Bajaj Home Finance Home Loan Interest Rates 2021

Today Bajaj Home Finance home loan interest rates are in the range of 6.80% to 6.85%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 6.80%.

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

Bajaj Home Finance Home Loan Scheme	Interest Rates
Bajaj Finance Home Loan	6.80% - 6.85%
Bajaj Finance Home Loan Balance Transfer	6.80% - 6.85%
Bajaj Finance Top-Up (Home Loan)	8.00% - 8.10%

The home loan interest rates in Bajaj Home Finance for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Self-Employed

Loan Amount	Rate
Upto ₹ 30 Lakh	6.80%
₹ 30 Lakh - ₹ 75 Lakh	6.80%
₹ 75 Lakh - 3 Cr	6.80%
Above ₹ 3 Cr	6.80%

Bajaj Home Finance has increased interest rates on home loan by 0.05% on 10 May, 2021. After the cut in Bajaj Home Finance home loan rates, the latest rates start from 6.80%. 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
10 May, 2021	6.75%	▲0.05%
08 Apr, 2021	6.85%	▼-0.05%
07 Apr, 2021	6.85%	▼-0.05%

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

Particulars	Bajaj Home Finance	SBI	HDFC
Interest Rate	6.80% - 6.85%	6.70% - 7.05%	6.75% - 8.20%
Processing Fees	Upto 0.35%	Min ₹ 10,000	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	₹ 763 per lakh	₹ 645 per lakh	₹ 649 per lakh

Bajaj Home Finance home loan processing charges are upto 0.35% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. on home loan which is typically non-refundable and has to be paid at the time of loan application. 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 0.35% of the loan amount;
Foreclosure Charges	Nil for floating rate home loans

Bajaj Home Finance home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Bajaj Home Finance at a lower rate of interest, without closing the account. However, you do 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 lowest home loan balance transfer rate of 6.80%.

Maximum Annual Percentage Rate (APR)

6.82% to 6.87%

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: 6.80% to 6.85% Processing Fee payable to: Upto ₹ 350 Fee payable to MyLoanCare: NIL Total Monthly Cost – From ₹ 763 for 20 Years ₹ 1,00,000 loan at 6.80% (lowest rate, longest time period) to ₹ 1,973 for 5 Years ₹ 1,00,000 loan at 6.85% (highest rate, shortest time period). This is inclusive of principal repayment. Annual Percentage Rate (APR) of charge including all applicable fees: 6.82% to 6.87% Total cost payable over loan tenure: ₹ 1,18,592 for 5 Years loan to ₹ 1,83,552 for 20 Years loan

✅What is Bajaj Home Finance Home Loan Interest Rate?

Bajaj Home Finance Home Loan interest rate ranges between 6.80% to 6.85%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

✅Has Bajaj Home Finance reduced home loan rates?

As per the current rates, Bajaj Home Finance has hiked its home loan rates by 0.05% from 6.75% to 6.80%. The new rates are effective from 10 May, 2021.

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

Bajaj Home Finance offers lowest Home Loan EMI of ₹ 763 per lakh availed at the lowest interest rate 6.80% for a maximum tenure of 20 years. you are paying an EMI more than ₹ 763 per lakh, you should consider the option for a loan transfer to Bajaj Home Finance from your existing bank.

• Floating rate on Bajaj Home Finance housing loan is linked to its PLR Rate, which is currently at 20.16%. When Bank offers a Home Loan at %, it applies a discount of 20.16% to its PLR Rate to arrive at this Home Loan rate.
• When RBI increases rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

✅What is the current Bajaj Home Finance Home Loan rate?

The current Bajaj Home Finance Home Loan rate starts from 6.80% with a processing fee of Upto 0.35%.Bajaj Home Finance housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Bajaj Home Finance offers different home loan rates for different home loan products.

✅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 home loan rates.

✅What are the interest rates of home improvement loans in Bajaj Home Finance?

You can avail of Bajaj Home Finance home loans for home improvement at regular home loan rates starting at 6.65%.

✅Can Bajaj Home Finance revise the home loan interest rates for their existing customers?

Bajaj Home Finance home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

✅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 6.80%, the home loan interest rate for women starts at %.

✅What is the Bajaj Home Finance home loan rate of ₹ 25 Lakh for 15 years?

Bajaj Home Finance home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Bajaj Home Finance provides home loan interest rate starting at 6.65%.

✅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.

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

Bajaj Home Finance home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.