Home Loan in Chennai

About Home Loan in Chennai

Bank NameFloating Interest RateProcessing Fee
HDFC8.80% onwards0.5% of loan amount or Rs 3,000 whichever is higher, plus applicable taxes
ICICI8.90%0.5-1% of the loan amount+applicable taxes
Aditya birla9.00% onwardsUp-to 1% of the loan amount
Federal Bank8.75% onwardsupto 1% of loan amount
Kotak Mahindra Bank8.35%upto 1.25% of the loan amount
BAJAJ9.05%upto 2 %
FULLERTON9%3%
Bank of baroda8.75%0.50% of loan amount upto Rs. 50 lakhs, above Rs. 50 Lakhs is 0.25% of loan amount + GST
RBL BANK10.30%Min. Rs. 5000 of loan amount + applicable GST
AXIS8.85%upto 1% of the Home loan amount subject to a minimum of Rs 10000
IIFL9.50%upto 0.75% of loan amount, or Rs. 3000
IndusInd bank9.50%upto 1% of loan amt.
TATA CAPITAL8.70%0.50% of the loan amount

About Chennai

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Formerly known as Madras, Chennai is the capital town of the state of Tamil Nadu. It is one of the most visited Indian cities by foreign tourists and is the biggest cultural, economic, and educational centre of South India.

Chennai is also nicknamed as “The Detroit of India” having a base of one third of India’s automobile industry. It is also a major film production centre and is home to Tamil Film Industry. For many centuries the region around Chennai has served as an important military, administrative, and economic centre. Ancient coins dating to around 500 BC have been found in the excavations in the city and surrounding areas. The sculpted caves and paintings of the age old period also have been identified from that period.

About home Loan in Chennai

We eye to create a robust alternative credit ecosystem in the country. For this, we are digitizing the finance functions. Anywhere and everywhere – you can Apply for a Home Loan with just a few clicks.

Now, you can compare and make a wise choice for the best Home Loan in Chennai also. We bring forth a myriad of options from best banks and NBFCs for your convenience. It’s simple! Choose your desired product and win amazing assured cash backs up to ₹ 5000 on the disbursal of your loan amount.

Eligibility Criteria for Home Loan in Chennai

No worries for strict eligibility conditions. We tie-up with all the best lenders in the Chennai and help you with flexible eligibility criteria. Salaried/self-employed/professionals – hope you meet the following eligibility parameters.

  • A salaried individual needs to be between 23 to 62 years
  • A self-employed individual needs to be between 25 to 70 years
  • The credit score should be 700+
  • A minimum of 2 year work experience is required for the salaried individual
  • A minimum of 3 year business continuity is required for self-employed people

Documents Required for Home Loan in Chennai –

We leverage existing and emerging technologies to offer you the complete digitalized process. Upload the required documents; it will take a few minutes.

Salaried Class

  • Identity Proof - Aadhaar Card /Voters ID/Passport/Driving License /PAN Card/Photo Credit Card/Photo Identity Card issued by the Govt. of India
  • A recognized public authority or public servant issued letter establishing the identity of the customer (not more than 1 month old)
  • Residential Proof - Leave and License Agreement/Utility Bill (maximum three months old)/Passport/Voter ID Card/Aadhaar Card/Rent Agreement on Stamp Paper/Life Insurance Policy
  • Income Proof – Salary slips for the last three months along with the bank statement showcasing the credited salary. Latest Form 16/ITR
  • Employment Certificate – for the past 1 year
  • Photographs - Two passport size
  • Other Documents – Evidence to support running loans long with repayment bank statement for the past 6 months

For Self-employed

Identity Proof -

  • Aadhaar Card /Voters ID/Passport/Driving License /PAN Card/Photo Credit Card/Photo Identity Card issued by Govt of India

A recognized public authority or public servant issued letter establishing the identity of the customer (not more than 1 month old)

Address Proof for Business Entities –

  • Business Certificate/Trade License Certificate/SSI Registration Certificate/Registration Number issued by ROC

