A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 38 Chennai Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    8.90% - 9.10% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    8.80 - 9.20% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
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    Fees & Charges
    Good to Know
    8.90% Floating
    10000+GST One time fee
    -
    1-20 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    8.80% - 9.05% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    Fees & Charges
    Good to Know
    8.75% - 11.0% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.90% - 9.50% Floating
    0.50% PF (For Salaried) to 1%(min.3000)+Tax (for Self employed)
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    Fees & Charges
    Good To Know
    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    Perks
    Fees & Charges
    Good to Know
    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
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    Perks
    Good to Know
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + applicable tax One time fee
    20L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    8.85% - 9.05% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Chennai Home Loan is Rated as "Great!" by 3054 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 20 Jan 2019

    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

    • SBI Home Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      It was quite a good experience with them, where the loan amount which they had provided has been sufficient, the service charges where nominal. The interest rate with them has been less when compared to other banks. There has not been any charges additionally and the customer support of them has been helpful as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2019
    • Citibank Home Loan
      "Can do better"
      0.5 3.0/5 "Satisfactory"
      Ten years back I took home loan from Citi Bank at that time, the interest is higher and I done lots of documentation. CITI bank deal is not good, I done the foreclosure but I didn't pay any extra fee. They do have balance transfer, part and foreclosure options.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2019
    • SBI Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I had taken my housing loan with State bank of India, the loan amount they have given me was sufficient but was below to my expectation ,was okay for me , and the rate of interest they have charged me was nominal,and the processing fee they have charged me was very nominal,there overall service was good, now my loan got closed.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 17, 2019
    • review Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a quite a good experience i had in getting my Home loan from them, where the process was hassle free. The loan amount has been sufficient and the interest rate was floating and was quite nominal compared with the market rate. There was some processing fee which they had charged which was nominal and there has not been any other extra charges.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 13, 2019
    • DHFL Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It was a nice experience with my Home loan from them where the process has been okay. The interest rate with them has been pretty high compared with the market rate. There has been some charges which they had made like processing fee and the other charges which was quite nominal.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 13, 2019
    • Bank Bazaar Home Loan
      "Bank "
      0.5 4.5/5 "Excellent!"
      Bankbazaar. The one stop solution for all your business and financial needs. I find it very helpful and ease to use. It is very user friendly and able to plan my savings and spendings accordingly. One stop best solution and cool to use it. Regards awesomep
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 13, 2019
    • Bank Bazaar Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      The customer service and response was very good. Currently I have checked for the home loan and it was easy to find the interest rate for all the banks. Before that I have not used bank bazaar, I came to know through advertisement. I have used the online website which was faster to access.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      I had a good experience from HDFC Ltd on home loan. I have some difficulties in rate of interest, initially they have informed me around 8.2% but later they have increased 1% and they have informed at the final stage of approval. If they said earlier I would have chosen other alternative option. I have purchased a residential property.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 08, 2019
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my housing loan with State bank of India, they have given me sufficient loan amount , and the rate of interest they have charged me up to 8.5% which was nominal for me, and the processing fee they have charged me was nominal, and the tenure period i have taken up to 10 years, overall service is good.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 07, 2019
    • HDFC Limited Home Loan
      "100% loan approval needed"
      0.5 5.0/5 "Blown Away!"
      I took home loan in HDFC they approved my loan, but only dis advantage they approved only 80% of loan amount not 100%. The service is good in terms of the loan process but though I have eligibility but they didn't approve the entire home loan amount.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 03, 2019
    • IIFL Home Loan
      "Simpler Process"
      0.5 3.5/5 "Pretty good"
      I have a purchased a home loan from IIFL. Its because of the simplest process i have purchased from them. I bought the loan amount of Rs. 41 lakhs. This is a pre-EMI approved hence I'm not sure about the interest rates. The processing fee is very less. I have chosen the tenure period of 24 years.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 02, 2019
    • SBI Home Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have taken a home loan with SBI and my experience was good, the process was smooth and i received the loan amount on time. Rate of interest was nominal when compared to other banks. Customer service was fine with this bank and tenure period for this loan is 15 years.
      Was this review helpful? 7
      , chennai
      Reviewed on Dec 19, 2018
    • Bank Bazaar Home Loan
      "Good process "
      0.5 4.0/5 "Great!"
      super b and easy to compare and apply Thanks to bank bazaar in a matter of minute they were able to find great offers suits my requirements. nicely customized and love the interface made at bank bazaar. so I would recommend strongly to any one apply for loans. but the thing is comment section should be made smaller for the review.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 18, 2018
    • SBI Home Loan
      "Good in Service"
      0.5 4.0/5 "Great!"
      I have ongoing loan with SBI. I carry a salary account with SBI and when i applied it i didn't had to go through a big struggle. Things were taken care and my application was processed as expected. The interest rates are reasonable and its not a fixed interest rates. They have floating interest rates and i am happy with SBI customer services till date.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 12, 2018
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this home loan and the interest rate with them was around 8.5%. The loan amount which they had provided has been less than what i was expecting and there ahs not been any sort of charges which they had been making.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 11, 2018
    • ICICI Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan almost 14 years back and the process in getting this loan has been quite good, the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of other charges which they had made so far as well.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 10, 2018
    • Axis Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had been having this Home loan in a different bank and in the recent years i had transferred it to Axis since because of the good services which they are providing. The process was good while transferring the loan and the interest rate has been nominal when compared with the market rate. There has not been any extra charges which they had made.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 10, 2018
    • Bank Bazaar Home Loan
      "Its Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Best part of Bank Bazaar has different options who is giving proper rate its has many variety, the customer support is also good. But my loan was disbursed before the Bank Bazaar send mail to me as approved, it would be great if they update with the right information from the bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 04, 2018
    • HDFC Limited Home Loan
      "Its convenient loan process"
      0.5 5.0/5 "Blown Away!"
      Initially I directly approached HDFC LTD for the housing loan, but the agent was not cooperative, then I processed the loan through online channel, the entire process was hassle free. As per my exceptation I got the loan which is fine, the interest rate is quite nominal and the tenure of the loan is 10 years.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 04, 2018
    • Axis Bank Home Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      Very poor service and will make life difficult once the loan is processed. No courtesy at all. I am facing all problems with axis and the rep is not responding at all. I strongly suggest to be away from axis home loan even if you get lower interst rate.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 02, 2018
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