Home loan fees & charges
With a home loan from Bajaj Finserv, you enjoy the benefit of a competitive interest rate alongside nominal fees and charges. Our offerings have transparent foreclosure and part-prepayment charges and there are no hidden charges whatsoever. This helps know the true cost of the loan and can aid repayment planning. Moreover, as an individual borrower with a floating home loan interest rate, you do not have to pay any foreclosure charges or part-prepayment charges during the home loan tenor.
Salaried Floating Reference Rate: 15.40%*
Home Loan Interest Rate (Floating) |
|
Loan Type |
Effective ROI (p.a.) |
Home Loan |
8.25%* to 17.00%* 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. |
The values in tables are subjected to change. To check the latest applicable interest rates, click here.
Foreclosure charges and part prepayment charges
Floating rate loans: If all borrowers and co-borrowers are individuals and the time period in consideration is under a month.
Loan type |
Foreclosure charges |
Part-prepayment charges |
Term loan |
NIL |
NIL |
Flexi loan |
NIL |
NIL |
Flexi hybrid loan |
NIL |
NL |
Fixed rate loans: All borrowers (including individuals) and the time period is under one month.
Loan type |
Foreclosure charges |
Part-prepayment charges |
Term loan |
4%* on principal outstanding |
2%* on the Part-Payment Amount |
Flexi loan |
4%* on the available flexi loan limit |
NIL |
Flexi hybrid loan |
4%* on sanctioned amount during flexi interest only loan repayment tenor; |
NIL |
* GST as applicable will be payable by the borrower in addition to the prepayment charges.
- For term loan, charges are calculated on the outstanding principal.
- For flexi interest-only loan, charges are calculated on the sanctioned limit.
- For flexi term loan, charges are calculated on the current dropline limit.
- Part-prepayment made should be more than 1 EMI.
- These charges not applicable for the Flexi Interest-only Loan and Flexi Term Loan facilities.
Other fees and charges
Bajaj Finserv FRR for cases booked prior to April 2018 was 12.95%
Types of fees |
Charges applicable |
Processing fees |
Up to 4% of the loan amount |
Loan statement charges |
NIL |
Interest and principal statement charges |
NIL |
EMI bounce charges |
Rs. 3,000/- |
Penal interest |
Up to 2% penal interest |
Secure fee |
Up to Rs. 4,999 |
Frequently asked questions on home loan fees and charges
Foreclosure charges are the fees that you pay when foreclosing your home loan. There is 4% + applicable taxes for fixed rate loans and loans taken by non-individuals from Bajaj Finserv.
For fixed rate loan and non-individuals on floating rates, there is a part-prepayment charge of 2% + applicable taxes.
You have to pay a home loan processing fee of Up to 4% of the loan amount
