If you’ve been eyeing a new home and thinking about taking out a loan from Bajaj Housing Finance, you’re likely wondering about the costs involved. It’s not just about the interest rate—processing fees and other charges can make a real difference. A clear idea of these expenses can help you budget wisely and avoid any last-minute surprises.
Bajaj Housing Finance Home Loan Processing Fees
| Fee Type | Charges |
|---|---|
| Processing Fees | Up to 4% of the Loan Amount + GST |
Suggested Read: How to Apply to Bajaj Housing Finance Home Loan?
Bajaj Housing Finance Home Loan Other Charges
| Nature of Fee/ Charge | Payable At | Amount |
|---|---|---|
| Expenses to cover costs | On incurring expenses | As applicable |
| Statutory Charges | Once | Applicable as per state laws |
| Switch to Lower Rate | On Rate revision | Up to 2% of principal outstanding + GST as applicable |
| Switch in Interest Computation (e.g., From BHFL FRR to Repo Rate and vice-versa) | On Interest Computation change | Up to 2% of principal outstanding + GST as applicable |
| Mortgage Origination Fees (MOF) – for secured loans | At Application | Up to Rs. 10,000 + GST as applicable |
| Cheque Swap charges | At request | As per expenses incurred |
| Security Swap charges | At request | As per expenses incurred |
| Fees on account of External / Legal / Technical Opinion | On incurring expenses | As per expenses incurred |
| Reappraisal of loan after 6 months from sanction | At re-application | Mortgage Origination Fees as applicable |
| Hard Copy of Statement of Account | Per request | Up to Rs. 500 per request + GST as applicable |
| Conversion of existing loan to new product (Term loan/ Flexi Term loan/ Flexi Hybrid loan) | On Conversion | Up to 2% of principal outstanding + GST as applicable |
| Conversion charges for switching from Fixed rate loan to Floating rate loan | On Conversion | For Term Loans: Up to 3% + GST as applicable on principal outstanding and undisbursed amount (if any) |
| Conversion charges for switching from Floating rate loan to Fixed rate loan | On Conversion | For Term Loans: Up to 1% + GST as applicable on principal outstanding and undisbursed amount (if any) |
| Flexi Annual Maintenance Charge – Flexi Hybrid Loan | Annual Charge | Up to 1% of the Sanctioned amount during Flexi Interest Only Loan Repayment Tenure + GST |
| Flexi Annual Maintenance Charge – Flexi Term Loan | Annual Charge | Up to 1% of the available Flexi Loan Limit + GST as applicable |
| CERSAI Charges (for Secured Loans) | At application | As per charges levied by CERSAI + GST as applicable |
| Fees for Photocopy of Title Documents (for secured loans) | At request | Minimum fee of Rs. 500/- for up to 30 pages, Rs. 3/- for each additional page + GST as applicable |
| Document Retrieval Charges on Closed Loans (Re-vaulting Charges) | At request | A charge of Rs. 1000 (including GST) if original documents are not collected within 15 days after loan closure |
| Penal Charges | As per terms | Bounce Charges for EMI bounce; Late Payment Charges calculated daily for each unpaid EMI |
Suggested Read: How to Access to Bajaj Home Loan Login Portal?
Compare Home Loan Processing Fees of Top Banks and HFCs
| Banks/ NBFCs | Processing Fees |
|---|---|
| SBI | 0.35% of the loan amount + GST Minimum: ₹2,000 + GST Maximum: ₹10,000 + GST |
| HDFC | Up to 0.50% of the loan amount or ₹3300 (whichever is higher) |
| LIC Housing Finance | 0.25% of the loan amount Minimum: ₹ 5,000 Maximum: ₹50,000 |
| ICICI Bank | Up to 2% of the loan amount |
| Bank of Baroda | Up to 0.40% of the home loan |
| Bank of India | 0.25% of loan amount (Min ₹2,500 – Max ₹20,000) |
| Canara Bank | 0.50% (Min Rs.1500/-+GST and Max. Rs.10,000/-) |
| Bajaj Housing Finance | Up to 4% of the loan amount |
| PNB Housing Finance | 0.35% of the loan amount Min: Rs. 2,500/Max: Rs. 15,000/ |
| IDBI Bank | 0.50% of loan amount |
| Axis Bank | 1% of the loan amount, minimum Rs. 10,000; Rs. 5,000 +GST upfront |
Suggested Read: Bajaj Housing Finance Home Loan Customer Care
Why Does Bajaj Housing Finance Take Processing Fees?
- Administrative Costs: Covers application processing, documentation, and verification efforts.
- Legal & Technical Checks: Funds property valuation, legal due diligence, and technical assessments.
- Risk Assessment: Supports credit checks, eligibility evaluations, and loan structuring.
- Compliance & Regulation: Ensures adherence to banking norms and regulatory requirements.
Check Out: Bajaj Housing Finance Home Loan Eligibility Calculator
Is Bajaj Housing Finance Home Loan Processing Fees Refunded?
