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Current home loan interest rates - Bajaj Finserv

Bajaj Finserv offers low home loan interest rates starting from 6.65*% p.a. This rate of interest is applicable to Home Loans, Balance Transfer Loans, House Renovation and Home Extensions Loans.<br><br>Bajaj Finserv offers an adjustable-rate loan also known as a floating rate loan as well as a trufixed loan in which the interest rate on the home loan remains fixed for a specific tenure (say first two years of the entire loan tenure) after which it converts into an adjustable-rate loan.

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Current home loan interest rates - Bajaj Finserv

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  1. Bajaj Finserv offer: Lowest Home Loan Interest Rates

  2. Overview Home loan interest rate is an amount charged on the principal by a home loan provider to a borrower for the use of the principal amount. Your home loan interest rate determines your monthly payable EMI against your home loan. The attractive structure of fees and charges lets you lower your EMIs. With minimum documentation, you can get a home loan to buy, construct, or renovate your home.

  3. Types of interest rates for home loans • Fixed Rate of Interest A fixed interest rate is an unchanging rate charged on a liability, such as a loan or mortgage. • Floating Rate of Interest A floating interest rate is an interest rate that moves up and down with the market or an index.

  4. Methods to calculate the home loan interest rate • Using the Interest Formula EMI = [P x r x (1+r)^n]/[(1+r)^n-1] • Using a Home Loan EMI Calculator Using a Home Loan EMI Calculator is the simplest option and guarantees error-free results every time.

  5. Factors affecting home loan interest rate and EMI • Types of Interest • Benchmark Rate of Lending • LTV Loan to Value Ratio • Property location • Repayment Tenure • Applicant Finance Profile

  6. Tips to reduce home loan interest burden • Select a Short Tenure for Repayment • Opt for Balance Transfer Facility • Prepay with any Lump Sum Available

  7. Thanks!

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