Proof of Income –

  • ITR for the last 2 years
  • Balance Sheet & P&L Account
  • 6 months account statement of business entity and savings account statement of individual

Running Loan & other Documents

  • Evidence to support running loans long with repayment bank statement for the past 6 months
  • Shareholding pattern list (certified by CA/CS)
  • Partnership deed (for partnership companies)

In addition to all the above documents, both salaried and self-employed people need to furnish the following property papers -

  • Copy of property documents
  • Copy of Agreement to sell
  • Buyer Agreement/Allotment Letter
  • Occupancy Certificate (in case of ready to move in property)
  • No Objection Certificate from the builder/society
  • Payments receipt made to the developer

Benefits & features of taking a Business Loan in Chennai

Scale up your business to new heights with a business loan. At Chennai, we have a plethora of options with added benefits. Everything is online – you don’t need to visit the bank.

Get ready to leverage the following benefits –

  1. Instant Approval – Yes. SBI, ICICI, HDFC, India Bulls, IIFL and other players are offering instant paperless approval for housing loan. At Afinoz, the lowest home loan rate is guaranteed because we bring forth best home loan players along with their offers under one roof.
  2. High Eligibility – Within few minutes, we will assess your home loan eligibility and suggest you the best available options in Chennai. Our process is driven by automated technologies, and we help you get low EMI home Loan
  3. Balance Transfer – We will make you pay your EMI easily by reducing your debt amount. Transfer your Home Loan balance to save on money. Some lenders charge fee for a home loan balance transfer.

INDUSIND BANK

About

Indusind Bank Limited is a new generation private bank. Established in 99, the bank is headquartered in Mumbai, India. It stands tall today as one of the reputed banks in the country. Indusind Bank operates more than 000 branches and over ,800 ATMs spread across the country. It also has representative offices in London, Dubai and Abu Dhabi.

Banking

reasury
Corporate/Wholesale Banking,
recurring deposits,
corporate salary,
Rupee multiplier products.
Retail Banking
,young saver deposits,
urrent, savings, defense,and RFC accounts
fixed deposits
mutual funds
My Account Number
Quick Redeem Services and 0 Days banking.
Choice Money ATMs
Direct Connect
Cash-on-Mobile
Check-on-Cheque

Product

The bank provides various banking solutions to individuals, NRIs, business owners, corporate, government and financial Institutions. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and other Banking Operations segments. The bank offers current, savings, defense, corporate salary, and RFC accounts; and fixed deposits, recurring deposits, young saver deposits, as well as Rupee multiplier products.

Card

credit cards

Branch

PH ROAD CHENNAIALWARPET CHENNAIPERUNGUDI CHENNAIK K NAGAR CHENNAINELSON MANICKAM ROAD CHENNAICHINMAYA NAGAR CHENNAIWEST ANNA NAGARROYAPETTAH CHENNAIVELACHERRYEAST MOGAPPAIR CHENNAIMEDAVAKKAM, CHENNAIAMINJIKARAI, CHENNAIKILPAUK, CHENNAIT NAGAR, CHENNAITEYNAMPETASHOK NAGAR, CHENNAIRAJAJI SALAIADYARANNA NAGARCHENNAI

PUNJAB NATIONAL BANK

About

Punjab National Bank (PNB) is an Indian multinational banking and financial services company. Established in 89, it is state-owned bank. Headquartered in New Delhi, India, the bank operates through a network of zonal offices, 7 circle offices, 98 branches, and 98 ATMs. PNB also operates a banking subsidiary in the UK, as well as branches in Hong Kong, Kowloon, Dubai and Kabul and representative offices in in Almaty (Kazakhstan), Dubai (UAE), Shanghai (China), Oslo(Norway), and Sydney (Australia). PNB and other major commercial banks were nationalized on 9 July 99.

