Chennai has been long acknowledged as the cultural and economic hub of Southern India. In fact, the ‘Detroit of India’ harbours some of the most reputed MNCs, IT companies and automobile companies. Being a boiling pot of commercial activities, there has been a significant improvement in the living standard of the residents in Chennai.
Accordingly, the real estate sector, especially the housing segment, is booming in the city. Furthermore, with the help of financing options like a home loan from Bajaj Housing Finance Limited, people are now one step closer to buying their dream house.
A home loan in Chennai extends several features and benefits that simplify the borrowing experience for lenders.
Take a look below to gain more insight.
Following are some noteworthy features and associated benefits of availing Bajaj Housing Finance Limited’s housing loan in Chennai
Lower your home loan interest rate in Chennai by availing home loan balance transfer facility from Bajaj Housing Finance Limited. Lower your overall interest outgo towards the existing loan through hassle-free documentation.
Receive a high quantum top-up loan on the existing Home loan in Chennai on re-financing. There is no end-use restriction on the sanctioned loan amount. Use the additional fund to meet any personal or business-related requirements easily.
Enjoy a flexible repayment tenor of a maximum of 360 months. This helps to choose a repayment schedule that matches your repaying capability. Use a Chennai home loan EMI calculator to choose the best suited EMI and tenor combination.
Avail a home loan in Chennai through hassle-free documentation. All you need to submit is a few essential documents to access the required funds.
These facilities prove useful when you wish to repay your loan before the end of the tenor to lower the EMI burden. Bajaj Housing Finance Limited allows you to manage your loan smartly with these features without paying any additional charge.
First-time buyers can avail a home loan in Chennai under the PMAY Scheme. This affordable housing scheme allows eligible candidates to receive a subsidy on their housing loan interest.
Submitting the required set of documents can help speed up the approval process.
Here is a list of required documents for salaried and self-employed applicants –
Along with these, both salaried and self-employed applicants need to submit these common documents to initiate the verification process -
Note that applicants may be required to submit documents as and when directed by the financial institution.
To qualify for a housing loan, applicants need to meet a few simple eligibility criteria.
Apply for a home loan in Chennai in just few steps –
Apply for the best home loan in Chennai online by following these steps –
Step 1 - Navigate to the ‘Home loan’ page.
Step 2 - Fill the home loan application form with enter your personal details, such
as name, employment type, loan type, pin code, and mobile number
Step 3 - Our representative will get back to you shortly and guide you through the next steps.
In case you want to apply offline, we also accept applications via the SMS facility.
Don’t forget to check your home loan eligibility to improve the chances of receiving quick approval accordingly. Doing this will help gain information about the loan amount you are likely to receive and the applicable home loan lowest interest rate in Chennai at the same time.
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Last update on 11-Mar-2021
Now know your Home Loan Eligibility
Get additional top-up loan with Loan against property balance transfer
Now calculate your monthly EMI, instalments and rate of interest on the loan amount
Get a top up loan without additional documentation