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
    8.30% - 8.70% Floating
    ₹2,000 to ₹10,000 + applicable tax
    -
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Good to Know
    Eligibility Criteria
    8.35% - 10.25% Fixed/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
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  • Chennai Home Loan is Rated as "Great!" by 2870 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
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    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 13 Dec 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

    • ICICI Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank is giving me the reward points for the EMI which I pay for the Home loan. The customer support is good with the ICICI bank. The interest rate is getting reduced automatically whenever it getting down in the floating . I have got the home loan around 6 years ago,. I got the required loan amount.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 11, 2017
    • Axis Bank Home Loan
      "Looking for better interest rate"
      0.5 4.0/5 "Great!"
      I have home loan with AXIS, I availed it before five years. At the time they offered me 10.5% of interest, recently they have revised the rate of interest around 9.5%. I took the home loan of Rs. 13 lakhs for the tenure of 20 years, everything is good but interest rate is higher.
      Was this review helpful? 3
      , chennai
      Reviewed on Dec 08, 2017
    • HDFC Limited Home Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I am having the home loan with the HDFC limited and the interest rate was around 8.95%. The loan amount got disbursed within a month of time and they have to increase the speed of the process. I am happy with the HDFC limited.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 06, 2017
    • ICICI Bank Home Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      The home loan service is not up to the mark with the ICICI bank . The additional charges are very high with the ICICI bank. The customer support and the response is not up to the mark with the ICICI bank. The transparency is not seen in the home loan process with ICICI bank.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 05, 2017
    • Axis Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Home loan with Axis bank.The loan amount is 29 lakhs,rate of interest is very high as compared to other banks.The process took almost one month to complete the whole request.They had collected documents from my place.I am happy with the service.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 05, 2017
    • HDFC Limited Home Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The home loan has been disbursed by HDFC limited around 6 months ago. The customer support was good with the HDFC limited. They have processed and approved the home loan within a week time. The rate of interest and the charges are average with the HDFC limited. I am satisfied with the loan amount.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 04, 2017
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Got the home loan with the HDFC limited . I got it 7months ago. My home loan service was processed and approved within 4 weeks of time. The requested loan amount has been given and I am happy with it. The rate of interest was 8.60% and it is fixed for 3 years. The charges are also nominal with the HDFC limited home loan services.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 04, 2017
    • Bank Bazaar Home Loan
      "EXECUTIVE"
      0.5 5.0/5 "Blown Away!"
      The process of computing my loan eligibility, comparative quotes, checking my credit score was seamless and awesome. I could complete the process within a few minutes sitting in the comfort of my office. Thank you Bank Bazaar for making such a great product.
      Was this review helpful? 4
      , chennai
      Reviewed on Dec 04, 2017
    • ICICI Bank Home Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      It was a ok ok experience with ICICI Bank for the home loan i took from them . The bank gave me a rate of interest was 8.4% and the bank gave me a Full approval on the amount i asked for . The money got Disbursed form the bank in a months time . The Processing fee they charged was 5K . The bank gave Pre closure option with no charges it was a thing i don't like .
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 02, 2017
    • Bank Bazaar Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The customer service was good from the Bank Bazaar side . When i was given option , only few were mentioned , i was expecting bit more of options . On website if there is a flow chart available that will be much better and easy to understand for customers like me . Over all it was a good experience with bank bazaar .
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 02, 2017
    • HDFC Limited Home Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      It was an ok ok customer service from the HDFC LTD for the home loan process .the required Information was given from the bank side . I actually expected them to be trasnperent from their side but they were not , the rate of interest was high was not the same as they told me . When i went for signing the documents i saw quite a difference in the rate of interest that i was told and what was on papers so i did not opt for it .
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 02, 2017
    • Allahabad Bank Home Loan
      "Good"
      0.5 2.0/5 "Expected more"
      My home loan was taken with ALLAHABAD bank which was taken 6 years back .The loan amount was 10 lakhs and the interest rate was high before , after pressurizing they have reduced to 8.65% which was disappointing . The customer service and responses was not satisfactory but the loan process was easy and hassle free.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 01, 2017
    • LIC Housing Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      I am having the home loan with the LIC Housing finance limited and the customer service is good , also the rate of interest is really huge one. I am really happy with the LIC Housing finance limited, also everything is fine one with them.
      Was this review helpful? 3
      , chennai
      Reviewed on Nov 30, 2017
    • HDFC Limited Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      it was a good experience with HDFC LTD for the loan process , the customer service delivered from the bank side was good . The bank gave me a full approval and on the amount i asked for .the money got Disbursed to me in one and half week time . The rate of interest was 8.5% from the bank side it was given . The Processing fee was 12.5K they charged me and also the bank gave Per closure and part payment option with less charges .
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 29, 2017
    • Bank Bazaar Home Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      it was a ok ok customer service from the Bank Bazaar side .i received the call within a days time as after i registered for the Loan process . The website of bank bazaar is really good and user friendly . Its been 3 months now For feedback the call is coming . It was a ok ok experience with bank bazaar , but it could have been more better .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 29, 2017
    • HDFC Limited Home Loan
      "NOT HAPPY"
      0.5 1.0/5 "Really Bad"
      I am really not happy with the experience i had with HDFC Bank . The customer service was really not up to the mark .i received the call after a weeks time from the bank side . I went directly to the bank and it got approved within few days as i was urgently needing the money . The customer service is not that good .
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 29, 2017
    • Punjab National Bank Home Loan
      "High rate of interest"
      0.5 3.0/5 "Satisfactory"
      The rate of interest with the institution was high. PNB HOUSING FINANCE LIMITED offered me 10.37% rate of interest which i am not satisfied. So i changed the plan of taking a home loan with PNB. The executives gave me a follow up call until i changed the plan.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 29, 2017
    • Bank Bazaar Home Loan
      "Good website"
      0.5 5.0/5 "Blown Away!"
      I have applied for a home loan through bankbazaar. At the time of my application they took good effort to understand my requirement and provided me the best option where they can find. The website is good and friendly. Its is approachable for all the financial needs.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 29, 2017
    • SBI Home Loan
      "Recommend for home loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with STATE BANK OF INDIA. The total approved amount is 20 lakhs with a rate of interest of 8.35%. The total tenure is for 15 years. The monthly EMI comes around 15500. Good documentation process. good customer service.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 25, 2017
    • HDFC Limited Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have taken home loan with HDFC LTD few years and it was a good loan experience. The loan amount was for Rs 22 lakhs with the nominal rate of interest. The process was too long and it took one month for the loan to get approved. Customer service was good, they provided door step service to collect the documents and also they responded on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 23, 2017
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