|Interest Rate for Salaried||8.60% p.a. onwards|
|Interest Rate for Self-employed||9.35% p.a. to 11.15% p.a.|
|Processing Fee||Up to 6% of the loan amount|
It’s recommended that you calculate your EMI (Equated Monthly Instalment) and processing fee beforehand to manage finances in a better way. Also, that way you will be able to compare Bajaj Housing Finance Limited with other home financing schemes offered by different financial institutions.
In order to that, you can use BankBazaar Bajaj Housing Finance Limited EMI Calculator. The entire process is quite simple and hassle-free. All you need to do is enter the relevant details related to your loan. This will include the amount, tenure, interest rate, and processing fee. Hit “calculate” to check the instalment amount and processing fee. This will be followed by an amortisation table giving you a complete breakdown of your payment schedule.
|Type of Employment||Salaried or self-employed|
Yes, you can get interest subsidy of up to 6.5% under the Pradhan Mantri Awas Yojana (PMAY) scheme, provided you are eligible.
Yes, the lender offers balance transfer facility that lets you transfer your existing home loan to Bajaj Housing Finance Limited loan account. You can opt for this facility if you find that you are paying more in interest on your loan with the concerned bank or if you are not happy with their services. In such cases you can transfer your loan and make repayments at a lower rate. You can also get a top-up loan on your existing home loan with Bajaj Housing Finance Limited.
You can get a maximum of Rs.3.5 crore as home loan with Bajaj Housing Finance Limited.
Yes, you can sign up for customised insurance schemes that will protect your family from the burden of repaying the loan during unforeseen events.
If you have opted for a floating rate home loan, you don’t have to pay any prepayment charges. However, if you have opted for a fixed rate home loan, you have to pay 2% (plus taxes) as prepayment charge and 4% (plus taxes) as foreclosure charge.
You should have a CIBIL score of 750 or above to get the loan.
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