Lease Rental Discounting Interest Rates

Lease Rental Discounting - Fees and Charges

Bajaj Housing Finance Limited offers lease rental discounting at the following interest rates:

Rate of interest: BHFL- I-FRR*– Margin = 10.25% to 13%
BHFL- I-FRR* =13.70%

*Bajaj Housing Finance Limited Floating Reference Rate for institutional and developer finance cases

Bounce Charges
EMI bounce charges: Rs.3,600/bounce

Part-prepayment charges
For those times when you have extra money in hand, you can choose to prepay a portion of your loan, which in turn will reduce your overall tenure or EMIs.

Part prepayment charges are applicable if you choose to prepay more than 25% of your sanctioned loan amount. However, no charges will be levied for part prepayments done up to 25% of the loan amount in a fiscal year. This facility is allowed after the clearance of your first EMI. After 48 months, there will be no charges. Refer to the table mentioned below:
 

Borrower Type: Interest Type Time Period Part-prepayment Charges*
Individual: Floating rate More than 1 month from date of loan disbursal Nil
Non-Individual: Floating rate More than 1 month from date of loan disbursal 2% + taxes applicable
All borrowers: Fixed rate More than 1 month from date of loan disbursal 2% + taxes applicable

Part-prepayment made should be more than 1 EMI.
These charges are not applicable for the flexi interest-only loan and flexi term loan facilities.

Foreclosure Charges

Borrower Type: Interest Type Time Period Foreclosure Charges*
Individual: Floating rate More than 1 month from date of loan disbursal Nil
Non-individual: Floating rate More than 1 month from date of loan disbursal 4% + taxes applicable
All borrowers: Fixed rate More than 1 month from date of loan disbursal 4% + taxes applicable

Part-prepayment made should be more than 1 EMI.
These charges are not applicable for the flexi interest-only loan and flexi term loan facilities.