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About Home Loan in Chennai
Chennai is the capital city of Tamil Nadu. It is the main cultural, educational and economic center of South India. It is one of the third largest deposit center and credit center of India. The city is the headquarter of few banks and the other banks have a number of branches in the city to fulfill the financial aid of the people. It is one of the important city of southern India and has attracted a lot of large and medium to small companies. If you are also planning to settle down in Chennai, you must buy a home of your own. The interest rates offered by best home loan banks in Chennai. Below are the address details of the banks where you can get affordable rates.
Branch Address of Best Home Loan Banks in Chennai
|Banks Name||Main Branch Address||Home Loan Rate Of Interest|
|SBI||Dhandeeswaram main road, Dhandeeswaram nagar, Velachery, chennai 600042||6.70%-7.30%|
|HDFC Ltd||759, ITC Center, Anna Salai, Chennai 600002||6.75% - 8.00%|
|ICICI Bank||1, Cenotaph Road, Chennai, 600018||6.75% - 7.55%|
|Axis Bank||82 Dr. Radhakrishnan Salai Mylapore, Chennai 600004||6.90% - 8.55%|
|PNB HFL||Pnb Housing Finance Ltd |
Vaagai, 2nd floor, sector 1,
Ambattur industrial estate,
2nd main road, Chennai - 600058
|7.35% - 9.05%|
|Indiabulls HFL||1st Floor, No.7, AC Block, 2nd Avenue, Anna Nagar,||8.65% Onwards|
|Bank of Baroda||252 A, Ttk Road, Alwarpet, Chennai 600018||6.75% - 8.25%|
|DHFL||The Blue Lace Brocade, Door No.2/75, 1st Floor, New Avadi Road, Kilpauk Garden, Chennai.600010||9.05% - 9.95%|
|LIC HFL||LIC Housing Finance Limited, LIC Zonal Office , Ground Floor|
153 Anna Salai
Chennai - 600056
|6.90% - 7.90%|
|IDBI Bank||P.M.Towers 37, Greams Road, Chennai||6.80% - 9.90%|
Home Loan in Chennai Details
|Interest Rate||6.70% - 14.00%|
|Processing Fee||0% to 1.25 % of the loan amount|
|Tenure/ Repayment||1-30 years|
|Particulars||Salaried Individuals||Self-Employed Individual||Partnership Firm||Private/Public Ltd. Company(in existence for at least 3 years)|
|Age||The applicant should be above 21 years old at time of application, and less than 58 years of age at time of maturity of the loan||Any proprietor, partner, professional or director above 21 years but below 65 years at the time of the loan maturity.|
|Income||Gross annual income of at least ₹ 1,80,000 per annum||Gross annual income of at least ₹1,80,000lakhs||Firm should have a minimum PAT (profit after tax) of ₹3 lakhs||Minimum PAT (profit after tax) of ₹3 lakhs|
|Job Stability||The total employment stability should be more than 2 years and current employment stability of minimum 1 year||Business stability should be more than 3 years|
- Proof of Identity- PAN Card/Driving license/ Voter ID/Passport/Aadhar Card.
- Proof of address- Passport/Utility bill/Aadhar card
- Proof of Income- Latest salary slip/ ITR/Form-16
- Bank Statement– Last 3 months bank statement/ last 6 months bank passbook.
Property Documents- Agreement sale copy, Certificate of possession, Land tax receipt, the detailed cost of construction, Letter of allotment, Original NOC.
About Home Loan
Want to a home for yourself and your family? Why pay rent, you can instead opt for a home loan which can secure a place for you. The home loan is a product offered by banks and NBFC to help to cherish your dream to have a home or place for yourself. It can be used in buying the new property, construction of houses, the renovation of home or extension of your house etc. The interest rate of the home loan is relatively less than other loan products as it is the secured loan. The repayment tenure for the home loan is long and maximum time period is 30 years which give you the option to pay low-EMI and come with instant approval facility.