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Bajaj Home Finance Home Loan Interest Rates 2022

Bajaj Home Finance Housing Loan Interest Rate -Today

Last Updated 18th Feb 2022

  • Current Bajaj Home Finance Home Loan interest rates May 2022 starts at 6.75% p.a. for a maximum tenure of 20 years.
  • The processing fee on Bajaj Home Finance housing loans is Upto 0.30%. Check Best Offers.
  • Use Bajaj Home Finance home loan interest calculator to calculate EMI on lowest rates.
Interest Rate General 6.75% - 14.00%
Interest Rates for Women 6.75%
Benchmark rate PLR
Processing Fees NIL
Part Payment/Foreclosure Charges Nil for floating rate home loans
Balance Transfer Rates 6.50%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Voucher

Bajaj Home Finance Home Loan Interest

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 Housing Loan Processing Fee and Other Charges

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

Interest Rates on Bajaj Home Finance Home Loans Schemes

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%

Bajaj Home Finance Home Loan Interest Rate for Salaried and Self-Employed

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%

Bajaj Home Finance Bank Home Loan Interest Rate For Women & Govt Employee

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 Home Loan Balance Transfer Interest Rates

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%.

Illustration on Home Loan Interest Rate Bajaj Home Finance
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

Bajaj Home Finance Home Loan Rate Trends (Historical)

Bajaj Home Finance has increased interest rates on home loans by 0.1% on 28 Apr, 2022. After the increase in Bajaj Home Finance home loan rates, the latest rates start from 6.75%. The past home loan interest rate trend of Bajaj Home Finance is as below:
Last Revised Date Lowest Home Loan Interest Rate of Bajaj Home Finance Rate Difference
28 Apr, 20226.65% 0.1%
19 Jan, 20226.65% 0.1%
07 Oct, 20216.80% -0.05%
04 Oct, 20216.80% -0.05%
21 Jun, 20216.80% -0.05%

FAQs

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.


Bajaj Home Finance Home Loan Reviews 4.9/5  by 7 customers
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5/5.0
Banks Service
4.9/5.0
Nithin, Bangalore
Reviewed on 25th Mar 2022
5 / 5 stars
Bajaj Home Finance Home Loan Availed in Mar 2022

Good service. Multiple leads. Quick. Completed in 2 weeks.Read more...

Pankaj, Pune
Reviewed on 17th Jan 2022
5 / 5 stars
Bajaj Home Finance Home Loan Availed in Aug 2021

Excellent & efficient service with prompt turnaround and best offers. Thanks Read more...

Gurpreet, Delhi
Reviewed on 21st Sep 2021
5 / 5 stars
Bajaj Home Finance Home Loan Availed in Sep 2021

Good experience so far with the site who provided the services.Read more...

Sandeep, Bangalore
Reviewed on 25th Jun 2021
5 / 5 stars
Bajaj Home Finance Home Loan Availed in Apr 2021

MyLoanCare helped me with the contact and get all the queries answered. Thank you.Read more...

Shayak, Hyderabad
Reviewed on 22nd Jun 2021
5 / 5 stars
Bajaj Home Finance Home Loan Availed in Jun 2021

Helping staff. Responsive team members. Did not get desired amount.Read more...

Harish, Gurgaon
Reviewed on 31st May 2021
5 / 5 stars
Bajaj Home Finance Home Loan Availed in Apr 2021

It was wonderful and amazing experience with MyLoanCare. I got loan within my requirement in 15 daysRead more...

prabhul, Pune
Reviewed on 31st May 2021
4.5 / 5 stars
Bajaj Home Finance Home Loan Availed in Mar 2021

Got home loan as expected. MyLoanCare supported us well. Read more...

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Bajaj Home Finance Home Loan News - May 2022
  • 2022-02-18 : Bajaj Housing Finance Extends Validity of Festive Home Loan Interest Rate
    Bajaj Housing Finance Limited has extended the validity of the festive home loan interest rate, starting at 6.65%. The offer is valid for eligible applicants who apply through the official website till 28 February.
  • 2022-02-16 : Bajaj Finance Overcomes HDFC in Terms of Market Shares
    By market capitalisation, Bajaj Finance has briefly overtook HDFC as the biggest non-banking finance company (NBFC) in India. As a result, the market capitalisation of Bajaj has reached Rs 4,17 385 crore.
  • 2022-01-19 : Bajaj Home Finance Revises Home Loan Interest Rates
    Bajaj Home Finance has decreased home loan rates, and as a result, you can avail of a home loan at the lowest rates starting at 6.65%.
  • 2022-01-19 : Bajaj Finance Q3 Net up 84% on Income Growth.
    Bajaj Finance Ltd (BFL) has reported an 84 per cent year-on-year (YoY) jump in third-quarter standalone net profit. The growth has been seen on the back of healthy growth in net interest income, fees and commission income and other operating income.
  • 2021-12-30 : Bajaj Home Finance Reduces Home Loan Rates
    Bajaj Home Finance has reduced the home loan rates by 15 basis points to 6.65%. The new rates are effective till January 26.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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