Bajaj Housing Finance Home Loan Balance Transfer Charges
Here are the various charges associated with Bajaj Housing Finance Home Loan Balance Transfer:
Applicant Type |
Rate of Interest |
Salaried |
7.3% onwards |
Self Employed |
8% 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.*
- ICICI Home Loan Balance Transfer EMI Calculator
- PNB Home Loan Balance Transfer EMI Calculator
- Union Bank Home Loan Balance Transfer EMI Calculator
- ICICI Home Loan Balance Transfer Interest Rates
- PNB Home Loan Balance Transfer Interest Rates
- Union Bank Home Loan Balance Transfer Interest Rates
- Bajaj Home Loan Balance Transfer Eligibility
- ICICI Home Loan Balance Transfer Eligibility
- PNB Home Loan Balance Transfer Eligibility
- Union Bank Home Loan Balance Transfer Eligibility
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.
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✔️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.
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✔️What is the maximum limit for the transfer of amount?
The maximum limit for transfer is Rs. 5 Crores.
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✔️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.
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✔️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
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