Home Loan Balance Transfer Fees, Charges, and Interest Rates

To know more about Bajaj Finserv Home Loan Balance Transfer fees, charges, and interest rates, read on.

Type of fee Applicable charges
Rate of interest Salaried Self-employed Doctors
7.60%* to 10.35%* p.a. 8.00%* to 10.80%* p.a. 7.70%* to 10.40%* p.a.
Rate of interest (Top-up Loan) 7.75%* to 10.40%* p.a. 9.05%* to 10.85%* p.a 8.65%* to 10.45%* p.a.
Processing fees Up to 4% of the loan amount + GST as applicable
Bounce charges

For loan amounts up to Rs. 15 lakhs: Rs. 500

For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 500

For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,000

For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 1,000

For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000

For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 3,000

For loan amounts more than Rs. 10 crores: Rs. 10,000.
Penal charge Click here to know about the penal charges.
Interest and principal statement charges NIL
Part-prepayment charges

(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:

  • For Term Loan – Nil
  • For Flexi Term Loan – Nil

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:

  • For Term Loan – 2% on the part-prepayment amount.
  • Flexi Term Loan - Nil

*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.

**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.

Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.
Foreclosure charges

(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
• For Term Loan – Nil
• For Flexi Term Loan – Nil

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
• For Term Loan – 4%* on principal outstanding
• For Flexi Term Loan – 4%* on the sanctioned amount during the Flexi interest only loan repayment tenure; and 4%* on the available Flexi loan limit during the Flexi Term Loan tenure

*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.

**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.

Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.

Frequently asked questions

Can I negotiate the transfer charges with the new lender?

Yes, you can negotiate transfer charges with the new lender. Many lenders are open to reducing or waiving these fees to attract new customers. It’s always worth discussing and negotiating these charges before finalising the

How do I check if my current home loan is eligible for transfer?

To check if your current home loan is eligible for transfer, review your loan agreement for any prepayment or transfer clauses. Contact your current lender to confirm any penalties or conditions. Additionally, ensure your loan account is in good standing with no overdue payments.

Can I transfer a home loan more than once?

Yes, you can transfer a home loan more than once. However, each transfer involves costs and paperwork. Ensure the benefits, such as lower interest rates or better terms, outweigh the expenses and effort involved in multiple

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