A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 3 Chennai Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 8.75% Floating
    0.35% (max. 10,000) + S.T.
    15L - 10Crs
    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
    8.5% - 8.7% Floating
    Up to 0.5% (min. ₹5750) 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% (min. ₹11,500) One time fee
    5L - 10Crs
    3-30 Years
    Response Time Within 30 minutes
    Rs.5,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Chennai Home Loan Reviews

    • HDFC Limited Home Loan
      "Better "
      0.5 4.0/5 "Great!"
      I got the home loan with the HDFC limited and the interest rate is around 8.35%, also the loan amount got sanctioned in twenty five days of time. Customer service is good and the processing charged was around 0.5% of the total capital amount, also I am very much happy with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Better "
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com had chosen the right bank for my financial product. Customer service of Bankbazaar.com is really good and I came to know about bankbazaar through internet search. Website of the Bankbazaar.com is very much easy to access..
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Axis Bank Home Loan
      "Satisfied"
      0.5 2.0/5 "Expected more"
      I had not taken the home loan with the Axis bank because of the huge processing charges and also they have delayed for some time. Customer service was not really good after the document collection process, also they have not provided the proper feedback too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • HDFC Limited Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I got the home loan with the HDFC limited and the interest rate was around 8.4%, also the loan amount got disbursed within a week of time. Service aspects and everything is fine one for me. They have provided around 80% of the cost of home as loan. Documentation process were nominal one with the HDFC limited.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Wonderful "
      0.5 4.0/5 "Great!"
      Bankbazaar.com is very good one for me and am using it from the last one year of time. Services and other aspects are really good one. Online portal of the Bankbazaar.com is easy to access, also I got the response from them in the immediate manner, I would like to say that the information so provided could be used and we can save it for future purpose to process the application with other Bankers.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Axis Bank Home Loan
      "Better"
      0.5 4.0/5 "Great!"
      Process and everything was a good one with the Axis bank and I don't have any issues with them till now. Response was very much delayed , also the process lapsed with the Axis bank. In the mean time, I had got the better offer from the Axis bank..
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • IDBI Home Loan
      "About IDBI"
      0.5 0.5/5 "Unacceptable"
      I had taken home loan from IDBI in 2007 latest interest was 10.8% which is i dont know.(Bank will not inform to us. if changes as per RBI But bank will change of interest of % if hiked by RBI) so i loss more than 12 to 14 month EMI. immediately i have changed to SBI interest low, Update every change and tension free.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has been good also they have done their job well. As a mediator they contacted me and coordinated with the bank well. The follow up calls were also satisfactory. The website has been good and easily understandable. It is very much informative too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 17, 2017
    • Dena Bank Home Loan
      "Response is good"
      0.5 5.0/5 "Blown Away!"
      Due to my personal reasons I did not go ahead with Dena Bank for the home loan. The bank was quick in response and they informed me all the details. I guess they were higher than other banks on the rate of interest. The interest rate was around 8.65%. Where as my sister got a deal at her Axis bank account for around 7%.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 17, 2017
    • ICICI Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am an existing customer of ICICI, I got the home loan interest rate around 9.75% it is bit high compared to other competitor. The processing fee was also high they have taken more than Rs.7000 from the disbursement, but loan process was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2017
    • review Home Loan
      "Fast process & high on ROI"
      0.5 5.0/5 "Blown Away!"
      I got the approval for the home loan in just a day from Sundaram finance. It was a super fast process and the disbursement was much before the date I expected. The rate of interest was around 8.7% which is a bit high, and the processing charges was high too also the service rendered by them is excellent.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 16, 2017
    • Bank Bazaar Customer Support
      "Satisfactory"
      0.5 4.0/5 "Great!"
      Ofcourse, I received a proper response from Bankbazaar , it has been a proper process. The services was on time and they also followed up well. The website has also been very much easy to use and it is helpful to get a brief idea about the banks and also the offers.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2017
    • Punjab National Bank Home Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      PNB housing finance has been proper in the response after I had applied for a home loan. They contacted me on and checked about my requirement. I was buying a apartment and the owner of that property had a deal with another institution, so I went ahead with that.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2017
    • Bank of Baroda Home Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      My home loan is from Bank of Baroda and the process is smooth. I got the loan without much of a difficulty. The bank offered me a decent rate and there were no last minute changes in the charges. The response is a bit slow, I need to be behind them, else it was a satisfactory experience.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 15, 2017
    • Union Bank of India Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Union bank of India is really good, their service is also excellent. I had taken the housing loan during the year 2012, at the time they charged me 10.5% of interest rate on home loan. My loan amount is Rs.10 lakhs for the tenure of ten years. I am very much fine with their service completely.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 15, 2017
    • Bank Bazaar Customer Support
      "Supportive services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been up to the mark. They were responsive as soon as I contacted them and after which they were following up on a regular basis. The website is also good and simple. It has a lot of useful information which would help the customer.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2017
    • Dena Bank Home Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Dena Bank has been very responsive after I registered my details for a home loan. The customer services has been really good and supportive. I could not go ahead for the loan as I postponed my plans for the next two months. They also had a good deal on the interest rate and charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2017
    • Bank Bazaar Customer Support
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar has been good and they had done a proper job for me. The team was on time from the start of my application till the end of the process. I received a couple of follow ups too. The website is good is clear and it is very much informative too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2017
    • Punjab National Bank Home Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      Since I postponed my plans to buy a property, I did not go ahead with PNB housing finance. They did respond to me on time and it was a smooth experience. The overall response was good and there were follow up calls too. The rate of interest and processing charges was normal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2017
    • Bank Bazaar Customer Support
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is very quick in their response ,because whatever the product I choose they are giving immediate response. The bank bazaar web site is easy to use and customer friendly. The bank bazaar customer support is good and very supportive, they helped to get in touch with the bank partner. I am satisfied with the bank bazaar , because it gives the best service to the customers.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 13, 2017
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    Chennai Home Loan is Rated as "Great!" by 2540 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    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 23 Jun 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

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