Bajaj Home Finance Home Loan Interest Rates 2022

Bajaj Home Finance offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.75%. Apart from the interest rate, the bank also has various other charges such as Bajaj Home Finance processing fee and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

• Current Bajaj Home Finance Bank housing loan interest rates range between 6.75% to 14.00% for male borrowers.
• Bajaj Home Finance home loan interest for women borrowers is less than the general housing loan rates and starts at 6.75%.
• Existing customers can get the lowest Bajaj Home Finance bank home loan rate by negotiation with the bank.

Bajaj Home Finance home loan processing charges are upto 0.30% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees	Upto 0.30% of the loan amount;
Part Prepayment Charges	Allowed
Foreclosure Charges	Nil for floating rate home loans

Bajaj Home Finance offers a housing loan interest rate of 6.75%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, Bajaj Home Finance home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are Bajaj Home Finance home loan rates for multiple housing schemes.

Bajaj Home Finance Home Loan Scheme	IR Salaried (Male)	IR Salaried (Female)	IR Self-employed (Male)	IR Self-employed (Female)
Bajaj Finance Top-Up (Home Loan)	7.80%	7.80%	7.80%	7.80%
Bajaj Finance Home Loan Balance Transfer	6.85%	6.85%	6.85%	6.85%
Bajaj Finance Home Loan	6.75%	6.75%	6.75%	6.75%

The home loan interest rates in Bajaj Home Finance for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount	Rate
Upto ₹ 40 Lakh	6.75%
₹ 40 Lakh - ₹ 50 Lakh	6.75%
₹ 50 Lakh - 75 Lakh	6.75%
Above ₹ 75 Lakh	6.75%

Housing Loan Interest Rate for Self-Employed

Loan Amount	Rate
Upto ₹ 40 Lakh	6.75%
₹ 40 Lakh - ₹ 50 Lakh	6.75%
₹ 50 Lakh - 75 Lakh	6.75%
Above ₹ 75 Lakh	6.75%

Loan Amount	Bajaj Home Finance Home Loan Interest For Women	Bajaj Home Finance Home Loan Interest For Govt Employee
Upto ₹ 40 Lakh	6.75%	6.75%
₹ 40 Lakh - ₹ 50 Lakh	6.75%	6.75%
₹ 50 Lakh - 75 Lakh	6.75%	6.75%
Above ₹ 75 Lakh	6.75%	6.75%

Bajaj Home Finance offers multiple home loan schemes at affordable interest rates. However, you must compare between Bajaj Home Finance housing loan interest and other bank’s home loan rates before applying:-

Particulars	Bajaj Home Finance	SBI	HDFC
Interest Rate	6.75% - 14.00%	6.65% - 7.05%	7.00% - 7.95%
Processing Fees	Upto 0.30%	NIL	Min ₹ 3,000
Loan Tenure	20 Years	30 Years	30 Years
Maximum Loan Amount	₹ 3.50 Cr	₹ 7 Cr	₹ 5 Cr
Age	25 - 70 Years	18 - 70 Years	24 - 65 Years
Benchmark Rate	PLR	RLLR	PLR
Lowest EMI Per Lakh	₹ 760 per lakh	₹ 642 per lakh	₹ 665 per lakh

Bajaj Home Finance home loan balance transfer facility is ideal for existing home loan customers paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Bajaj Home Finance at a lower interest rete without closing the account. However, you need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Bajaj Home Finance offers the loan balance transfer rate of 6.50%.

Maximum Annual Percentage Rate (APR)

6.77% to 14.02%

Representative example of the total cost of the loan, including all applicable fees

Here is an illustration of the total cost of the loan: Total amount borrowed: ₹ 1,00,000 Time period: 5 Years to 20 Years Bajaj Home Finance Home Loan Interest Rate: 6.75% to 14.00% Processing Fee payable to: Upto ₹ 350 Fee payable to MyLoanCare: NIL Total Monthly Cost – From ₹ 760 for 20 Years ₹ 1,00,000 loan at 6.75% (lowest rate, longest time period) to ₹ 2,327 for 5 Years ₹ 1,00,000 loan at 14.00% (highest rate, shortest time period). This is inclusive of principal repayment. Annual Percentage Rate (APR) of charge including all applicable fees: 6.77% to 14.02% Total cost payable over loan tenure: ₹ 1,18,451 for 5 Years loan to ₹ 1,82,836 for 20 Years loan

✅Is Bajaj Home Finance home loan a floating rate loan or a fixed-rate loan?

Bajaj Home Finance offers home loans at both fixed and floating rates. In the case of the fixed rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

✅What is the Bajaj Home Finance home loan interest rate for existing customers?

Existing customers of Bajaj Home Finance who have any other loan accounts or investment accounts in Bajaj Home Finance can get a discounted rate than the general Bajaj Home Finance bank home loan interest rate. The current Bajaj Home Finance home finance rate of interest is 6.75%.

✅What is the Bajaj Home Finance home loan rate today?

Bajaj Home Finance offers home loan interest rate today is in the range of 6.75% to 14.00%. The bank does not charge any processing fees on the home loan amount. You can get the lowest Bajaj Home Finance interest rate if you have a good CIBIL and existing relationship with the bank.

✅Why should I opt for balance transfer to Bajaj Home Finance?

Bajaj Home Finance offers the lowest balance transfer rates on housing loans. At the lowest rates, your housing loan EMI will be ₹ 760. If you are paying an EMI of more than ₹ 760, you should transfer your outstanding loan from the existing bank to Bajaj Home Finance. Apart from the discounted rates, you can also avail of flexible loan tenure, top-up loans and other benefits.

✅Can Bajaj Home Finance housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Bajaj Home Finance to lower the Bajaj Home Finance interest rates. Apart from the home loan rates, you can also negotiate over the processing fee.

✅Does Bajaj Home Finance offer a concessional home loan interest rate for women?

Yes, Bajaj Home Finance offers special home loan interest rates for women. As against Bajaj Home Finance home loan rates for male which is 6.75%, the home loan interest rate for women starts at %.

✅At what interest rate does an Bajaj Home Finance employee get a home loan?

Bajaj Home Finance offers concessional home loan rates of about 1% than the current home loan rates to Bajaj Home Finance employees.