You are eligible to avail a home loan of up to
0 Lakhs Bajaj Finserv

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Loan Against Property Interest Rate

Loan against Property Interest Rate - Lap Interest Rates | Bajaj Finserv Homes & Loans

Loan against property interest rates and charges

With Bajaj Housing Finance Limited, you can look for attractive interest rates for loans against property. There are no hidden charges applicable on your loan against property.

Here’s a brief lowdown on the fees and charges applicable on your loan against property.

Rate of interest

For Salaried Individuals

The rate of interest on Loan against Property for salaried professionals ranges from 9.70% to 11.50%.

For salaried customers, Bajaj Housing Finance Limited Floating Reference Rate for Salaried customers is 20.80%.

Self-employed Individuals

The rate of interest on Loan against Property for self-employed individuals ranges from 10.50% to 14.50%.

For self-employed customers, Bajaj Housing Finance Limited Floating Reference Rate for self-employed customers is 20.80%.

BHFL FRR for cases booked prior to April 2018 was 12.95%

Here are the details on other charges:

LAP Fees and Charges:

Types of Fees Charges applicable
Processing fees Up to 1.5%
Loan statement charges Rs. 50
Interest and principal statement charges NIL
EMI bounce charges Up to Rs. 3,000
Penal interest Up to 2% per month + applicable taxes
Mortgage origination fee Up to Rs.4,999 (one-time)

Foreclosure Charges

Borrower Type: Interest Type Time Period (Months) Foreclosure Charges
Individual: Floating Rate >1 Nil
Non-Individual: Floating Rate >1 4% plus applicable taxes
All borrowers: Fixed rate >1 4% plus applicable taxes
  • For Term Loan, charges are calculated on the outstanding principal.
  • For Flexi Interest-only Loan, charges are calculated on the sanctioned limit.
  • For Flexi Term Loan, charges are calculated on the current dropline limit.

Part-Prepayment Charges

Borrower Type: Interest Type Time Period (Months) Part-Prepayment Charges
Individual: Floating Rate >1 Nil
Non-Individual: Floating Rate >1 2% plus applicable taxes
All borrowers: Fixed rate >1 2% plus applicable taxes
  • Part-prepayment made should be more than 1 EMI.
  • These charges not applicable for the Flexi Interest-only Loan and Flexi Term Loan facilities.

Pre-approved offer