Home Loans in Chennai

Compare Home Loan Interest Rates of Top Banks & HFCs in Chennai 

Name of Lender	Loans of Up to Rs. 30 Lakh
Bank of India	7.10% p.a. onwards	Check Eligibility
State Bank of India	7.25% p.a. onwards	Check Eligibility
Punjab National Bank	7.20% p.a. onwards	Check Eligibility
Canara Bank	7.15% p.a. onwards	Check Eligibility
HDFC Bank	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.40% p.a. onwards	Check Eligibility
ICICI Bank	7.65% p.a. onwards	Check Eligibility
Axis Bank	*8.25% p.a. onwards	Check Eligibility
Federal Bank	*7.90% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	7.70% p.a. onwards	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.35% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.75% p.a. onwards	Check Eligibility
PNB Housing Finance	*7.20% p.a. onwards	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	8.43% p.a. onwards	Check Eligibility
L&T Finance Limited	*8.40% p.a. onwards	Check Eligibility
Godrej Housing Finance	7.75% p.a. onwards	Check Eligibility
Home First Finance	8.00% p.a. onwards	Check Eligibility
Easy Home Finance	8.99% p.a. onwards	Check Eligibility
Piramal Capital Housing Finance	*8.25% p.a. onwards	Check Eligibility
Shubham Housing Finance	10.45% p.a. onwards	Check Eligibility
Punjab & Sind Bank	7.30% p.a. onwards	Check Eligibility
Jio Housing Finance	8.20% p.a. onwards	Check Eligibility
HDFC Sales Pvt Ltd	7.90% p.a. onwards	Check Eligibility

Note: Last Updated on 8 September 2025

Home Loan Features

• Home loans in Chennai can be availed at interest rates from 7.35% p.a. onwards
• Tenure can go up to 30 years
• Loan amount can go up to 90% of the property value
• Pre-approved home loans are offered to select existing customers having good credit profile
• No pre-payment or foreclosure charges are levied on floating rate home loans
• Top-up home loans are offered to existing home loan borrowers to meet their business/personal requirements or carrying out renovation, improvement, extension, etc to their properties
• Home loan balance transfer are offered to existing home loan borrowers of other lenders at lower home loan rates
• Home Loan overdraft facility is also offered to the home loan applicants to help their reduce their interest cost while retaining liquidity

Income Requirements of Home Loan in Chennai Minimum monthly income requirement- Rs 15,000; can be higher for some lenders.

Eligibility Criteria of Home Loans in Chennai

• Age- 21 years at the time of loan application
• At least 3 years of work experience for both salaried and self-employed
• Applicant should be Indian national, PIO, NRI. Some lenders also offer special home loan schemes branded as NRI Home Loans to their NRI/PIO applicants.
• Credit Scores of 730 and above increase chances of availing home loans and at lower interest rates
• Job profile of the applicant: Salaried applicants working Government, PSUs and corporate sectors; Self-Employed Non-Professionals such as contractor, trader, commission agent, etc; Self-Employed Professionals such as Doctors, CS, lawyers, CA, architect, consultant, engineer, etc

Documents Required for Home Loans in Chennai

For Salaried Applicants

• KYC documents: PAN card, passport, voter ID, Aadhaar card, driving license
• Employment contract/appointment letter if the job is less than a year old
• Income Proof: Salary slips for last 3 months, Bank statement for past 6 months with salary credits, ITR/Form-16
• Own contribution proof
• Property documents
• Bank statement showing loan repayment history
• Processing fee cheque

Additional Documents for Self-Employed Applicants

• Current account statement of business entity
• Business profile
• Recent Form 26AS
• Income Proof: ITR with income computation for past 3 years
• Balance sheet and profit & loss account statement for last 3 years
• Savings account statement of individual for past 6 months
• Memorandum and Articles of Association of the company

Also Check Home Loan EMI Calculator