Bajaj Housing Finance’s home loan processing fees are generally non-refundable and are retained by the lender regardless of whether the loan is closed early, rejected post-approval, or repaid prematurely.
These fees cover administrative expenses, including documentation, verification, legal due diligence, and technical assessments conducted during the loan setup.
Refunds are rare and apply only under specific conditions explicitly outlined in the loan agreement or mandated by regulatory guidelines.
Suggested Read: Bajaj Home Loan Minimum CIBIL Score
When Does Bajaj Housing Finance Collect Home Loan Processing Fees?
Bajaj Housing Finance collects a one-time, non-refundable processing fee when you submit your home loan application. This fee covers the cost of evaluating your application, including verifying your eligibility and assessing your financial profile.
Am I Still Liable to Pay The Processing Fees if My Home Loan is Sanctioned But I Don’t Avail It?
Yes, you are typically liable to pay the processing fee regardless of whether your loan is approved or rejected.
Processing fees are charged for the administrative work involved in evaluating your application, verifying documents, and approving your loan—regardless of whether you eventually use the funds.
What Happens if Bajaj Housing Finance Home Loan Processing Fees Cheque Gets Bounced?
If your cheque for Bajaj Housing Finance home loan processing fee bounces, here’s what you need to know:
Immediate Consequences:
- Your application may be delayed or rejected until the payment issue is resolved.
- Bajaj Housing Finance (and your bank) may impose a cheque bounce penalty fee (as per their policy and RBI guidelines).
Steps to Resolve:
- Inform Bajaj Housing Finance about the bounced cheque and request an alternative payment method (e.g., NEFT/RTGS, demand draft, or online transfer).
- Clear the processing fee along with any additional charges levied due to the bounce.
- Ensure the original cheque is replaced or canceled to avoid further complications.
Is it Possible to Get a Home Loan with Zero Processing Fees?
Yes, it is possible to get a home loan with zero processing fees in India, though it depends on specific conditions, lenders, and timing. Here’s a detailed breakdown:
- Periodic Waivers: Many lenders (e.g., SBI, HDFC, LIC Housing Finance, PNB Housing Finance) occasionally waive processing fees as part of promotional campaigns to attract borrowers. These offers are often time-bound (e.g., festive seasons or year-end schemes).
- Targeted Schemes: Some lenders offer fee waivers to specific borrower segments, such as women applicants, government employees, or first-time homebuyers.
- Pradhan Mantri Awas Yojana (PMAY): Under this scheme, eligible first-time homebuyers (especially in EWS/LIG/MIG categories) may receive subsidies and fee concessions, including reduced or waived processing fees.
- State-Level Schemes: Some state governments or housing boards (e.g., MHADA in Maharashtra) collaborate with lenders to offer subsidized loans with minimal fees.
How is Home Loan Processing Fees Calculated?
Processing fees are typically calculated as a percentage of the loan amount , though some lenders charge a flat fee. The common range is 0.25% to 2% of the loan principal , depending on the lender and borrower profile.
For a ₹50 lakh loan with a 1% processing fee:
₹50,00,000 × 1% = ₹50,000 (processing fee).
Some lenders may cap the fee (e.g., maximum ₹75,000, even for larger loans).
Suggested Read: Inheritance Rights on Ancestral Property
Factors Affecting Bajaj Housing Finance Home Loan Processing Fees
- Loan amount – higher principal means a larger percentage‑based fee (until it hits the cap).
- Lender’s pricing policy – flat fee, tiered slabs, or percentage rate decide the base charge.
- Borrower segment – women, government staff, or first‑time buyers often get concessional rates.
- Credit score – stronger scores give borrowers bargaining power for a lower fee.
- Property profile – under‑construction or non‑standard properties need extra due‑diligence, pushing costs up.
- Loan type – balance transfer or top‑up loans may carry higher or separate processing fees.
- Documentation load – multiple co‑applicants or complex income proofs increase verification expenses.
- Promotional window – festive or year‑end campaigns can drop the fee to zero.
- Government schemes – PMAY or state housing tie‑ups cap or waive processing charges.
Conclusion
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions
The fee pays for credit‑bureau pulls, internal risk scoring, and the first round of underwriting. It is officially “non‑refundable” even if you finally walk away or the bank rejects the file, because the work is already done.
No. Banks declare upfront that the charge is independent of the sanction decision.
All service charges—processing, legal, valuation, foreclosure—are subject to 18 % GST, so a ₹10,000 processing fee balloons to ₹11,800.
They can. Many banks charge about 2 % of the outstanding principal on fixed‑rate loans if you close the loan with your own funds; however, some waive it after the first three years.
Common extras include legal‑opinion fees, technical‑valuation charges (to verify the property’s market value), stamp duty on the loan agreement, documentation charges, and, in some cases, a small franking fee if your state uses stamped papers.
Yes. When you shift your loan to another lender for a lower rate or take a top‑up, the new lender treats it like a new application. Processing fees may be lower than first‑time loans, but they’re still charged—factor them into your savings calculation.
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