Banking

Net Banking
Mobile Banking
SMS Banking

Product

saving deposit accountscurrent accountsfixed depositcapital gain account schemescorporate banking productsworking capital financing

Loans

Housing loancar and two wheeler loanpersonal loanprofessional loaneducation loanmortgage loansMSME Loanterm loansloan against future lease rentals

Card

Rupay Credit CardRupay Debit CardVisa Credit CardVisa Debit CardMastercard Debit CardMastercard Credit CardPrepaid Cards

Insurance

Life InsuranceFire InsuranceTheft InsuranceHealth InsuranceTravel InsuranceHousehold goods & Accidental insurance

Popular product

saving deposit accountscurrent accountsfixed depositcapital gain account schemescorporate banking productsworking capital financing

Branch

BACK OFFICE CHENNAI COSCAKODAMBAKKAARUMBAKKAMCHENNAI, CPPCC/CHEST LINK OFFICEC/CHEST BACK OFFICEWEST MOGAPPAIRGUMMUDIPOONDIRAMAPURAMCHENNAIMADHAVARAMVILLIVAKKAMCHENNAIRETAIL ASSET BRANCH ,CHENNAICHENNAI ZONAL SATTIONERY CELLCHROMPET CHENNAICHENNAI BIHER,TAMBARAMCHENNAI EAST TAMBARAMZONAL OFFICE, CHENNAICHENNAI SOWCARPETCHENNAI, PERIAMETMADRAS MOUNT ROAD,DISTT.MADRASCHENNAI LC STREETAVADICHENNAI, NUNGAMBAKKAMCHENNAI MINT STREETREGIONAL PROCESSING CENTRECHENNAI TAYLORS ROADMADRAS THEGARAYA NAGAR, DISTT.CHENNAI NSC BOSE ROADWASHERMENPET, CHENNAIMADRAS ANNASALAI,LARGE CORPORATE BRANCH,CHENNAI

BANK OF BARODA

About

Bank of Baroda (BOB) is an Indian multinational banking and financial services institution headquartered in Vadodara in Gujrat, India. The bank was established on 0 July 908 and nationalized on 9 July 99 along with other major commercial banks of India. It has been termed as a profit-making public sector undertaking (PSU). The bank has 7 global branches including 7 India branches and 0 overseas branches. It offers a wide range of banking products and services including loans, credit and debit cards etc.

Banking

Instant Banking
Baroda Connect (Internet Banking)
BHIM Baroda Pay
Baroda M-connect Plus (Mobile Banking)
Mobile Application
Baroda mPassbook
Baroda m-Invest App
BHIM UPI Payment App

Product

Account Savings Current Baroda E-Trade in accountDeposit FD RDLoans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Loans

Loans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Card

Debit Cards Visa Electron Card RuPay Platinum Card Baroda Master Platinum Card RuPay Classic Card Master Classic Card Visa Platinum Chip CardPrepaid Cards Gift Card TravelEasy Card Reloadable CardCredit Cards Easy Visa Platinum Select Visa Platinum Premier Visa Signature Prime Mastercard

Insurance

Life InsuranceHealth InsuranceGeneral Insurance

Popular product

Account Savings Current Baroda E-Trade in accountDeposit FD RDLoans Personal Loan Home Loan Vehicle Loan Education Loan Fintech (Business Loan) Other Loan MUDRA Loan Mortgage Loan Debit card EMI

Branch

WIMCO NAGAR BRANCHVIRUGAMBAKKAM,CHENNAI,TNVELAPPANCHAVADI, TAMIL NADUVELACHERRY,CHENNAIVALASARAVAKAM BRANCHVADAPALANI BRANCHULLAGARAM, CHENNAITIRUVATEESWA BRANCHTHIRUVANMIYUR, CHENNAIT.NAGAR BRANCHTAMBARAM BRANCHTHOMAS MOUNT BRANCHSOWCARPET BRANCHSITHALAPAKKAMSERVICE BRANCH, CHENNAIROYAPURAM BR., CHENNAI, T.N.ROYAPETTAI,,CHENNAI,TNRAMKRISHN NG BRANCHRAJAKILPAKAM, TAMILNADUPURASAWAKKAM BRANCHPERUNGUDI,CHENNAIPBB ANNANAGA BRANCHNUNGAMBAKKAM BRANCHNRI BRANCH KKNAGARRAJAJI ROAD BRANCHMYLAPORE BRANCHM.R.C.NAGAR BRANCHMOUNT ROAD BRANCHKAMBAR SALAI MOGAPPAIRMADURAVOYIL,CHENNAI,TNIBB MADRAS BRANCHKOLATHUR BRANCHKODAMBAKKAM,TNK.K.NAGAR BRANCHCORPORATE FINANCIAL SERVICES BRANCHRAMAVARAM BRANCHEGMORE BRANCHE.C. STREET BRANCHSIET.COLLEGE BRANCHCHOOLAIMEDU BRANCHWEST MAMBALA BRANCHAYNAVARAM,CHENNAIAMBATTUR BRANCHALWARPET BRANCHADAYAR, CHENNAIAMBUR

