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 2849 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 23 Nov 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

    • Bank Bazaar Home Loan
      "Need to include more banks"
      0.5 4.0/5 "Great!"
      I suggest bankbazaar to be in tie up with more banks and also they have to provide an option for comparing the processing fee too. When we check for a particular product top 10 banks for that product has to be displayed, That will help customers to understand about the bank service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 23, 2017
    • Bank Bazaar Home Loan
      "Good website for Banking needs"
      0.5 5.0/5 "Blown Away!"
      Good support and good technology driven platform to connect bankers and customers. Defenetly this company is going extra last mile to fullfill customer needs. Can get all Banking Solutions in single windows.very much pleased with the service also.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 22, 2017
    • Bank Bazaar Home Loan
      "Helpful website"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar gave me good response and the service from there end was fine. The customer service executive gave me regular follow up and the website is easy as they have lot of options. Its actually a time saving mechanism. Its approachable any time.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 22, 2017
    • HDFC Limited Home Loan
      "Considerable bank for Home loan"
      0.5 5.0/5 "Blown Away!"
      I have applied for a home loan with HDFC LIMITED. But later i got the amount from some other source so that there was no requirement . Thus my application got closed. The response from the institution was good and satisfying. In future if i am planning to take a home loan then i will consider HDFC.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 22, 2017
    • HDFC Limited Home Loan
      "No response"
      0.5 1.0/5 "Really Bad"
      I have requested for a home loan application with HDFC LIMITED. But i did not receive any response from the bank end. Thus my application got closed. I waited for their call and no one from the bank end turned up till now and that was really disappointing.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 21, 2017
    • Bank Bazaar Home Loan
      "Good website"
      0.5 4.0/5 "Great!"
      I have applied for a loan with bankbazaar. They gave me good response and the follow ups were good. They informed me that they would sharing my application with some of the banks but i did not receive any calls. But i just got call from SBI. So I would suggest bankbazaar to check with the bank whether the customers are getting proper response or not.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 21, 2017
    • Bank Bazaar Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have started browsing the website very recently its been two months now.The service of the website is excellent to use and the options are very simple,easy to understand and navigate.I got many offers for a home loan request and chose the right one.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had requested for a home loan with Hdfc limited the loan amount is ten lakhs,rate of interest is 8.66% nominal as compared to other banks.The reason for closing the applications is they told me the property is out of geographical area otherwise i liked the service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Bank Bazaar Home Loan
      "Approachable website"
      0.5 4.0/5 "Great!"
      The service was good with bankbazaar. They gave good follow up. Helped in explaining what are the documents needed for an application for home loan. The gave good response at the time of my application. The website and all the option are easy.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • HDFC Limited Home Loan
      "Interest rate was high"
      0.5 4.0/5 "Great!"
      The rate of interest with the bank was on the high side. The approved rate of interest was 8.33 percentage. So i closed the loan with HDFC LIMITED. And in future if the rate of interest was feasible then i can consider HDFC limited for home loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Bajaj Finserv Home Loan
      "Very bad service "
      0.5 0.5/5 "Unacceptable"
      I had very bad experience with Bajaj finanace service. The Manager Abhilash, is not worth to be a Manager, He does not have basic ethicate to respond phone and to reply to email. The executive makes commitment and they do not keep there commitment and when the customer care is contacted they say they cannot do any thing from there side. They force you to contact a manager, who does not respond.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Bank Bazaar Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using the website for more than three years.The website has got updated information regarding loan and card products,they have got different option like yo check the credit score.EMI options etc.The service rendered by the team is excellent.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Sundaram BNP Paribas Home Finance Limited Home Loan
      "Bank shoud be transparent "
      0.5 1.0/5 "Really Bad"
      I have applied for a home loan with sundaram finance.The loan amount is 30 lakhs.The rate of interest is 8.35% nominal as compared to other banks.they had told me 20,000 will be for home insurance as it is mandate and Rs1500 as processing fees,too much of hidden charges to get a home loan hence not happy with the charges and closed the request.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Bank Bazaar Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It has been one year now since I came to know about the service of Bankbazaar.com but this is the first time I am using the service I applied for the loan with Bankbazaar.com website which was easy to use and the customer service was good it was totally a good experience which I had with bankbazaar.com.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Punjab National Bank Home Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      The service was good from pnb for my home loan service but I had some difficulty during the documents part they said my documents was not clear to process further for the loan process the interest rate was fine ,the customer service was prompt but I feel there was some communication problem but it was a average experience with pnb for my home loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • HDFC Limited Home Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      I have taken my home loan with HDFC LTD. The process to get the loan was okay. The customer services and response is good and on time. The rate of interest is of 11.55% which is very high and the charges are also high. I am planning to do a balance transfer to another bank soon.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • Bank Bazaar Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bank bazaar is very good and quick in contacting the customers after they submit the application through their website. Bank bazaar website good and useful and user friendly. I got a very quick response from them and they explained everything clearly.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I applied for a home loan with State Bank of India after I closed the home loan application with HDFC Limited. State Bank of India offered me the home loan with 8.4% as rate of interest and they waived off the processing fees. They were quick in processing the loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a home loan with HDFC Limited but later I had to close down the home loan application because I have postponed the plan of purchasing the home loan as of now. HDFC Limited offered me the home loan with 8.6% as rate of interest and the processing fees Rs. 8000.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • Bank Bazaar Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had a good experience with bankbazaar so far, the services provided by bankbazaar is good when compared to all other banking websites. I know bankbazaar.com from last 1.5 years. The customer service was good and their response was prompt. The website is easy to use and it is user friendly.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2017
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