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Home Loan Interest Rates and Processing Fees - Overview

 At Finserv MARKETS, you can avail a home loan at attractive interest rates.

  • Term Loan

Term Loan

Promotional Rate: 8.80% onward for salaried individuals.

Regular Rate: 8.95% to 9.25% for salaried individuals.

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 applicable charges
All borrowers: Fixed rate* Greater than 1 Month 4% plus applicable charges

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

For Flexi Term Loan, charges are calculated on the current dropline limit.*

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 applicable charges
All borrowers: Fixed rate* Greater than 1 Month 2% plus applicable charges

Part-prepayment made should be more than 1 EMI payment

These charges not applicable for Flexi Term Loan facilities.

  • Processing Fees

    Rs. 4,999
    Exclusive of GST
  • EMI Bounce Charges

    Rs. 3000
    Per bounce exclusive of GST
  • Penal Interest

    Per month on Overdue EMI
  • Convenience Fees

    Rs. 9,999
    Exclusive of GST
  • Mortgage Origination Fee

    Rs. 1999
    Inclusive of GST
  • Interest and Principal Statement Charges


*The above charges are excluding taxes 
These are indicative and subject to change at the discretion of lender/ without prior notice.

For definitions of the terms marked with (*), please refer to 'Glossary of Terms' in the FAQ section.

Am I Eligible to get a home loan?

The eligibility criteria depends on your nationality, age and your work experience. Use our home loan eligibility calculator to find out the loan amount that you are eligible for.

What are the documents required for a home loan?

The documents that need to be submitted would be dependent on your occupation status i.e. self-employed or salaried.

It would range from your identification documents to your address proof and bank statements.

Check out the entire list of documents required for home loan.

Why Avail a Home Loan from Finserv MARKETS?

We, at Finserv MARKETS, provide flexible repayment options with attractive interest rates, minus the tedious paperwork. There is also the convenience of availing home loans up to Rs. 3.5 Crores with rapid loan disbursal. Getting a Home Loan on Finserv MARKETS is a hassle-free process, as you have to submit minimal documentation and the process is completely online. What’s more? You can avail exciting benefits such as such as flexible repayment, balance transfer, and top-up options.

Frequently Asked Questions on Home Loans

✔️Is it mandatory to have a co-applicant when applying for a home loan? If yes, who can be a co-applicant for my home loan?

If someone is the co-owner of the property in question, then it would be necessary for that person to be the co-applicant for the home loan. However, if you are the sole owner of the property then any member of your family can be the co-applicant.

✔️Is Provisional Interest Certificate provided to the customer?

Yes! You can do this by simply logging into our online Customer Portal. The Provisional Interest Certificate will give you the breakup of the principal and interest of your scheduled EMIs for the complete financial year. This can be used for claiming tax deduction under Section 80C and Section 24 of the Income Tax Act, 1961.

✔️Does the Income Tax certificate change when home loan balance transfer rates change?

Yes! Your Provisional Income Tax Certificate can change based on certain circumstances like changes in interest rate etc. It does not consider any future changes that may take place on the EMI, Principal or Interest. It is calculated on the “current basis”.

✔️How will the Equated Monthly Installments (EMI) on my Bajaj Finserv pre-approved loan be calculated?

Your EMI is based on the principal amount borrowed and the interest rate charged on it.

✔️What are the different options for making EMI payments on my Bajaj Finserv pre-approved loan?

There are two ways to make your EMI payments. An Electronic Clearing Service (ECS) that’s convenient and easy through your existing bank account. You could also make your payments by handing in a set of post-dated cheques (PDCs) ahead of time from any bank account. However, this option is available only for those individuals in non-ECS locations.

✔️I have applied for a quick home loan on a floating rate of interest. How will an increase in this rate of interest impact me?

If there is an unexpected increase in interest rates, we would do everything in our capacity to make things easier for you. The first step in this process would be to increase your loan tenure within permissible limits. If this doesn’t work, we would then have to increase the EMI. Other options in such a scenario include making a partial prepayment or choosing to make a part-prepay online via our Customer Portal.

✔️What is Mortgage Origination Fee?

Mortgage origination fee is simply a cost meant for the verification done by a Financial institution in order to provide a Mortgage loan. The Costs included under the loan origination fee include: • Property Valuation • Property Title verification • Underwriting verification.

✔️What is the processing fee for Home Loans?

The processing fee covers the cost of credit appraisal. It usually ranges between 0.50% – 1.00% of the home loan amount plus applicable taxes.

✔️How to calculate the home loan interest rate?

Your home loan interest rate is calculated on a daily basis and the interest is charged at the end of each month. The lender will take the outstanding loan amount and multiply it by the interest rate that is applicable on the home loan, the amount then gets divided by 365 days. At the end of the month, the interest rate gets added together and charged on your home loan. You can make use of the home loan interest rate calculator to check your interest repayments.

✔️What are the main factors that affect interest rate of home loan?

Given below are the factors affecting your home loan interest rate 1. Borrower's Credit Score 2. Prevailing MCLR Rates 3. The location of the home 4. Value of the property