A "low interest" loan shouldn't mean you have very little interest in paying it back!
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
    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.10,000 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.10,000 Amazon Voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.85% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 10.05% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 9.25% Floating
    0.50% (min. ₹2,000) + applicable tax
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.35% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.35% Floating
    0 One time fee
    50L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Good to Know
    Eligibility Criteria
    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
    Rs.10,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    Eligibility Criteria
    10.67% Floating
    1% One time fee
    5L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.80% Floating
    0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.95% - 10.40% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher free
    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 2886 Users
    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 19 Jan 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

    • HDFC Limited Home Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have taken a home loan with HDFC limited the loan amount is 18 lakhs,rate of interest is very high as compared to others.I submitted documents,i paid my EMI through an ECS payment.I am not happy with rate of interest is not satisfactory hence i closed and got it swapped with different bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 16, 2018
    • SBI Home Loan
      "Call support needs to be improved "
      0.5 5.0/5 "Blown Away!"
      My home loan was taken with State Bank of India. I have completed one and taken a new loan recently. They need to improve the customer service. The rate of interest was best. The documents are collected at doorstep by the executive. They have disbursed my loan on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 10, 2018
    • HDFC Limited Home Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      My home loan is with HDFC LTD and the process to get this loan was easy and hassle free. The documentation was minimal. I am offered a rate of around 10.5% and it is a fixed rate. The processing charges are normal and the after loan services are also good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 02, 2018
    • HDFC Limited Home Loan
      "Happy service"
      0.5 5.0/5 "Blown Away!"
      I am running a home loan with HDFC LTD. I have taken 2 home loans and paying 50K per month. It will be debited directly from my account. The documentation process is simple and executive came to my place and collected all the documents. I have purchased a residential property.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 02, 2018
    • HDFC Limited Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My Home Loan experience with HDFC LTD was good, the process was very smooth and the loan amount was disbursed within 10 days. The loan amount was for Rs 20 lakhs with the rate of interest of 8.5% which is the best rate in the market. Customer service was good and documents were collected on time. The tenure of the loan is 20 years and it was overall a good service from HDFC LTD.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 28, 2017
    • Bank Bazaar Home Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      Form the bank bazaar end the customer service was good and was also very helpful . I received call within 24 hours as after i registered for the loan process . The Website of bank bazaar was good easy to use and very user friendly . Over all it was a good experience with bank bazaar .
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 22, 2017
    • Axis Bank Home Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      it was not that good experience as i thought with the AXIS Bank for the home loan i applied for . I never spoke to the concerned bank people , i never got a call form the bank side . The Customer service was not that good in contacting me . No information was given to regarding the loan process .
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 22, 2017
    • Punjab National Bank Home Loan
      "Worst Experience With PNBHFL"
      0.5 1.5/5 "Bad"
      PNBHFL Service is really bad... It has been more than a month since I have applied and proceeded with the process. Relationship manager wont at all provide response whenever I reached him and the executive as well....they collected all documents got the loan agreement signed but no response after that about loan disbursement/final sanction, now feeling myself suspended in the black space..don't know what's happening..
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 21, 2017
    • Bank Bazaar Home Loan
      "Awesome Experience"
      0.5 4.0/5 "Great!"
      I had a awesome experience on applying through bankbazaar site.... comparison with lot of banks and we can choose a best one with our favour and good customer service. bank side they will take some time more the 2 days that needs to be improve...
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 21, 2017
    • review Home Loan
      "Not bad"
      0.5 3.5/5 "Pretty good"
      I have taken my home loan with GIC housing finance 7 years back. The loan amount was 13 lakhs and the interest rate was 12% which was very high than other banks. The tenure period was 15 years and the loan amount was really good. They have provided door step service for coletcing documents and there is no processing fee so I would like to recommend to others.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 21, 2017
    • Bank Bazaar Home Loan
      "GREAT"
      0.5 4.0/5 "Great!"
      The customer service was good from the Bank bazaar side . Within a day i received call form the executive of bank bazaar and he explained me everything in detailed way . The Website of Bank Bazaar was good and user friendly . The only thing the process is kind of long process on the website rest everything was fine .
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 14, 2017
    • HDFC Limited Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      it was a good experience with HDFC LTD for the home loan i applied for . The actually i postponded the construction so i did not opt for the loan process . The Customer service was good from HDFC end . The Follow ups were good and on proper time . They sanded me a mail regarding the information for the loan process .
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 14, 2017
    • Syndicate Bank Home Loan
      "Its Best"
      0.5 4.0/5 "Great!"
      I have taken Home loan on my spouse name, they offered me 90% of loan. Because we have joint account with them, they gave me normal interest with floating rate. I have taken 18 lakhs it has the tenure of 25 years. EMI amount and due date is convenient. But for 20 months, they taken Rs. 2 lakhs of interest, from next month onward EMI gets started.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 13, 2017
    • 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? 1
      , 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? 4
      , 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? 3
      , 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? 3
      , 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? 3
      , 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
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