Bajaj Housing Finance Home Loan Interest Rates

Benchmark Rate (BR)

Prevailing BR

Loan type

Type of Rate

BR + Spread

Effective Rate of Interest (per annum)

Repo Rate (RR)

4.00%

Home Loan

Floating

RR+ 3.50 % to RR+ 8.00%

7.50% to 10.00%

Salaried Floating Reference Rate (SAL-FRR)

12.90%

Home Loan

Floating

FRR-5.40% to FRR -0.90%

7.50% to 10.00%

Self Employed Floating Reference Rate (SE-FRR)

13.30%

Home Loan

Floating

FRR-4.80% to FRR +0.20%

7.50% to 10.00%

Benchmark rate is the rate of interest which is a standard to calculate the other the rate of interest. Repo rate is the rate at which the Reserve Bank of India provides funds to financial institutions in case there is a shortage.

The floating rate (FRR), as the name suggests, changes as per the change in the reference rate of interest. The additional value that is appended with FRR is the spread rate which is basically the percentage difference of how much a bank charges a borrower and how much the depositor pays to the bank.

All the interest rates mentioned are subject to change as per the policies of Bajaj Housing Finance Limited.

Foreclosure Charges & Pre-Payment Charges

At Finserv MARKETS, you can foreclose your Bajaj Housing Finance Home Loan. Foreclosure is the closure of the loan before the actual term ends. Take a look at charges associated with it.

  • Foreclosure Charges Grid for Home Loan

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. *

  • Pre-payment Charges Grid for Home Loan

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

2% plus GST

All borrowers: Fixed rate*

Greater than 1 Month

2% plus GST

Frequently Asked Questions

  • ✔️What is the current Bajaj Housing Finance home loan interest rate?

    The current Bajaj Housing Finance home loan interest rate ranges between 7.5%-10%.

  • ✔️How much financing can I get on Bajaj Housing Finance home loan?

    You can avail a Bajaj Housing Finance home loan of up to Rs. 2.5 Crore on Finserv MARKETS.

  • ✔️What is the benchmark rate applicable for Mortgage loan?

    The benchmark rate applicable for mortgage loan is Repo rate(RR).