Online Home Loan Interest Rates

E-Home Loan - Fees and Interest Rates

When you take a loan from Bajaj Housing Finance Limited (BHFL), you get the benefits of attractive interest rates starting From 6.75%* along with transparent fees and charges & Instant approval. The fees and charges applicable on a loan are as follows:

Interest Rate for Salaried Borrower

Benchmark Rate (BR)	Prevailing BR	Loan type	Type of Rate	BR + Spread	Effective Rate of Interest (per annum)
Repo Rate (RR)	4.00%	Home Loan	Floating	RR+ 2.75% to RR+ 8.00%	6.75% to 12.00%
Repo Rate (RR)	4.00%	Top up	Floating	RR+ 2.75% to RR+ 8.00%	6.75% to 12.00%
Salaried Floating Reference Rate (SAL-FRR)	12.90%	Home Loan	Floating	FRR-6.15% to FRR +1.10%	6.75% to 14.00%
Salaried Floating Reference Rate (SAL-FRR)	12.90%	Top up	Floating	FRR-6.15% to FRR +2.10%	6.75% to 15.00%
Salaried Floating Reference Rate (SAL-FRR)	12.90%	Loan Against Property	Floating	FRR-4.65% to FRR -0.90%	8.25% to 15.00%

Interest Rate for Self-Employed borrower

Benchmark Rate (BR)	Prevailing BR	Loan type	Type of Rate	BR + Spread	Effective Rate of Interest (per annum)
Self Employed Reference Rate (SE-FRR)	13.3%	Home Loan	Floating	FRR - 5.05% to FRR + 0.70%	8.25% to 14.00%
Self Employed Reference Rate (SE-FRR)	13.3%	Top up	Floating	FRR - 5.05% to FRR + 1.70%	8.25% to 15.00%
Self Employed Reference Rate (SE-FRR)	13.3%	Loan Against Property	Floating	FRR - 4.80% to FRR + 4.70%	8.50% to 18.00%

Disclaimer

Bajaj Housing Finance charges an additional rate, called ‘spread,’ over the benchmark rate to arrive at the final lending rate. The spread varies on the basis of various parameters, including the bureau score, profile, segments, and approval from competent authorities, among others.
BHFL may grant loan below or above the documented rate of interest (upto 100 basis points) in deserving cases on exceptional basis under the powers of the competent authority, vested with them.
The above-mentioned rates are applicable to new loans sanctioned after August 2020 and not applicable to existing loans.
BHFL FRR was applicable on all types of loans booked by Bajaj Housing Finance till March 2018; however, it is only applicable to unsecured loans since April 2018.
The above benchmark rates are subject to change. Bajaj Housing Finance will update the current benchmark rates on this website in the event of a change.

*BHFL FRR was applicable for all types of loans (secured and unsecured) by the company on or before 18 March. Post 18 March, it is only applicable for unsecured loan.

E-Home Loan – Other Charges

TYPES OF FEES	CHARGES APPLICABLE
Processing fees	Up to 6% of the Loan amount
Mortagage fees	Rs 2359/-(Including GST)
Loan statement charges	NIL
Interest and principal statement charges	NIL
EMI bounce charges	Up to Rs. 3,000/-
Penal interest	Up to 2% Penal Interest
Secure fee	Up to Rs.4,999 (One time)

*Applicable following the first EMI clearance.

PREPAYMENT AND FORECLOSURE CHARGES

BORROWER TYPE: INDIVIDUAL	TERM LOAN	FLEXI LOAN
Time Period (months)	>1	>1
Foreclosure Charges	Nil	Nil
Part Payment Charges	Nil	Nil

Fixed Rate Loans: All Borrowers (including individuals)

BORROWER TYPE: NON-INDIVIDUALS	TERM LOAN	FLEXI LOAN
Time Period (months)	>1	>1
Foreclosure Charges	4% * on the Principal Outstanding	4%* on the Sanctioned Amount during the Flexi Interest Only Loan Repayment Tenor; and 4%* on the available Flexi Loan Limit during the Flexi Term Loan Tenor
Part Payment Charges	2% * on the Part- Payment Amount	NA