Home Loan Transfer Charges, Home Loan Balance Transfer 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	8.30%* 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. 3,000 per bounce
Penal interest	Up to 2% 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.