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Home Loan in Chennai Apply Online @8.0%

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Home Loan Details

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Rate of Interest is high ?
Rate of Interest is high ?

Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases

Not getting the desired Loan Amount?
Not getting the desired Loan Amount?

Try Adding the income of a co-applicant like a working spouse

Have multiple existing loans?
Have multiple existing loans?

Financebuddha can help you consolidate all your loans into one to increase your eligibility

Home Loan in Chennai Details

Home Loan in Chennai

When it comes to choosing a home loan major effort is required at the initial stages to understand all the features of the loan before applying for one. Now with the help of Finance Buddha, applying for home loan in Chennai is very simple and user-friendly. Make use of this information to pick the best bank provides great offers for home loan in Chennai.

How Finance Buddha can help you get a Home Loan in Chennai?

Home loan is generally taken for either a full constructed house or for yet to construct or under-construction property. According to the needs of the individual the loan specifications and details will vary. Finance Buddha has this information which will help every applicant to get the loan approved faster. You can even check your eligibility through Finance Buddha before applying for a loan. If you directly apply to the bank without checking eligibility and if the loan gets rejected due to some reason, then it will directly impact the CIBIL scoring of the applicant.

Home Loan Eligibility Criteria in Chennai

  • Age at least 18 and less than 60
  • Salaried / Self - Employed with regular income. Earn more than the minimum income required.
  • The applicant must be an Indian citizen or a fully documented NRI. Essentially, a Person of Indian Origin (PIO)
  • The applicant must be an Indian resident or non-resident and above 18 years of age.
  • The applicant must have a regular source of income
  • Upon maturity of the loan, the applicants' age must be less than the age of retirement if he is salaried and below 65 years if the applicant is self-employed
  • The total deductions of the loan EMI (including that of the proposed loan) should not exceed 60% of the gross income
  • He/she must have a good credit history, with no obvious red flags
  • Women's Special!
  • Continuity and stability of income

Home Loan Interest Rates, Fees & Charges in Chennai

Best Home Loan Offers from Top 18 Banks/NBFCs in Chennai (updated 19 Oct,2019)

Home Loans Interest Rates Comparison of Top Banks/NBFC in Chennai

Banks/NBFC Institution Type Minimum Loan Amount Maximum Loan Amount Minimum Tenure Maximum Tenure Interest Rates Fees & Charges
Axis Bank BANK ₹3,00,000 ₹500,00,000 1 Year 30 years 8%  - 11%  Up to 1% (min of ₹10,000) + GST  as applicable
Bajaj Finserv NBFC ₹20,00,000 ₹350,00,000 10 Years 20 years Salaried: 8.85% - 10.30% Up to 0.80% + GST  as applicable
            Self Employed: 9.25% - 11.15% Up to 1.20% + GST  as applicable
Citibank BANK ₹2,10,000 ₹10,00,00,000 1 Year 25 years 8.00%  - 16.00% ₹10,000  + 0.20% of the Loan Amount + GST  as applicable
DHFL HFC ₹1,00,000 ₹30,00,000 1 Year 30 years 10% - 19.07% ₹2,500 + GST  as applicable
HDFC Bank BANK ₹1,00,000 ₹10,00,00,000 1 Year 20 years 8.80%  - 9.55%   Up to 0.50% or ₹ 3,000 (whichever higher) + GST  as applicable
ICICI Bank BANK ₹5,00,000 ₹3,00,00,000 1 Year 30 years 8.35% -9.10%  0.5% + GST  as applicable
IDFC BANK ₹10,00,000 ₹10,00,00,000 1 Year 30 years Salaried: 8.90%  - 10.35%  ₹10,000 to 0.20% of the Loan Amount + GST  as applicable
            Self Employed: 9.05%  - 10.8%  
Indiabulls NBFC ₹15,00,000 ₹30,00,00,000 1 Year 30 years 8.80% ₹10,000 to 1.00% + GST  as applicable
IndusInd Bank BANK ₹1,00,000 ₹1,00,00,000 1 Year 30 years 8.00%  - 16.00% ₹5,000 to 2% + GST  as applicable
Kotak Mahindra Bank BANK ₹5,00,000 ₹10,00,00,000 5 years 20 years 8.90% 0 for online application; Offline application - Upto 1.25% + GST  as applicable
LIC Housing HFC ₹1,00,000 ₹10,00,00,000 1 Year 30 years 9.15% - 10.10%  ₹10,000 - ₹15,000 + GST  as applicable
PNB Housing Finance Ltd. HFC ₹50,000 ₹75,00,000 1 Year 30 years 9.00%  - 12.50%  1% + GST  as applicable
Punjab National Bank BANK ₹1,00,000 ₹500,00,000 3 Months 30 years 8.70%  - 9%  0.35% + GST  as applicable (Min- ₹2,500/; Max- ₹15,000/)
Standard Chartered Bank BANK ₹10,00,000 ₹35,00,00,000 1 Year 25 years 9.31% - 9.85% Up to 1% + GST  as applicable
State Bank of India BANK ₹5,00,000 ₹200,00,000 5 years 30 years 9.10%  - 9.45%  ₹10,000  + 0.20% + GST  as applicable
Tata Capital NBFC ₹2,00,000 ₹500,00,000 1 Year 30 years 8.8% - 11.25% 0.5% + GST  as applicable
Reliance Home Finance Ltd. HFC ₹1,00,000 ₹10,00,00,000 1 Year 30 years 8.90% Up to 2% + GST  as applicable
Vastu Housing Finance Corporation Ltd. HFC ₹500,000 ₹50,00,000 1 Year 20 Years 12.5% - 15.5% Up to 2% + GST  as applicable

Home Loan Documents Required in Chennai

List of papers / documents applicable to all applicants:

  • Completed Home loan application
  • 3 passport size photographs (including those affixed in loan application)
  • Proof of identification: Electoral ID Card / Passport / Driving License / PAN card.
  • Proof of residence: Electoral ID Card / Passport / Electricity Bill / Telephone Bill.
  • Proof business address, in case of non- salaried borrowers
  • Statement of bank account for the last six months
  • Signature identification from present bankers
  • Personal Assets and Liabilities Statements in Bank’s standard format.
  • Brief write up of securities charged in respect of other loans availed from our Bank/other
  • Banks/ Auto & Housing Loan Companies /other sources.
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