A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 37 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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    8.90% Floating
    10000+GST One time fee
    -
    1-20 Years
    Response Time : Within 30 minutes
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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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    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
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    Perks
    Fees & Charges
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    8.90% - 9.55% 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
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    8.75% - 10% 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
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    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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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
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    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
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    Perks
    Fees & Charges
    Good to Know
    9.25% - 11.20% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
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  • Chennai Home Loan is Rated as "Great!" by 3018 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 13 Nov 2018

    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

    • Shriram Housing Home Loan
      "BELOW AVERAGE"
      0.5 2.0/5 "Expected more"
      The rate of interest is very higher from the SHRIRAM HOUSING FINANCE where i am using it from past two years. I have got 10lkahs where the process is very quick and good. There is processing fee also the addition charges applicable. I don't have hard copy, the duration is for 4 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 10, 2018
    • LIC Housing Home Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I got my housing loan from LIC housing . Am satisfied with rate of interest which is nominal one of 8.34% The customer service and response is good. It instant approval process. They gave good tenure period which i make the payment through ecs .There is no processing fees.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 10, 2018
    • HDFC Limited Home Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I being a premium customer of HDFC, it has offered a housing loan, hence I availed home loan of around Rs.3.45 lakhs but they have foreclosure charges of 4% it should be reduced. But they are providing prompt interest for loan as per the RBI guidelines.
      Was this review helpful? 3
      , chennai
      Reviewed on Nov 05, 2018
    • Axis Bank Home Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken home loan from axis bank Their customer service representative explained the terms and condition and the process . But they took 1 month nearly for documentation and approval . Am satisfied with the rate of interest which is the market price . They have given the tenure period of 5 years .
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 04, 2018
    • Indian Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The experience with this loan has been okay but it has taken more time in sanctioning the loan. The loan amount which they had provided has been satisfactory and the interest rate with them has been nominal. There has not been any sort of charges which have been made by them.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 30, 2018
    • SBI Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using the housing loan from STATE BANK OF INDIA last 5 years. The process is not quick and it took 1 month to approve of the loan but they approved sufficient amount of loan. The service is good also the rate of interest is floating interest of 9%.
      Was this review helpful? 8
      , chennai
      Reviewed on Oct 11, 2018
    • Indian Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with Indian Bank and my experience was good, the loan amount was for Rs 19 lacs with nominal interest rate when compared to others. Customer service was good and they followed up on time. Tenure period was 10 years but i prelcosed within 5 years and there were no preclosure charges.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 10, 2018
    • HDFC Limited Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this Home Loan had been perfect and the loan amount which they had provided had been satisfactory as well. There also had been good added benefits with this loan and the interest rate with them has been nominal. There has not been any sort of additional charges which they had made other than the processing fee.
      Was this review helpful? 7
      , chennai
      Reviewed on Oct 05, 2018
    • LIC Housing Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have been using the housing loan from last 1 year and they have approved for rupees 19lakhs which is satisfactory and the rate of interest is 8.4% and it is a floating interest they have offered. The documents submitted physically also the quick process to get the loan. The service is good.
      Was this review helpful? 5
      , chennai
      Reviewed on Oct 03, 2018
    • review Home Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home loan from Bajaj finance where the rate of interest is nominal with nominal processing fees for the documentation and approval . There customer representative explained the terms and condition before taking the loan . They did instant approval process.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 02, 2018
    • HDFC Limited Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience with HDFC LTD for home loan was very good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 15 years.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 29, 2018
    • Bank Bazaar Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      Nice to know your requirement and very good application app is and the system of application is also very good your apps very use full every one. Now we also knowing about which type of loan we will get bank are involved in your bank bazaar .com will provide loans for us too.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 21, 2018
    • Bajaj Finserv Home Loan
      "False Promise, Third-party agency, Interest increases "
      0.5 0.5/5 "Unacceptable"
      False Promise, Third-party agency, Interest increases every 2 months but it was promised to provide interest guarantee that will not be increased more than 0.25 but not kept the promise and the correspondence are done with third part agencies and no proper action taken and irresponsible from Chennai branch, Dilli Laxman and Team
      Was this review helpful? 13
      , chennai
      Reviewed on Sep 05, 2018
    • Axis Bank Home Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan form the AXIS bank for 25 lacs, the interest rate was in par with the market rate. It took sometime to due to the server issues but my friend was an agent it was a really easy application process. He took care of the processing and documentation.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 29, 2018
    • Bank Bazaar Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my credit card via BANK BAZAAR . The customer service ad responses was very good. I am really happy with the process . The customer service and responses was up to the mark.I am happy with the website which is very easy to understand and user friendly.,
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2018
    • Sundaram BNP Paribas Home Finance Limited Home Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      I have taken my home loan with SUNDRAAM FIANANCE . The loan amount was 25 lakhs and the interest rate was 15 years . The tenure period was 15 years . I had a good experience but the process was delayed and after so many followup's from my side , it happened. The processing fee was nominal, but the insurance amount was priorly informed.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2018
    • Axis Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken home loan from axis bank before 6 month . Their customer service representative explained the terms and condition and the process . But they took 1 month nearly for documenatation and approval . Am satisfied with the rate of interest which is the market price s. But they have charged of Rs 12000 for processing fees and documentation . They have given the tenure period of 5 years .
      Was this review helpful? 3
      , chennai
      Reviewed on Aug 25, 2018
    • Axis Bank Home Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      I also have my home loan with Axis Bank. The process to get the loan was good and easy. The rate of interest and processing charges are normal. The customer services and response is good and there were no difficulties to get the loan through. Overall satisfactory.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 24, 2018
    • Bajaj Finserv Home Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I wanted to do a balance transfer with Bajaj Finserv for the home loan. Initially I was informed the necessary details and later in the process I was informed that those details are not available for me. So I did not go ahead with the loan experience.
      Was this review helpful? 3
      , chennai
      Reviewed on Aug 24, 2018
    • SBI Home Loan
      "BEST"
      0.5 4.0/5 "Great!"
      My home loan amount was taken with SBI . I use to pay 25000 as EMI and tenure period is 25year .My loan amount is up to the mark. There is no charge for preclosere .I have not face any inconvenience at the time of documentation so far my experience is good with this bank
      Was this review helpful? 11
      , chennai
      Reviewed on Aug 17, 2018
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