Home Loan in Chennai of up to Rs.15 Crore* @7.25%* p.a.

Overview of Home Loan in Chennai

Chennai is the capital of Tamil Nadu and is located on the Coromandel Coast of the Bay of Bengal. The city is known for its diversified economy propelled by the services, manufacturing, and automobile industries.

Flourishing economic growth has provided impetus to the city’s real estate sector, with many migrating there for opportunities. As someone looking to purchase a property in Chennai, a Home Loan can be an easy financing solution. Not only do you get the funds needed but you can also enjoy tax benefits.

Features and Benefits of Home Loan in Chennai

Interest Rate of 7.25%* p.a.

Salaried applicants can avail of a Home Loan at a competitive interest rate starting at 7.25%* p.a. with EMIs starting as low as Rs.671/Lakh*.

Top-up Loan

Receive a sizeable Top-up Loan on your existing Home Loan in Chennai when you avail of a balance transfer. The sanctioned loan amount can be used to meet housing-related needs.

Long Repayment Tenure

Enjoy a long repayment tenure of up to 32 years, which enables you to opt for a longer tenure and comfortable EMIs, basis eligibility. You can use our Home Loan EMI Calculator to calculate your monthly instalments.

Hassle-Free Documentation

Avail of a Home Loan in Chennai through our minimal and hassle-free documentation. You can choose to opt for a doorstep document pick-up service.

Zero Prepayment and Foreclosure Charges

Individuals who avail of a Home Loan at a floating interest rate can prepay or foreclose the loan at no extra cost. However, for fixed rate Home Loans, prepayment charges apply if payment is not made from 'Own Sources'.
Note: 'Own Sources' refers to any source other than borrowing from a bank/NBFC/HFC and/or a financial institution.

Balance Transfer Facility

Benefit from our competitive housing loan interest rate by availing of the Home Loan Balance Transfer facility from Bajaj Housing Finance.

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Calculate Home Loan EMI

Loan AmountRs.

Rs.4 LakhRs.15 Crore

TenureYears

5 Years32 Years

Interest Rate%

1%15%

Your EMI is Rs. 0

Total Interest

0.00%

Rs. 0.00

0.00%

Total Payable Amount

Rs. 0.00

View Repayment Schedule

Repayment Schedule

Date

Interest Rate for Home Loan in Chennai

Bajaj Housing Finance offers Home Loans with attractive interest rates starting at 7.25%* p.a. for salaried individuals. For more information regarding our Home Loan interest rates click here.

Documents Required for Home Loan in Chennai

To process your housing loan, we typically require documents such as identity proof, income proof, address proof, PAN Card or Form 97 (mandatory), and property-related documents. You can view the complete list of documents here. The list is indicative, and additional documents may be required at the time of loan processing.

Eligibility Criteria for a Housing Loan in Chennai

To qualify for a housing loan, one must be a residing Indian citizen. Additionally, applicants should meet the below eligibility criteria:

Home Loan Eligibility Criteria	For Self-Employed Applicants	For Salaried Applicants
Age	25–70 years**	23–67 years**
Residential status	Indian (residents only)	Indian (including NRIs)
Employment status	A business vintage of at least 3 years in the current enterprise	Work experience of at least 3 years at a public/private sector company, or an MNC

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Home Loan in Chennai – Steps to Apply

To apply for a Home Loan with Bajaj Housing Finance offline, walk into any of our branches across India.

To apply for a Home Loan online:

Visit our Home Loan application form.
Enter your personal details such as your name and mobile number.
Select the loan and employment type.
Fill in the respective details in the fields, including monthly salary for salaried applicants or business vintage and annual turnover for self-employed applicants.
Enter the residential PIN code and the required loan amount.
Generate OTP and enter it in the respective field.
Populate all the financial and property details as requested and submit the form.

Once you submit the details, a representative will call you and explain the next steps. In a nutshell, you will need to submit the requested documents and coordinate with our team for verification and approval.

Before you begin the application, don’t forget to check your Home Loan eligibility. This will help you know the loan amount you can avail of, and thus, improve your chances of approval.

*Terms and conditions apply.

Home Loan in Chennai: FAQs

Bajaj Housing Finance offers Home Loans in Chennai with quick disbursal within 48 Hours* post document verification.

Looking to apply for a housing loan in Chennai? You need to submit a few basic documents, such as KYC documents, address proof, income proof, PAN Card or Form 97 (mandatory). For a complete list, click here.

Note: This is an indicative list.

You can avail of a Home Loan in Chennai of up to Rs.15 Crore*, with Bajaj Housing Finance, based on eligibility.

The following is the age range for salaried and self-employed applicants to apply for a Home Loan in Chennai:

Salaried Applicants: Age between 23 and 67 years**
Self-Employed Applicants: Age between 25 and 70 years**

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

To know the approximate loan amount you can qualify for while availing of a housing loan in Chennai, you can use our Home Loan Eligibility Calculator. All you need to do is select your city of residence, date of birth, monthly income and obligation.

Bajaj Housing Finance offers a long repayment tenure of up to 32 years, ensuring convenient and manageable Home Loan repayment.