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Loan Against Property Interest Rates

Loan Against Property: Fees and Interest Rates

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

For Salaried

LAP (Loan Against Property) = BFL-SAL FRR* – Margin = 9.70% to 11.50%

*BFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate for Salaried customers) – 20.80%
 

For Self-employed

LAP (Loan Against Property) = BFL-SE FRR* – Margin = 10.50% to 14.50%

*BFL-SE FRR (Bajaj Finance Limited Floating Reference Rate for Self Employed customers) 20.80%

BHFL FRR for cases booked prior to April 2018 was 12.95%
 

Types of Fees Charges Applicable
Processing fees Up to 1.5%
Loan statement charges Rs. 50
Interest and principal statement charges NIL
EMI bounce charges Up to Rs.3,000/-
Penal interest Up to 2% per month + applicable taxes
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% + applicable taxes
All borrowers: Fixed rate >1 4% + 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% + applicable taxes
All borrowers: Fixed rate >1 2% + 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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