Home Loan Balance Transfer Calculator: Calculate savings on transferring your existing home loan balance to Bajaj Finserv by using our balance transfer calculator.
Total Sanctioned Loan Amount (in Rs.)*INR
Rs. 0Total amount saved with loan transfer to Bajaj Finserv
Rs. 0Top-up loan eligible amount
Rs. 0New loan eligible amount
Bajaj Finserv brings Top-up Loan as an exclusive financing option for expenses besides the ones covered by the home loan. Customers who opt for our balance transfer facility can borrow funds over and above the existing home loan amount. It not only speeds up the process of availing additional funding but also saves time.
Avail top-up loan up to Rs. 50 Lakh with a Home Loan Balance Transfer Apply Now!!
Whether to improve your home’s exterior and interior or carry out house renovation and repair, top-up on Home Loan Balance Transfer becomes the ultimate financing option. You can also utilise this top-up amount to meet other big-ticket expenses such as funding your child’s overseas education, marriage costs, expenses for travelling abroad and many more.
Transfer your Home loan balance to Bajaj Finserv and get top-up loan up to Rs. 50 Lakh* with it. Its attractive features and benefits make it a compelling funding option.
Bajaj Finserv offers the top-up facility at a lower rate of interest compared to your existing lender. Reduce the burden of interest payment and manage finances effectively over time with this facility.
Availing a Top up Loan is easy and requires you to furnish no extra documents for the approval.
Bajaj Finserv offers a high-value top-up amount if the property’s value is high. Depending on this value, the loan amount can be more than the initial Home Loan availed.
While you can meet home construction and renovation expenses with the top-up amount availed on Home Loan Balance Transfer, you can also use it to meet any other necessary financing requirements as well.
Track this loan amount through online account management on Bajaj Finserv’s digital customer portal.
If you wish to repay the loan amount before the tenor ends, use our foreclosure and part-prepayment facility.
Under Section 24 of the Income Tax Act, you can also claim income tax deduction up to Rs. 2,00,000 on the payable Top up Loan interest. You also get home loan tax benefits on Top up Loan of up to Rs. 50,000 on the interest under Section 80EE of the Income Tax Act.
Fill up the online application form to complete the application process.
Use our Top up Loan calculator to calculate the loan amount you need to apply for and meet your financial needs with ease.
All customers who choose to go for our balance transfer facility can avail the top up amount by meeting simple top up Home Loan eligibility and documentation. Furnish the documents required for top up Home Loan.
Get the lowest Top up Loan interest rates in India and other transparent fees with Bajaj Finserv.
Know the interest rates to calculate the monthly outflow of cash in the form of EMI to repay the top up amount. You can calculate it with our online tool Home Loan EMI calculator.
Bajaj Finserv offers the lowest home loan interest rate in India, thus making repayment easy and affordable.
|Interest rates & fees - Types||Applicable charges|
|The regular rate of interest (for salaried individuals)||BFL-SAL FRR* - Margin between 6.70%* and 10.30%|
|The regular rate of interest (for self-employed)||BFL-SE FRR* - Margin between 6.70%* and 11.15%|
|For salaried – Promotional rate of interest||6.70%* onwards|
|*Bajaj Finance Limited Floating Reference Rate for Salaried customers (BFL-SAL FRR)||20.90%|
|*Bajaj Finance Limited Floating Reference Rate for Self Employed customers (BFL-SE FRR)||20.90%|
**Loan up to 30 lakhs, for new customers
|Sr. No.||Other types of charges||Applicable charges|
|1.||Loan processing fees||Up to 1.20% for self-employed individuals
Up to 0.80% for salaried individuals
|2.||Charges for a loan statement||Rs. 50|
|3.||Charges for interest and principal statement||NIL|
|4.||Bounce charges on EMI||Rs. 3,000|
|5.||Secure fee (One time)||Rs. 9,999|
|6.||Penal interest||2% every month along with applicable taxes|
|7.||Non-refundable mortgage origination fees||Rs. 1,999|
*Also, know the transparent foreclosure and part-prepayment charges on this loan so that you can plan the repayment better. If you are an individual borrower whose Housing Loan interest rate is calculated on floating rates, you do not need to pay any part-prepayment and foreclosure charges.
|Sr. No.||Type of Interest: Type of Borrower||Part-prepayment charges||Period in months|
|1.||Floating rate: Individual||Nil||>1|
|2.||Floating rate: Non-individual||2% + taxes as applicable||>1|
|3.||Fixed rate: All borrowers||2% + taxes as applicable||>1|
|Sr. No.||Type of Interest: Type of Borrower||Foreclosure charges||Period in months|
|1.||Floating rate: Individual||Nil||>1|
|2.||Floating rate: Non-individual||4% + taxes as applicable||>1|
|3.||Fixed rate: All borrowers||4% + taxes as applicable||>1|
A top-up loan is an additional credit that can be availed of over and above an existing loan and when opting for a balance transfer. A top-up loan does not come with any end-use restrictions and requires minimum documentation.
A borrower who has an existing home loan that he/she is transferring to Bajaj Housing Finance is eligible for a top-up loan. The additional loan can be availed of only after the applicant has already made a certain number of EMI payments towards the existing loan.
The documents required for a top-up loan include:
You may need to submit other documents as mandated.
You can avail a sizable amount as a top-up loan. The loan amount varies depending on factors such as your repayment history, the home loan amount repaid, and your credit score.
You can opt for a top-up loan when you avail of the home loan balance transfer facility. So, once the balance transfer process is initiated, you can apply for this additional advance alongside and utilise the funds to cover any expense(s) of your choice.