Home Loan in Chennai-Banner_WC

Banner-Dynamic-Scroll-CockpitMenu_HomeLoan

HL_in_Chennai_Overview_WC

Home Loan in Chennai: Overview

Chennai, the capital of Tamil Nadu, is one of the foremost cities in Southern India in terms of economic development and cultural heritage. The city boats of a 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 instead of renting one, a Home Loan is your ideal solution. Not only do you get the funds needed, you also enjoy tax benefits.

HL_in_Chennai_Features_WC

Home Loan in Chennai: Features

Easy Balance Transfer Facility

Lower your Home Loan interest rate by availing of the Home Loan Balance Transfer facility from Bajaj Housing Finance. Transfer the balance on your existing Home Loan to avail of a more competitive interest rate.

Top-up Loan

Receive a sizeable Top-up Loan on your existing Home Loan in Chennai when you avail of a balance transfer. There are no end-use restrictions on the sanctioned loan amount. Use the additional funds to meet any personal or business-related requirements easily.

Flexible Repayment Tenor

Enjoy a flexible repayment tenor of up to 30 years, which enables you to choose a tenor that allows for comfortable EMIs. Choose a repayment schedule that matches your repaying capability with our Home Loan EMI Calculator.

Hassle-Free Documentation

Avail of a Home Loan in Chennai through hassle-free documentation. We request minimal documents, which you can choose to submit through our doorstep pick-up service.

Zero Prepayment and Foreclosure Charges

As per RBI guidelines, individuals who avail of a Home Loan at a floating interest rate can prepay or foreclose the loan at no extra cost/penalty.

HL_inChennai_DocumentsRequired_WC

Home Loan in Chennai: Documents Required

The documents required with a Home Loan application vary as per the borrower’s profile. Listed below are the lists for salaried, professional, and self-employed applicants.

Salaried Applicants Self-Employed Professionals Self-Employed Applicants
Aadhaar, PAN/Driving License, etc. Aadhaar, PAN/Driving License, etc. Aadhaar, PAN/Driving License, etc.
Salary slips (3 months), Form 16, Employee ID, etc. P&L statement P&L statement
Bank account statements (6 months) Bank account statements (6 months) Bank account statements (6 months)
Title Deed, Property Tax Receipts, Allocation Letter, etc. Title Deed, Property Tax Receipts, Allocation Letter, etc. Title Deed, Property Tax Receipts, Allocation Letter, etc.

HL_inChennai_Eligibility_WC

Housing Loan in Chennai: Eligibility

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 23–62 years
Residential status Indian Indian
Employment status A business vintage of at least 5 years in the current enterprise Work experience of at least 3 years at a public/private sector company, or an MNC

**Maximum age is considered at the time of loan maturity

HL_inChennai_HowtoApply_WC

Housing Loan in Chennai: How to Apply

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

Steps to apply online:

  1. Visit our Home Loan application form
  2. Select your loan type and employment type
  3. Fill in the respective details in the fields, including monthly salary for salaried applicants or business vintage and annual turnover for self-employed applicants
  4. If you are applying for a fresh Home Loan and have selected the property, enter the relevant property details

Once you submit all 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_Related Article_wc

HL_inChennai_PAC_WC

Call_And_Missed_Call

P1 CommonOHLExternalLink_WC

Apply Online For Home Loan
Online Home Loan

Instant home loan approval at just

Rs. 1,999

Rs. 5,999

CommonPreApprovedOffer_WC

Pre-Approved Offer