Bajaj Housing Finance Launches Innovative Dual Rate Loan Offering with Guaranteed Fixed Returns for the First Three Years

Bajaj Housing Finance Limited (BHFL) has introduced a new feature for home loans and loans against property called Dual Rate Loans. This feature offers a fixed interest rate for the first three years of the repayment period, providing borrowers with predictable and stable monthly payments. After the three-year period, the loan converts to a floating interest rate loan linked to the BHFL Floating Rate Reference (FRR), allowing borrowers to benefit from changes in market conditions. This feature is available to both salaried and self-employed individuals, as well as existing borrowers looking to transfer their home loan to more favorable borrowing terms. BHFL is a subsidiary of Bajaj Finance Limited, one of the most diversified NBFCs in India, and offers a range of financial services, including home loans, loans against property, and working capital loans. The company is rated AAA/Stable for its long-term debt program and A1+ for its short-term debt program from CRISIL and India Ratings.