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
    8.35% - 8.70% Floating
    ₹2,000 to ₹10,000 + applicable tax
    -
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.6% - 8.95% Floating
    Up to 0.5% (min. ₹5900) 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 Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Chennai Home Loan Reviews

    • LIC Housing Home Loan
      "Good for all type of people"
      0.5 5.0/5 "Blown Away!"
      I do have the home loan with the LIC Housing finance limited and the rate of interest is very good, also their response too. Customer service is also a good one for me with them till now. The loan amount got disbursed to my account within ten working days of time.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 11, 2017
    • Bank Bazaar Customer Support
      "Better"
      0.5 2.0/5 "Expected more"
      Bankbazaar.com response is good one and also its an immediate one like I got the call in an hour of time. Website is good one with the Bankbazaar.com, also I came to know about through television advertisement.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 09, 2017
    • ICICI Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I was not eligible to get the home loan with the ICICI bank, so I dint go ahead with them. I got the call from the ICICI bank in a week of time. Response was good one with them till now. In future, I would like to go ahead with them after I have closed the personal loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 09, 2017
    • HDFC Limited Home Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      I have taken my home loan from HDFC LTD and the process to get the loan was not a hassle. It went through smoothly and the executive came over and collected my papers. My disbursement was on time. I current pay a interest rate of 9.70%. The institution does not reduce the rate when it drops.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 09, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has equally done a good job for me and the overall experience was smooth and very easy. The customer services was nice as the team explained the details to me clearly and and on time. There were proper follow up calls as well and the website is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 08, 2017
    • ICICI Bank Home Loan
      "Nice Experience "
      0.5 5.0/5 "Blown Away!"
      The experience at ICICI Bank has been good for the home loan. The customer services was good and the whole experience was on time and the disbursement was as promised as well. The rate of interest was of 8.4% and the processing charges was of 1200.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 08, 2017
    • Bank Bazaar Customer Support
      "Timely process"
      0.5 4.0/5 "Great!"
      Though were just few calls from Bankbazaar.com, those calls were coordinated at the right time and It was a smooth process with them. It was overall a timely process and supportive as well. The website is good and very much helpful to navigate through.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 07, 2017
    • Axis Bank Home Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      The home loan provided by Axis Bank was really good . The disbursement happened on two slots. There was a proper coordination right through the process. The rate of interest was normal and the processing charges was of 11K. The after loan services are also good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 07, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been good and the experience has been very supportive. The team has been proactive and coordinated a lot with the bank for me. The website is also good and easy to navigate through. The response was instant as soon as I registered.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 07, 2017
    • Sundaram BNP Paribas Home Finance Limited Home Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      It was quite good at Sundaram BNP home finance for the home loan. They were customer friendly and responded fast. The process took two weeks and the rate of interest was of 9% and the processing charges was normal. The after loan services are also good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 07, 2017
    • Bank Bazaar Customer Support
      "Great Coordination"
      0.5 5.0/5 "Blown Away!"
      The team at Bankbazaar coordinated very well with the bank and and has been supportive through out the process. They were proactive in the services and very much responsive when ever I reach out to them. I am also comfortable in using the website and it is very much helpful too.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 05, 2017
    • SBI Home Loan
      "Excellent bank"
      0.5 5.0/5 "Blown Away!"
      My home loan is from State Bank of India and it was a very nice experience right through the process. Mr. Kalyan from the bank has been helpful during the process. The rate of interest was of 8.65% on a floating basis and the processing charges was normal too.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 05, 2017
    • Bank Bazaar Customer Support
      "Userfriendly and easy to navigate"
      0.5 4.0/5 "Great!"
      I got to came to know about Bank Bazaar through media, their service is also good, everyday I get follow up calls for my housing loan. I took complete initiative on the loan process, within 48 hour, they have with connected with the bank. Even the bank site is s userfriendly to compare the rates.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 05, 2017
    • Axis Bank Home Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      Its a good experience, AXIS have taken maximum of two weeks to sanction the amount. I have submitted KYC documents, pay slip, bank statement and property documents. Axis have verified the property details and done the disbursement but I felt rate of interest was high compared to other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 05, 2017
    • Bank Bazaar Customer Support
      "Approachable Service"
      0.5 4.0/5 "Great!"
      I was getting regular followup calls and updates from bankbazaar for the loan process. But the process took long time but then they provided a good service. Even they have good and informative web portal which is useful and I am very much happy to apply for the loan through this portal.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 01, 2017
    • HDFC Limited Home Loan
      "Be more customer oriented"
      0.5 2.0/5 "Expected more"
      Initially the interest rate was 8.35% for the home loan (plot loan) and 0% of processing fee with HDFC Ltd. Their executive came home and they informed me about the interest rate and other details but later on they changed the interest rate as 8.70% with rupees of 11,650 as processing fee. I had a word with the bank but the bank did not accept and finally I had to accept their interest rate and processing fees.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 01, 2017
    • Bank Bazaar Customer Support
      "Supportive "
      0.5 4.0/5 "Great!"
      Bankbazaar was very supportive on my loan process. My application was properly followed up by them and they updated the status of the application through sms and calls. To my suprise the entire process was completed in 10 days. As far as the site is concerned it is easy to access.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 01, 2017
    • ICICI Bank Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I availed home loan from ICICI bank. MY loan process went smooth with the bank. The executives of ICICI bank supported a lot and they promptly followed up the loan application. Interest rate is quite ok. I found that the ICICI bank is very reasonable in all the aspects.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 01, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      After furnishing my details on the website bankbazaar .com for my housing loan, I had received a good response . I had received followup calls too and they forwarded my application to the bank in turn. The loan process went well and it was a flawless service in all.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 01, 2017
    • Axis Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had taken the home loan from Axis bank and I did not find any difficulties with Axis bank on the loan process. Their overall service is good and from the bank side there were no issues at all. The rate of interest is quite ok, but I will be more happy if they reduce it.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 01, 2017
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    Chennai Home Loan is Rated as "Great!" by 2569 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    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 18 Aug 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

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