Home Loan - Fees and Interest Rates

For Salaried

Promotional Interest Rate for Salaried = 8.60%** onwards

*BHFL-SAL FRR (Bajaj Housing Finance Limited Floating Reference Rate for Salaried customers) – 12.90%
 

For Self-employed

Home Loan: BHFL-SE FRR* – Margin = 9.35% to 11.15%

*BHFL-SE FRR (Bajaj Housing Finance Limited Floating Reference Rate for Self Employed customers) – 13.30%
** Loan up to 30 Lakhs

BHFL FRR for cases booked prior to April 2018 was 12.95%

Other charges

TYPES OF FEES CHARGES APPLICABLE
Processing fees Up to 6% of the Loan amount
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 1st EMI clearance. 

Part Prepayment Charges & Foreclosure 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.