Compare Home Loan Interest Rates of Top Banks & HFCs in Chennai
Name of Lender | Loans Up to Rs. 30 Lakh | Loans Above Rs. 30 Lakh to Rs. 75 Lakh | Loans Above Rs. 75 Lakh | |
SBI | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | Check Eligibility |
HDFC Bank Limited | 8.15% p.a. onwards | 8.15% p.a. onwards | 8.15% p.a. onwards | Check Eligibility |
Bajaj Housing Finance | 7.49% p.a. onwards | 7.49% p.a. onwards | 7.49% p.a. onwards | Check Eligibility |
ICICI Bank | 8.00% p.a. onwards | 8.00% p.a. onwards | 8.00% p.a. onwards | Check Eligibility |
Axis Bank | 8.35%-11.90% p.a. | 8.35%-11.90% p.a. | 8.35%-11.90% p.a. | Check Eligibility |
Federal Bank | 9.15% p.a. onwards | 9.15% p.a. onwards | 9.15% p.a. onwards | Check Eligibility |
Punjab National Bank | 7.55% - 9.35% p.a. | 7.50% - 9.25% p.a. | 7.50% - 9.25% p.a. | Check Eligibility |
Kotak Mahindra Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
Canara Bank | 7.50%-10.25% p.a. | 7.45% – 10.25% p.a. | 7.40% – 10.15% p.a. | Check Eligibility |
IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
IDBI Bank | 7.75% p.a. onwards | 7.75% p.a. onwards | 7.75% p.a. onwards | Check Eligibility |
Punjab & Sind Bank | 7.55% - 10.75% p.a. | 7.55% - 10.75% p.a. | 7.55% - 10.75% p.a. | Check Eligibility |
RBL Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
Tata Capital Housing Finance | 7.99% p.a. onwards | 7.99% p.a. onwards | 7.99% p.a. onwards | Check Eligibility |
PNB Housing Finance | 8.25% - 11.50% p.a. | 8.25% - 11.50% p.a. | 8.25%-12.35% p.a. | Check Eligibility |
Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
Aditya Birla Capital | 8.25% p.a. onwards | 8.25% p.a. onwards | 8.25% p.a. onwards | Check Eligibility |
India Shelter Home Loan | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | Check Eligibility |
L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Home First Finance | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | Check Eligibility |
Easy Home Finance | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | Check Eligibility |
Piramal Capital Housing Finance | 9.50% p.a. onwards | 9.50% p.a. onwards | 9.50% p.a. onwards | Check Eligibility |
Cholamandalam Investment and Finance | 10.00% - 19.00% p.a. | 10.00% - 19.00% p.a. | 10.00% - 19.00% p.a. | Check Eligibility |
Note: Last Updated on 4 July 2025

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Home Loan Features
- Home loans in Chennai can be availed at interest rates from 7.25% p.a.
- Tenure can go up to 30 years
- Loan amount is 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.

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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

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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