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Home Loan Starting 6.75%*

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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 along with transparent fees and charges. 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+ 3.25 % to RR+ 8.00% 7.25% to 12.00%
Repo Rate (RR) 4.00% Top up Floating RR+ 3.75 % to RR+ 8.00% 7.75% to 12.00%
Salaried Floating Reference Rate (SAL-FRR) 12.90% Home Loan Floating FRR-5.40% to FRR -0.90% 6.75% to 12.00%
Salaried Floating Reference Rate (SAL-FRR) 12.90% Top up Floating FRR-5.15% to FRR -0.90% 7.75% to 12.00%
Salaried Floating Reference Rate (SAL-FRR) 12.90% Loan Against Property Floating FRR-4.40% to FRR -0.90% 8.50% to 12.00%

 

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 Floating Reference Rate (SE-FRR) 13.30% Home Loan Floating FRR-4.80% to FRR +0.20% 8.50% to 13.50%
Self Employed Floating Reference Rate (SE-FRR) 13.30% Top up Floating FRR-4.30% to FRR +0.20% 9.00% to 13.50%
Self Employed Floating Reference Rate (SE-FRR) 13.30% Loan Against Property Floating FRR-3.30% to FRR +0.20% 10.00% to 13.50%

 

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.

FORECLOSURE CHARGES & PRE-PAYMENT CHARGES 

Floating Rate Loans: If all Borrowers and Co-Borrowers are Individuals 

Borrower Type: Interest Type Term Loan Flexi Term Loan Flexi Hybrid Loan
Time Period (Months) >1 >1 >1
Foreclosure Charges Nil Nil Nil
Part Payment Charges Nil Nil Nil

 

Floating Rate Loans: If any Borrower or Co-Borrower is a Non-Individual

Fixed Rate Loans: All Borrowers (including individuals)

Term Loan Flexi Term Loan Flexi Hybrid Loan
Time Period (Months) >1 >1 >1
Foreclosure Charges 4% * on Principal Outstanding 4%* on the available Flexi Loan Limit 4% * on Sanctioned Amount during Flexi Interest Only
Loan Repayment Tenure;
and
4%* on the available Flexi Loan Limit during Flexi Term Loan Tenure
Part Payment Charges 2% * on the Part- Payment Amount NA NA

* GST as applicable will be payable by the Borrower in addition to the Prepayment Charges.