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Own Your Home in Chennai with Tata Capital Home Loans


Quick Appreciation

Chennai is a quick-growing city that keeps developing with each passing day. This phenomenon has also led to a quick appreciation of real estate in the city. Simply put, if you buy an apartment in Chennai today, the value will quickly escalate in the near future. 

Rental Income

Given that Chennai offers several job opportunities and boasts several premium educational institutions, you’ll always find professionals and students looking for houses to rent here. This is why taking a home loan in Chennai to buy a good quality home can earn you a significant and steady rental income.

  • Loan amount offered

    ₹5,00,000 - ₹5,00,00,000

  • Loan tenure

    Up to 30 years

  • Interest rate starting @

    8.75%* p.a.

    View Rates & Charges

Home Loan EMI Calculator

Loan amount
₹
₹75,000 ₹35,00,000
Loan duration
1 Years 6 Years
Loan duration
12 Months 72 Months
Rate of interest
%
10% p.a 19% p.a

Monthly EMI

  • Total Amount Payable

    0*

  • Total Interest Payable

    0*

Total Amount Payable

Total Interest Payable

Apply Now
Calculate Home Loan EMI

Features and Benefits of Home Loan in Chennai

If you plan to get a house in Chennai, Tata Capital offers customized home loans so you can get one. Here are some features of home loans in Chennai.

Attractive Interest Rates

We aim to make home loans affordable for you. With Tata Capital, you get lower interest rates on home loans in Chennai and lower interest rates lower your EMIs so that you can easily buy your dream house.

Easy Eligibility Criteria

Tata Capital has basic eligibility criteria, so your loan is approved quickly, and the amount is disbursed without delay. Use Tata Capital’s Home Loan Eligibility Calculator to calculate your eligibility online.

Versatility

Whether you dream of an apartment in a high-rise or an independent house, we provide home loans tailored to your housing needs.

Extended Tenure

Tata Capital has you covered if you need more time to repay your loans. We provide extended loan tenure of up to 30 years so that you can repay the loan without any difficulty.

Quick Appreciation

Chennai is a metropolis growing rapidly. As a result, it attracts students and professionals from across the country. A house in the city makes up for a good investment and will become your valuable asset.

Home Loan Interest Rates in Chennai?

Not sure if you know that home loan interest rates in Chennai and all over India are at an all-time low! So, now is the ideal time to avail of housing finance. Getting a home loan at a low rate of interest will reduce your total EMI cost, and you will be able to borrow more, and home loan repayments won't feel like a burden.

If you’re looking for a credible lending institution to extend one of the lowest home loan interest rates in Chennai, turn to Tata Capital! You can check out our interest rates mentioned below. Know that we try our best to offer you affordable housing finance, that too, at flexible repayment tenures and with minimal documentation.   

Eligibility Criteria for a Home Loan in Chennai?

  • You must be between 24 and 65 years of age

  • Salaried employees must draw a minimum salary of Rs. 30,000 with at least two years of work experience.

  • Self-employed professionals must possess at least three years of work experience in their current field.

  • For NRIs (Non-Resident Indians), the applicant must be a salaried individual with a minimum work experience of three years

Use our home loan eligibility calculator to calculate your eligibility in no time. 

Documents Required for Home Loan in Chennai

  • Age Proof

    A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

  • Photo Identity Proof

    A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

  • Address Proof

    A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

  • Income Proof

    A copy of your Salary Slips for the last three months, Salary Bank Account Statements for the last six months, Appointment letter, Yearly increment letter, or a Certified true copy of Form 16

  • Existing Loan Details

    Existing loan details should be provided through Bank Statements or Loan Statements

  • Processing Fee Cheque

    To be issued from your salary account

  • Age Proof

    A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

  • Photo Identity Proof

    A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

  • Address Proof

    A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

  • Business Proof

    A copy of the last two years' Income Tax Returns, your Business Profile on a letterhead, or your Business Registration Certificate for business commencement

  • Income Proof

    A copy of the last three years' Profit & Loss (P/L) Projection Statement, Operative current account statement for the last six months, Bank statements for the last six months of CC/OD facilities (if taken)

  • Existing Loan Details

    Existing loan details should be provided through Bank statements or Loan statements

  • Processing Fee Cheque

    To be issued from your business account

  • Age Proof

    A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

  • Photo Identity Proof

    A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

  • Address Proof

    A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

  • Employment Proof

    A copy of your pay slips for the last six months along with the employment stability documents, such as your appointment letter or previous employment history

  • Income Proof

    Overseas salary account details for Indian NRE or NRO account statements for the last six months

  • Credit Report

    NRI applicants should submit a Credit Report of their current country of residence, wherever it is applicable as per Tata Capital norms

  • Existing Loan Details

    Existing loan details should be provided through Bank statements or Loan statements

  • Processing Fee Cheque

    To be issued from your salary account or business account

Check out the complete list of home loan documents

How to apply for a Home Loan online in Chennai?

1

Want to apply for a home loan in Chennai but can't find the time to visit a lender branch? Now you don’t have to! Tata Capital brings a secure, transparent and quick way of applying for housing finance through our online application portal.

2

Follow four simple steps, and you'll receive your loan approval and amount within a matter of a few days. Click on the "Apply Now" button to start your loan application. Here, you will be asked to fill out your personal information, occupation, property, and loan details.

3

Once you're done providing us with these essential details and matching our eligibility criteria, we'll ask you to upload certain documents. After you successfully file your application, our loan experts will visit the property site, and if all goes all, we'll provide you with an E-sanction letter.

4

Receiving this letter means we have approved your loan, and the amount for the same will be transferred to your bank account. With such a hassle-free application process at your fingertips, apply for a housing loan in Chennai with us right away.

Apply Now

Other Ways to Apply for a Home Loan in Chennai

  • Customer care: 18602676060

  • Email – contactus@tatacapital.com

  • Registered Branch – Centennial Square, 1st Floor, 6A Dr Ambedkar Salai, Kodambakkam, Chennai - 600024.

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Get Home Loan for Different Budgets

FAQ's on Housing Loan in Chennai

What is the minimum salary to avail of a home loan in Chennai?

To qualify for a Tata Capital home loan, salaried individuals need a minimum monthly income of ₹30,000.

How much is the downpayment on a home loan in Chennai?

The exact amount depends on factors such as the loan program, lender policies, and your financial profile.

Do I need to provide any security or collateral to apply for a home loan in Chennai?

Yes, you need to provide security or collateral.

How to Calculate EMI for Home Loan Online?

To calculate EMI for a home loan online, use Tata Capital's Home Loan EMI Calculator. Enter the loan amount, tenure, and interest rate to get an instant EMI estimate.

How long does it take to get a housing loan in Chennai?

The time to get a housing loan from Tata Capital typically depends on document verification and approval processes. With complete documentation and eligibility checks, loans can be approved quickly, often within a few days.

Can I prepay my home loan in Chennai? Are there any charges associated with it?

For floating interest rate loans, no prepayment charges apply. However, for fixed interest rate loans, nominal charges may be applicable.

Are there any additional charges for home loans in Chennai?

Yes, Tata Capital home loans may include additional charges such as processing fees, legal fees, valuation charges, and administrative costs. These charges vary based on the loan amount and terms.

How to get a home loan with a low cibil score in Chennai?

Improve credit, show stable income, offer collateral, get a guarantor, or opt for a higher interest rate.

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Looking for a bungalow or an apartment? With Tata Capital Home loans, find a dream home and make it your reality. Ab aapke sapnon ka ghar aapke naam! 

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