Still paying more on your current home loan? Move to Bajaj Housing Finance Home Loan Balance Transfer and watch your EMI reduce with every month you stay. Quick paperwork, transparent fees, and an interest rate that rewards smart choices—everything you need to start saving right below.
Bajaj Housing Finance Home Loan Balance Transfer Highlights
| Highlights | Details |
|---|---|
| Interest Rate | 8.10% p.a. onwards |
| Tenure | Up to 30 years |
| Processing Fees | Up to 4% of the loan amount + GST as applicable |
Check Out: Bajaj Housing Finance Home Loan EMI Calculator
Bajaj Housing Finance Home Loan Balance Transfer Interest Rates 2025
The table below highlights Bajaj’s latest home loan balance transfer interest rates for 2025, applicable to both salaried and self-employed individuals. These rates vary based on the type of scheme and are linked to the prevailing policy repo rate.
| Loan Type | Salaried | Self-Employed |
|---|---|---|
| Home Loan (Balance Transfer) | 8.10%* to 17.00%* | 8.45%* to 17.00%* |
Bajaj Housing Finance Home Loan Balance Transfer Eligibility Criteria
| Criteria | Requirement |
|---|---|
| Age | Salaried: 23-62 years Self-Employed: 23-70 |
| Profession | Salaried/ Self employed |
| Tenure | Up to 30 years |
| Nationality | Indian/NRI |
| Work Experience | Salaried: Minimum of 3 years of work experience Self-Employed: Should be able to showcase steady income from an enterprise with a minimum vintage of 3 years |
Also Read: Bajaj Housing Finance Home Loan Eligibility Calculator
Bajaj Housing Finance Home Loan Balance Transfer Processing Fees and Other Charges
When transferring your home loan to Bajaj Housing Finance, there may be processing fees and other charges involved. It’s important to be aware of these costs to plan your transfer effectively.
| Type of Fee | Charges Applicable |
|---|---|
| Processing Fee | Up to 4% of the loan amount + GST as applicable |
| Loan Statement Charges | Nil |
| Interest and Principal Statement Charges | Nil |
| EMI Bounce Charges | Refer to the table provided below for the full break-up |
Also Read: Bajaj Housing Finance Home Loan Processing Fees-Full Checklist
Bajaj Housing Finance Home Loan Balance Transfer Documents Required
The documentation process for a home loan balance transfer with Bajaj Finserv is streamlined but thorough. Typically, the following documents are required:
| Category | Documents |
|---|---|
| KYC | Aadhaar card PAN card Driving licence Voting ID |
| Income Proof | Salaried: Recent salary slips, Form 16, and employment proof. Self-Employed: Latest Income Tax Returns, Profit and Loss statements, and business continuity proof for the last 5 years. |
| Banking Records | Last six months’ bank statements |
| Property-Related Documents | Title deed NOC from builder or housing society Original property purchase agreement. |
| Existing Loan Documents | Sanction letter from the current lender. Foreclosure letter from the current lender. Amortization schedule. |
| Additional Documents | Recent passport-sized photographs of the applicant and co-applicant(s). |
Check Out: Bajaj Housing Finance Home Loan Pre-Payment Calculator
Bajaj Housing Finance Home Loan Balance Transfer Case Study
Home Loan Balance Transfer Case Study
This case study evaluates the financial impact of transferring a home loan balance from Axis Bank to Bajaj Housing Finance after 2 years of repayment. The analysis focuses on interest savings, revised EMIs, and total repayment amounts under the new loan terms.
Current Loan Details at Axis Bank
| Parameter | Value |
|---|---|
| Loan Amount | ₹60,00,000 |
| Interest Rate | 9.70% p.a. |
| Tenure | 30 years |
| EMI | ₹51,549/month |
| Total Interest Payable | ₹1,25,57,640 |
| Total Amount Payable | ₹1,85,57,640 |
| Key Insight | Over 90% of the initial EMIs go toward interest payments due to the long tenure. |
Loan Status After 2 Years
| Parameters | Details |
|---|---|
| No. of EMIs Paid | 24 |
| Total Amount Paid | ₹12,37,176 |
| Principal Repaid | ₹54,000 (approx) |
| Interest Paid | ₹11,83,176 |
| Remaining Principal | ₹59,26,200 |
After 2 years, only ₹54,000 of the principal is repaid, with ₹11.83 lakhs paid as interest.
Balance Transfer to Bajaj Housing Finance
| Parameters | Details |
|---|---|
| Transferred Balance | ₹59,26,200 |
| New Interest Rate | 8.10% p.a. |
| Remaining Tenure | 28 years |
| New EMI | ₹44,660/month |
| Total Interest Payable | ₹90,79,700 |
| Total Amount Payable | ₹1,50,05,900 |
Financial Impact Analysis
| Metric | Axis Bank (Current) | Balance Transfer | Savings |
|---|---|---|---|
| Total Payment | ₹1,85,57,640 | ₹1,50,05,900 | ₹35,51,740 |
| Monthly EMI | ₹51,549 | ₹44,660 | ₹6,889/month |
| Total Interest Paid | ₹1,25,57,640 | ₹90,79,700 | ₹35,51,740 |
Key Findings
- Effective Interest Rate Reduction: From 9.70% to 8.50%, significantly reducing the cost of borrowing.
- Monthly Savings: ₹5,251 reduction in EMI.
- Total Savings: ₹30.01 lakhs over the loan tenure.
Must Read: Bajaj Housing Finance Home Loan Repayment Options
Home Loan Balance Transfer Interest Rates by Top Banks
| Bank | Transfer Rate |
|---|---|
| SBI | 8.50% p.a. onwards |
| HDFC Ltd | 8.50% p.a. onwards |
| LIC Housing Finance Ltd | 9.10% p.a. onwards |
| Axis Bank | Contact the bank |
| Bank of Baroda | 8.85% p.a. onwards |
| Canara Bank | 8.80% p.a. onwards |
| Union Bank of India | 9.00% p.a. onwards |
| IDFC First Bank | 8.85% p.a. onwards |
| Federal Bank | 8.80% p.a. onwards |
| Karur Vysya Bank | 9.00% p.a. onwards |
| Tamilnad Mercantile Bank | 9.45% p.a. onwards |
Must Read: CIBIL Score Required for Bajaj Housing Finance Home Loan
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Frequently Asked Questions
The maximum tenure for the home loan is 20-30 years (but the tenure of the loan can also change based on the scheme).
Offers both fixed and floating interest rate options for home loans. With a fixed rate, the interest remains constant throughout the loan tenure, while with a floating rate, it fluctuates with the market condition.
Bajaj determines the interest rate based on factors like the loan amount, loan tenure, CIBIL Score, and the type of interest rate (fixed or floating) chosen by the borrower.
You can calculate the EMI for using any online EMI Calculator. Simply input the loan amount, interest rate, and tenure to receive an instant estimate of your monthly installment.
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