A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • loading

    We found 3 Chennai Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 8.70% Floating
    ₹2,000 to ₹10,000 + applicable tax
    -
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.6% - 8.95% Floating
    Up to 0.5% (min. ₹5,900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 8.85% Floating
    0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
     Loading your search... Loading your search...
  • Chennai Home Loan is Rated as "Great!" by 2778 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Chennai Home Loan

    Chennai formerly known as Madras, this 369-year-old city is the capital of the southern state of Tamilnadu and is India's sixth-largest city in terms of population.It serves as one of the main gateways to South India and has a thriving local culture and art scene and is one of the major destinations for medical tourism. It is considered as one of the world's fastest growing cities.

    Home loans, also known as mortgages, use the borrower's home for collateral. This home can be a single-family house up to a four-unit property, as well as a cooperative unit. Lenders fund home loans, but both the lenders themselves and brokers who act on behalf of the lenders originate, or process, them.


    You’re probably eligible for an Chennai Home Loan if you are

    01
    02
    03
    04
    Chennai Home Loan Minimum Age

    At least 21 years old

     Chennai Home Loan Maximum Age

    Less than 65 years old

    Chennai Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Chennai Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Chennai Home Loan amount eligibility is based on these factors

    01
    02
    03
    Chennai Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Chennai Home Loan Maximum Loan to property value

    Loan capped @ 75% - 85% on property value

    Chennai Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Chennai Home Loan amount by these steps

    01
    02
    03
    Chennai Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Chennai Home Loan Maximum Tenure

    Choose longer tenure loan up to 20 - 30 years

    Chennai Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Chennai Home Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Processing fee cheque
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Chennai Home Loan Interest RatesUpdated on 21 Oct 2017

    Chennai Home Loan Details
    Interest Rate (Monthly reducing balance) 10% - 10.5%
    Processing Fees 0.50% of Loan
    Loan Tenure 1 year to 20 - 30 years
    Partial pre-payment Charges Nil
    Pre-closure Charges Nil

    Chennai Home Loan Reviews

    • HDFC Limited Home Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      I have a home loan from HDFC LTD and the process was good. They were quick to come over and collect the documents and process the loan. The disbursement was also as expected and on time. The after loan services are smooth without any hassles or inconvenience.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 19, 2017
    • Bank Bazaar Home Loan
      "User friendly"
      0.5 4.0/5 "Great!"
      There is a quick response for the financial banking products, website is userfriendly and easy to navigate. It simple to apply or to check any offers without going to the banks. I am satisfied Bank Bazaar service and information part is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • Bank Bazaar Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The best I like about Bankbazaar is their prompt response. As soon as I check on any detail on the website, maximum within half hour I would receive a call. They would call and provide me with so many options. They also have an excellent website which is designed in a simple way so every one can understand it.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      Right now, I have postponed the plan of purchasing the property, due to the personal loan. But I personally felt, PNB housing is good because they reached me and gave the proper coordination and response. The rate which offered by PNB Housing its good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • HDFC Limited Home Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      Since I did not finalize on the property, I did not go ahead for the home loan with HDFC Ltd. The services and response was good from them. They were quick and clear in the details. The rate of interest was pretty high. It was of 9.45%. The processing charges was also very high.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • HDFC Limited Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My home loan is with ICICI Bank and that is why I had not taken with HDFC LTD, they were super fast in the services and process. After I applied I got the loan within a week. The rate of interest was around 9.15%, which much lesser than HDFC Ltd. The processing charges and other legal charges was also normal for me.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • Bank Bazaar Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Bankbazaar was excellent. They were very good in the services because they contacted me instantly and they supported me a lot all through the process. Just that I did not get a response from the bank. The website was also very much useful to me.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • HDFC Limited Home Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      HDFC Ltd delayed in contacting me for home loan, so I went ahead with another bank. I would say they were not supportive, though I am an existing customer. The rate of interest was also high when compared to other banks. The rate was around 9.35%. The processing charges was also high.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • Bank Bazaar Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar.com is good one for me and I could see the comparison of different bankers. Customer service with the Bankbazaar.com is good and through internet search only, I came to know baout Bankbazaar.com.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • HDFC Limited Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have got the home loan with the HDFC limited because the rate of interest is little bit lesser one like its around 8.35%. The loan amount got disbursed within two weeks of time. Response and other things are really good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • Bank Bazaar Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was good experience to get any kind financial product via bank bazaar team . I am with bank bazaar for past 4 years. The website is easy to use and user friendly. The customer support is good with bank bazaar , They are prompt in their response.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • HDFC Limited Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      There are some additional charges which was charged by HDFC limited without informing. The transparency is missing in the process. The customer support is not up the mark with HDFC limited. The rate of interest is nominal with HDFC limited home loan process.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Punjab National Bank Home Loan
      "Need to improve customer service"
      0.5 4.0/5 "Great!"
      PNB housing gave me ultimate offers in term of interest rate and there was no hidden charges on the loan application. But service part need to be improved it was not upto the mark, they don't get back to the customer, the principal amount was also good they gave me better rates.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "Simply great"
      0.5 5.0/5 "Blown Away!"
      DHFL housing loan is simply great , they are doing really good. I had got this loan for a period of 5 months. They had sent a mail about the documentation I had kept all the documents ready and everything was collected from me on time. Infact, I had received all the legal documents from them. There was a charge for stamp duty and registration fee, it was very much reasonable which is 0.5% it was as per the market standard. Lastly, mine is not a joint loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Axis Bank Home Loan
      "Everything is fine"
      0.5 4.0/5 "Great!"
      My feedback for AXIS Bank for the home loan application would be okay. For get getting the certificate of interest we have to approach the bank every time. There is no easy method. I would appreciate if AXIS Bank brings in an option where a customer can place a request for Certificate of interest online instead of visiting the branch. So that we can easily get our work done online itself.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • LIC Housing Home Loan
      "execellent"
      0.5 4.0/5 "Great!"
      My home loan was taken with LIC 9 years back. The loan amount was 6 lakhs and the rate of interest was 10.5% which was high comparing to other banks. The EMI period was 10 years .The customer service and responses was good . My experience was excellent here. I would like to recommend also.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • HDFC Limited Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD bank 6 months back. The promised rate of interest was8.25% which is really good and satisfactory for 20 lakhs loan. They have provided door step service for the documentation collection. The loan process was good and hassle free,. The EMI period was 15 years. My experience is really good here.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • HDFC Limited Home Loan
      "Best Banking system"
      0.5 5.0/5 "Blown Away!"
      Like all my financial needs, HDFC ltd took the front seat again when I approached for a Home loan. I genuinely believe this is the best banking services. I got approved an amount of Rs.13 Lakhs and the process involved wasn't much. The payment also has been seamless.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Bank Bazaar Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The customer service is good with Bank bazaar team. The response part is excellent from bank bazaar team. I know bank bazaar for more than a year. The website of bank bazaar is easy to use and user friendly. I am satisfied with the bank bazaar service.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The home loan service is good with PNB HOUSING FINANCE LIMITED . The Executive with PNB who gave very good support in response to my home loan application. The customer support is excellent with PNB HOUSING FINANCE LIMITED . The rate of interest and the charges are nominal with PNB HOUSING FINANCE LIMITED .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.