BHFL-SE FRR (Bajaj Finance Limited Floating Reference Rate for self-employed customers) 13.30%
Processing fees Upto 6% of the Loan Amount
Loan Statement Charges NIL
Interest and principal statement charges NIL
EMI bounce charges Rs. 3,000 per bounce
Penal interest 2% per month
Secure fee Rs. 9999

*Applicable following 1st EMI clearance.

FORECLOSURE CHARGES

 
Borrower Type: Interest Type Time Period (Months) Foreclosure Charges
Individual: Floating rate >1 4% plus applicable taxes
Foreclosure Charges >1 4% + taxes applicable
Part Payment Charges >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

 
Individual: Floating rate 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 greater than 1 EMI.

*These charges are not applicable for the flexi interest-only and flexi term facilities.

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 6.70%*.

*T&C

Congratulations! You have a home loan balance transfer offer.

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