Fees and interest rates
Bajaj Finserv offers an online home loan at a competitive interest rate that starts at 8.25%* 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 |
8.25%* 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. |
Other online home loan charges
Types of fees |
Charges applicable |
Processing fees |
Up to 4% |
Mortgage fees |
Up to 4% |
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 |
NA |
* GST as applicable will be payable by the borrower in addition to the prepayment charges.
