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Loan Against Property Interest Rates

Loan Against Property: Fees and Interest Rates

Avail a Bajaj Finserv Loan Property at affordable interest rates. There are no hidden charges involved. Here is a list of the rates and charges of Loan Against Property.

Rate of Interest

For Salaried = BHFLFRR- Margin =9.50% onwards

For Self-employed = BHFLFRR- Margin = 9.95% onwards


*BHFLFRR (Bajaj Housing Finance Ltd. Floating Reference Rate)

BHFLFRR For Salaried – 12. 40 %

BHFLFRR For Self Employed – 12.70 %

Types of Fees

Charges Applicable

Processing fees
Up to 1%
Loan statement charges
NIL
Interest and principal statement charges
NIL
EMI bounce charges
Up to Rs.3,000/-
Penal interest
Up to 2% Penal Interest
Mortgage origination fee
Up to Rs.4,999 (One time)

*Applicable following 1st EMI clearance.

Foreclosure Charges

Borrower type: Interest type

Time (Months)

Foreclosure charges

Individual: Floating rate
>1
Nil
Non-individual: Floating rate
>1
4% plus applicable taxes
All borrowers: Fixed rate
>1
4% plus applicable taxes

For Term Loan, charges will be calculated on the outstanding principal.

For Flexi Interest-only Loan, charges will be 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 (Months)

Part-prepayment charges

Individual: Floating rate
>1
Nil
Non-individual: Floating rate
>1
2% plus applicable taxes
All borrowers: Fixed rate
>1
2% plus applicable taxes

Part-prepayment made should be more than 1 EMI.

These charges are not applicable for the Flexi Interest-only Loan and Flexi Term Loan facilities.

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