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. 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
Promotional Interest Rate for Salaried 8.10%** 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-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
Secure fee Rs. 9999

** Loan up to 30 lakhs, for new customers.

*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.