Home Loan Balance Transfer Fees, Charges, and Interest Rates
To know more about Bajaj Finance Home Loan Balance Transfer fees, charges, and interest rates, read on.
| Type of fee | Applicable charges | ||
| Rate of interest | Salaried | Self-employed | Professionals |
| 7.60% to 10.35%* | 8.30% to 10.80%* | 8.30% to 10.80%* | |
| Rate of interest (Top-up Loan) | 8.60% to 10.40%* | 9.50% to 10.85%* | 9.50% to 10.85%* |
| Processing fees | A nominal fee is charged at the application stage to cover various loan processing costs. | ||
| Bounce charges | Up to ₹ 30 Lakh: ₹ 500 More than ₹ 30 Lakh and up to ₹ 50 Lakh: ₹ 500 More than ₹ 50 Lakh and up to ₹ 1 Crore: ₹ 750 More than ₹ 1 Crore and up to ₹ 1.5 Crore: ₹ 750 More than ₹ 1.5 Crore and up to ₹ 10 Crore: ₹ 3000 More than ₹ 10 Crore: ₹ 10,000 | ||
| Penal charge | Click here to know about the penal charges. | ||
| Interest and principal statement charges | NIL | ||
| Part-prepayment charges | a. Individual borrowers with Home Loans linked to floating interest rates: NIL b. Fixed rate loans (all borrowers, including individuals)**For Term Loan: 4%* on Part Payment Amount For Flexi Term Loan: Nil For Flexi Hybrid Loan: Nil | ||
| Foreclosure Charges | a. Individual borrowers with Home Loans linked to floating interest rates: NIL b. Fixed rate loans (all borrowers, including individuals)** For Term Loan: 4%* on Principal Outstanding For Flexi Term Loan: 4%* on the available Flexi Loan Limit For Flexi Hybrid Loan: 4%* on Sanctioned Amount during Flexi Interest Only Loan Repayment Tenure; and Up to 4%*on the available Flexi Loan Limit during Flexi Term Loan Tenure *GST as applicable will be payable by the borrower in addition to the Prepayment Charges. **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 case of Dual Rate Loans (fixed for initial period and then floating), the Foreclosure / Part-payment charges will be applicable as per the status (fixed/floating) of the loan as on Foreclosure / Part-payment day. | ||
Frequently asked questions
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
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.
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
