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✓ Home Loan Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.25%

Bajaj Housing Finance Home Loan Balance Transfer Charges

The rate of interest on house loans is usually lower than what you have to pay on other types of loans such as personal loans and education loans. You can easily avail a home loan from Bajaj Housing Finance at Bajaj MARKETS at really affordable interest rates starting from just 8.70% per annum onwards.

Applicant Type

Rate of Interest

Salaried

8.70% onwards

Self Employed 

8.70% onwards

 

The interest rates are subject to policy changes of Bajaj Housing Finance Limited

Foreclosure Charges & Pre-Payment Charges

Foreclosure Charges Grid from Home Loan Balance Transfer

Borrower Type/Interest Type

Time Period (Months)

Foreclosure Charges

Individual: Floating rate*

Greater than 1 Month

Nil

Non-individual: Floating rate

Greater than 1 Month

4% plus GST

All borrowers: Fixed rate*

Greater than 1 Month

4% plus GST

 

For Term Loan, charges are calculated on the outstanding principal.*

Prepayment Charges Grid for Home Loan Balance Transfer

Borrower Type/Interest Type

Time Period (Months)

Prepayment Charges

Individual: Floating rate*

Greater than 1 Month

Nil

Non-individual: Floating rate

Greater than 1 Month

2% plus GST

All borrowers: Fixed rate*

Greater than 1 Month

2% plus GST

 

For Term Loan, charges are calculated on the outstanding principal.*

Frequently Asked Questions

✔️Is balance transfer a good idea for home loan?

Balance transfer can be beneficial in terms of a lower rate of interest and top-up loan options.

✔️Can home loan be transferred to another person?

Yes. Provided the person is eligible for Home Loan and you are able to foreclose the loan.

✔️Can I transfer my home loan to another bank after availing the PMAY benefit?

Yes. The home loan should, however, be availed after 17 June 2015.

✔️What is the maximum limit for the transfer of amount?

The maximum limit for transfer is Rs. 2.5 Cr.

✔️When should I avail the home loan balance transfer?

You should avail transfer facility; in case you are currently paying a higher rate of interest.

✔️When should I not consider transferring my home loan?

You must not consider transferring your home loan if:

  • You must pay prepayment charges to your current bank
  • You are planning to sell the property in the near future