Ferroelectric 0.7BiFeO3-0.3PbTiO3 (BFO-PT) thin films were deposited on LaNiO3 (LNO) coated stainless steel (SS) substrates by the sol-gel method. XRD results indicate that both LNO and BFO-PT thin films have the perovskite structure and the film crystallinity is improved with increasing the LNO thickness. The dielectric loss of BFO-PT thin films is reduced significantly with addition of LNO buffer layers, achieving about 4% at the frequency of 1 kHz, much lower than that of >20% for BFO-PT thin films directly deposited on SS substrates. BFO-PT thin films reveal the strong ferroelectricity with remnant polarization (Pr) of about 35 μC/cm2 for LNO of 390 nm. Moreover, addition of LNO buffer layers mitigates the polarization deterioration after the 1.33 × 108 switching cycles resulting in the improved anti-fatigue properties of BFO-PT thin films. Our results indicate that BFO-PT/LNO multilayer thin films on SS substrates maintain excellent dielectric and ferroelectric properties.