Home Loan Transfer Fees, Charges, And Interest Rates
To know more about Bajaj Finserv Home loan fees, charges, and interest rates, read on.
Type of Fees and Interest Rates |
Charges Applicable |
Interest rate for salaried |
8.45%* p.a. p.a. onwards |
Interest rate for self employed |
8.90%* p.a. onwards |
Processing fees |
Up to 7% of loan amount + GST as applicable |
Loan Statement Charges |
NIL |
Interest and principal statement charges |
NIL |
EMI bounce charges |
Up to Rs. 500 to Rs. 10,000 per bounce |
Penal interest |
Up to 24% per annum per month in addition to the applicable Interest Rate on overdue amount |
Secure fee |
Rs. 9999 + GST as applicable |
**Loan up to 30 lakhs, for new customers.
*Applicable following 1st EMI clearance.
Foreclosure charges
To know more about Bajaj Finserv Home loan foreclosure charges, read on.
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 loans, charges are calculated on the outstanding principal
- For Flexi interest-only loans, charges are calculated on the sanctioned limit
- For Flexi term loans, 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.
Home loan transfer charges and interest rate
The Bajaj Housing Finance Limited Home Loan Balance Transfer is an easy and hassle-free provision that gives you access to a host of benefits. With it, you can avail a lower home loan interest rate and save on interest as you repay your debt. If you’re looking for a favourable time to switch lenders, keep an eye out for repo rate changes issued by the RBI.
