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Home Loan Transfer Charges and Interest Rate

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. The fees and charges on Home Loan Transfer are fixed and transparent, to enable you to better plan your finances.

 

Type of Fees & Interest Rates

Charges Applicable

Rate of Interest
BFL-SAL FRR* – Margin = 8.85% to 10.30% (For Salaried)
 
BFL-SE FRR* – Margin = 9.25% - 11.15%
Floating Interest rate
*BFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate for Salaried customers - 20.80%
 
*BFL-SE FRR (Bajaj Finance Limited Floating Reference Rate for Self Employed customers) - 20.80%
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
Secure fee
Up to Rs. 4,999

*Applicable following 1st EMI clearance.

Foreclosure Charges

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.

Part - Prepayment Charges

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.

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