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
EMI bounce charges: Rs.3,600/bounce
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:
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.
Lease Rental Discounting Eligibility and Documentation
Lease Rental Discounting FAQs
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