Loan Against Property Interest Rates

Loan Against Property – Fees and Charges

When you take a loan against property from Bajaj Housing Finance Limited, you get the benefits of attractive interest rates along with transparent fees and charges. The fees and charges applicable on a loan against property are as follows:

Interest Rates Charges Applicable
Regular interest rate (salaried individuals) BHFL-SAL FRR* – Margin = 10.10% to 11.50%
Regular interest rate (self-employed individuals) BHFL-SE FRR* – Margin = 10.50% to 14.50%
*BHFL-SAL FRR (Bajaj Housing Finance Limited Floating Reference Rate for salaried individuals) 12.90%
*BHFL-SE FRR (Bajaj Housing Finance Limited Floating Reference Rate for self-employed individuals) 13.30%

*The Bajaj Housing Finance Limited Floating Reference Rate for loans against property booked before April 2018 was 12.95%.

Other Fees and Charges Charges Applicable
Processing fee Up to 6%
Loan statement charges NIL
Interest and principal statement charges NIL
EMI bounce charges Rs.3,000
Penal interest 2%
Secure fee Up to Rs.4,999 (one time)

*For term loan, charges will be calculated on the outstanding principal amount.

*For flexi interest-only loan, charges will be calculated on the sanctioned limit.

*For flexi term loan, charges will be calculated on the current dropline limit.

Part-prepayment Charges

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 greater than 1 EMI.

*These charges are not applicable for the flexi interest-only and flexi term facilities.