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Moving to a new home can involve several upfront expenses, such as security deposits, brokerage, shifting costs and utility connections. These costs can add up quickly, especially when you need to move within a short time.
A personal loan can help eligible borrowers manage such planned expenses, subject to applicable terms and conditions. You can use the funds for eligible rental-related and moving expenses without pledging collateral. Here are some common costs you may need to consider.
With a Bajaj Finance Personal Loan, you can get the funds within 24 hours* of approval. Check your offer in just 2 steps and apply online to get our loan.
Pay brokerage
If you rent a home through a broker or real estate agent, you may need to pay a brokerage fee. The amount can vary based on the property, location and terms agreed with the broker.
A personal loan can help eligible borrowers manage this upfront expense along with other planned moving costs.
Make a security deposit
A landlord may ask for a security deposit before you move into a rented property. The amount can vary based on the property, location and rental agreement.
Managing the deposit along with other moving expenses can put pressure on your budget. An eligible personal loan can help you manage this cost without using your entire savings at once.
Fund your move to the new house
Moving to a new home may involve expenses beyond rent and the security deposit. These can include:
- Packers and movers
- Furniture and essential household items
- Appliance installation or relocation
- Plumbing and electrical work
- Internet and utility connections
A personal loan can help eligible borrowers manage these expenses based on their financial needs and applicable terms. With a Bajaj Finance Personal Loan, you can get funds from Rs. 40,000 to Rs. 55 lakh. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30.5% p.a. |
Processing fees | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Overview
A rental deposit loan is a loan that can help cover upfront rental costs, such as a security deposit, brokerage and moving expenses. It generally works like a personal loan, where eligible borrowers receive funds and repay the amount through EMIs over an agreed tenure. Check your offer in just 2 steps and apply online to get our loan.
With a Bajaj Finance Personal Loan, you can get funds from Rs. 40,000 to Rs. 55 lakh. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000