Fees and interest rates

Bajaj Finserv offers an online home loan at a competitive interest rate that starts at 8.50%* p.a. However, the interest rate that you can secure for your online home loan depends on your credit score, how closely you match the eligibility criteria, and other factors.

Salaried floating reference rate: 15.40%*

Home Loan Interest Rate (Floating)

Loan Type

Effective ROI (p.a.)

Home loan

8.50%* to 14.00%* p.a.

Top-up

9.80%* to 18.00%* p.a.


Self-employed floating reference rate: 15.60%*

Home Loan Interest Rate (Floating)

Loan Type

Effective ROI (p.a.)

Home loan

9.10%* p.a.

Top-up

10.00%* to 18.00%* p.a.


Other online home loan charges

Types of fees

Charges applicable

Processing fees

Up to 7%

Mortgage fees

Up to 7%

Loan statement charges

Nil

Interest and principal statement charges

Nil

EMI bounce charges

Rs. 500 to Rs. 10,000

Penal interest

24% per annum

Secure fee

Up to Rs. 10,000


*Applicable following 1st EMI clearance.

Foreclosure and prepayment charges

There are no foreclosure and prepayment charges levied on term loans, flexi term loans or flexi hybrid loans, if the time period is under a month and the rate of interest, they have opted for is a floating rate.

However, if the interest rate is fixed, following is how the prepayment and foreclosure charges is calculated, assuming the time period is under a month.

Time period: >1

Foreclosure charges

Part-prepayment charges

Term loan

4%* on principal outstanding

2%* on the part-prepayment amount

Flexi-term loan

4%* on the available Flexi loan limit

NA

Flexi-hybrid loan

4%* on sanctioned amount during Flexi interest-only
loan repayment tenor;
and
4%* on the available Flexi loan limit during Flexi term loan tenor

NA

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

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