SYNDICATE BANK

About

Syndicate Bank is one of the oldest and major commercial banks in India and was founded in 9. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The name of the bank was changed to Syndicate Bank in 9. It is headquartered in Manipal, Karnataka and was one of the major commercial banks to be nationalized on 9 July 99, by Government of India. Syndicate Bank operated a network of 0 branches, including ,9 rural, ,7 semi-urban, 8 urban, and 8 metro branches in India; and branch in London, as well as ,8 ATMs as of March 08. Syndicate Bank offers banking products and services to corporate, SMEs and retail customer in India. Its deposit products include savings accounts, current accounts, and term deposits. It also provides retail, agricultural and other priority sector loans. In addition, the bank provides corporate finance such as working capital finance; export credit, term loan finance; loan against receivables; and project finance that includes infrastructure projects. Further, it provides Aadhaar seeding, NEFT/RTGS, online tax payment, online shopping and utility bill payment, and e-filing of income tax returns. Other services include CMS, bancassurance, mutual fund services, and demat services. Syndicate Bank also provides international banking products such as non-resident (external) rupee, non-resident ordinary rupee, resident foreign currency, and foreign currency non-resident accounts, as well as manages exchange companies.

Banking

SMS Banking
Net Banking
Missed Call Banking

Product

Loan, Banking, Credit Card

Loans

Retail Loan, Agriculture Loan, Priority Sector Loan, SME Loan

Card

Syndicate Bank Global Visa Credit Card

Insurance

NA

Popular product

Loan, Banking, Credit Card

Branch

SINGAPERUMAL KOILTHIRUPORURPALLAVARAM CHENNAICHITLAPAKKAM CHENNAIVALASARAVAKKAM CHENNAIPOONAMALLEEPARVATHIPURAMCHENNAI MADIPAKKAMNANGANALLUR AMCRO, CHENNAI-IIMANDAVELLI CHENNAIKOLATHURCHINDADIRIPET CHENNAIMID CORPORATE CHENNAIKORATTURAYANAVARAM CHENNAIASHOKNAGARMAMBALAMFGMO, CHENNAIANNANAGAR WEST EXTENSIONMADURAVOYAL CHENNAISHENOY NAGAR CHENNAIKILPAUK CHENNAIVILLIVAKKAMARMB CHENNAICENTRALISED PRECESSING CENTRECHENNAI SAIDAPETCHENNAI THONDIARPETTHIRUVANMIYURCHENNAI VELACHERRYCHENNAI KOYAMBEDUCHENNAI ADYARCHENNAI K K NAGARANNA NAGAR CHENNAICORRPORATE FINANCE BRANCH CHENNAICHENNAI FORT ST GEORGEOVERSEAS BR CHENNAICHENNAI PERUVALLURR O CHENNAIAMINJIKARAINUNGAMBAKKAMCAO CHENNAIMYLAPORE CHENNAIEGMORE CHENNAIGEORGE TOWN CHENNAICHENNAI MINT STREETTRIPLICANETEYNAMPETCHENNAI PURASAWALKAMKODAMBAKKAMCHENNAI ROYAPETTAHNANDANAM CHENNAIT NAGARMOUNT ROADPERAMBURARMENIAN STREET

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