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Bajaj Housing FinanceHome LoansREPO + 1.95% spread

Bajaj Housing Finance Home Loan

Listed HFC benchmarked to RBI Repo rate (NHB RLLR aligned) · Doorstep service across 200+ Indian cities · Top-up loan facility up to ₹1 Cr without fresh collateral · Pre-approved offer for select salaried customers

Starting rate8.45%p.a. onwards
Max LTV90%Asset value
Max tenure30 years360 months
Customize this example for your borrowing needs.
Customize repaymentApply on Bajaj Housing FinanceBank site · opens in a new tab
Mathematical Grounding

True Cost & Day-1 Cash Breakdown

Representative scenario for ₹50,00,000 loan over 20 years at CIBIL 750+.

Day-1 Upfront Cash Outflow₹19,030

This cash must be paid out-of-pocket before disbursement and is not added to your loan EMI.

Processing Fee₹8,500
18% GST₹1,530
Legal & Valuation₹9,000
Estimated Monthly EMI₹43,233Per month for 240 installments
Total Lifetime Interest₹53,75,920Net interest outgo over 20 years
Total Lifetime Outgo (Principal + Interest + Day-1 Cash):₹1,03,94,950
CredSutra Intelligence

Decision Verdict & Mathematical Edge

Our algorithmic evaluation balances starting benchmark spreads against upfront processing loads and fine print restrictions.

Maths for it

  • +Industry-leading starting rate of 8.45% p.a., keeping lifetime interest outgo competitive.
  • +RBI-mandated 0% prepayment penalty: Accelerate principal amortization without exit penalties.

Maths against

  • −Processing fee of 0.3% (cap ₹8,500) + 18% GST adds to initial disbursement overhead.
  • −Self-employed applicants face a +25 BPS (0.25%) risk adjustment spread over base card rates.
Customize this scenario
Credit Score Sensitivity

CIBIL Tier Rate Ladder

Self-employed risk loading: +25 BPS
CIBIL score bandBorrower tierIndicative salaried rateIndicative self-employed rateEst. monthly EMI (₹50,00,000)
750 – 900Prime borrower8.45% – 9.05%8.70% – 9.30%₹43,233
700 – 749Good standing9.05% – 9.65%9.30% – 9.90%₹45,147
650 – 699Standard / fair9.65% – 10.30%9.90% – 10.55%₹47,097
Contract Details

Contract Fine Print & Clauses

Rate Reset Frequency

Reset on the first day of the month following RBI Repo rate revision

Overdraft / Smart Saver Facility

Not available on this product tier

RBI 0% Foreclosure Penalty Mandate

Under RBI Master Directions, no bank, HFC, or NBFC can charge prepayment penalties or foreclosure charges on floating rate term loans sanctioned to individual borrowers.

Bank notes: Nil prepayment and foreclosure charges for individual floating-rate home loans under RBI Master Directions on Housing Finance.

Borrower Verification

Eligibility Highlights

  • Resident Indian salaried or self-employed
  • Age 21 to 70 years (loan maturity)
  • Minimum 2 years of stable employment or business vintage
Loan amount range

₹5,00,000 up to ₹10,00,00,000

Lender Alternatives

Compare alternatives in Home Loans

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Canara Bank

Canara Bank Housing Loan

Starting at 7.15% p.a.
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Punjab National Bank

PNB Max Saver Housing Loan

Starting at 8.10% p.a.
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State Bank of India

SBI Regular Home Loan

Starting at 8.40% p.a.
Read review

Frequently Asked Questions

What is the current interest rate and benchmark spread for Bajaj Housing Finance Home Loan?
Bajaj Housing Finance Home Loan offers interest rates starting from 8.45% up to 10.30% p.a., structured as REPO + 1.95% spread.
Are there prepayment or foreclosure charges on Bajaj Housing Finance Home Loan?
Under RBI Master Directions, banks and lending institutions are strictly prohibited from charging prepayment or foreclosure penalties on floating-rate retail loans to individual borrowers. Nil prepayment and foreclosure charges for individual floating-rate home loans under RBI Master Directions on Housing Finance.
What is the Day-1 upfront cash requirement for Bajaj Housing Finance Home Loan?
For a representative principal of ₹50,00,000, the total Day-1 upfront cash outflow is approximately ₹19,030, comprising ₹8,500 processing fee + ₹1,530 GST (18%) + ₹9,000 estimated legal and valuation inspection charges.

These loan records do not include a verification date. Check the lender’s current terms before applying.

Official Sources & Citations
Sources
  • bajaj-housing.com
  • RBI Master Directions for Non-Banking Financial Companies (NBFCs)
  • RBI Regulatory Framework for Retail Loan Interest Rate Resets