2 min
15 September 2025

Owning a house in Chennai can become a reality with a home loan designed to suit your needs. Bajaj Finserv offers convenient home loan options at affordable interest rates, making it easier to buy your dream property. With flexible repayment choices and simple eligibility requirements, getting financial support for your home purchase in Chennai has never been more straightforward.

Bajaj Finserv Home Loan in Chennai

Better known as the economic hub of South India, Chennai is an educational and cultural centre in the region. Chennai, formerly Madras, is home to several MNCs, IT companies, and the enigmatic Tamil film industry, and a third of India’s automobile industry too.

The city is also named the Detroit of India for its flourishing automobile industry. It is also a significant location for regional expatriates, which reached 1 lakh as of 2016. CII also ranked the city 4th in India on the attractiveness for investment scale. It has also seen rapid development in the last few years under the aegis of India’s Smart City Mission.

If you’re looking to settle down in the city and purchase a property, read on to know more. Bajaj Finserv makes residential property purchase convenient home loans at affordable interest rates starting 7.45%* p.a. Apply online with us for a home loan in Chennai and make the most of our many benefits.

Current home loan interest rates in Chennai

Bajaj Finserv offers home loan at low interest rate and nominal charges. Check our home loan interest rates and additional charges now to make an informed choice.

Applicant type

Home loan interest rates in Chennai

Salaried applicant

Starting at 7.45%* p.a

Self-employed applicant

Starting at 7.85%* p.a.


* Terms and conditions apply.

Features and benefits of a home loan in Chennai

Apply for a Bajaj Finserv Home Loan in Chennai and avail of a range of benefits alongside a competitive rate of interest and quick processing.

  • Interest rate starting 7.45%* p.a

    Interest rate starting 7.45%* p.a

    Bajaj Finserv offers competitive interest rates, with home loan EMIs starting as low as Rs. 684/lakh*.

  • Funding of up to Rs. 15 Crore*

    Funding of up to Rs. 15 Crore*

    Eligible applicants with a strong credit profile can avail of sizeable loan amount to purchase the property of their choice.

  • Repayment tenor of 32 years

    Repayment tenor of 32 years

    Choose a flexible repayment tenor to ensure your finances are not stretched too thin in the long term.

  • Top-up of up to Rs. 1 crore* or higher

    Top-up of up to Rs. 1 crore* or higher

    Avail of a home top-up loan for all your financial needs with the Bajaj Finserv Home Loan balance transfer.

  • Disbursal in 48 Hours*

    Disbursal in 48 Hours*

    The loan amount is credited shortly after the loan processing, approval, and finally, verification.

  • Online account management

    Online account management

    Customers can use of online portal to download statements and complete transactions.

  • Zero prepayment charges

    Zero prepayment and foreclosure charges*

    For individual and non-individual borrowers with floating interest rate loans and loan taken for non-business purposes, there will be no prepayment and foreclosure charges.

  • Customised repayment options

    Customised repayment options

    Enjoy a range of customized repayment options tailored to your needs.

  • External benchmark linked loans

    External benchmark linked loans

    Apply for home loans linked to external benchmarks, such as the repo rate, to make the most of current rate cuts.

  • Hassle-free processing

    Hassle-free processing

    Bajaj Finserv offers hassle-free home loans with simple eligibility criteria. The list of documents required for home loan is also minimal.

  • Interest subsidy under PMAY**

    Interest subsidy under PMAY**

    Applicants eligible under the PMAY scheme can avail of an interest subsidy when applying for a home loan with Bajaj Finserv.

Eligibility criteria for getting a home loan in Chennai

Use a home loan eligibility calculator to check the amount for which you’re eligible. Thereafter use a home loan EMI calculator to determine the loan amount and tenor you are comfortable with.

Here are the eligibility criteria you need to fulfil to get funds:

Criteria

Description

Nationality

Indian (resident)

Age***

23 years to 67 years (salaried)

23 years to 70 years (self-employed)

Work experience

3 years (salaried)

5 years of vintage with the current enterprise (self-employed)

Minimum monthly income

Rs. 30,000 to Rs. 50,000, depending on the city of residence and age (salaried)

Rs. 30,000 to Rs. 40,000, depending on the city of residence and age (self-employed)


***The upper age limit is considered as age at the time of loan maturity

Check your maximum loan eligibility with the help of Bajaj Finserv Home Loan eligibility calculator. Accordingly, apply with the necessary documents online for hassle-free loan processing.

Classification of self employed

Category

Eligibility criteria

Minimum salary (for salaried applicants)

To apply for a home loan in Chennai, an individual who is in salaried employment must have a steady monthly income. The minimum earning required is Rs. 10,000 per month. This ensures that the applicant has a consistent financial inflow and the capacity to manage regular loan repayments without difficulty.

Minimum business income (for self-employed applicants)

For individuals running their own business or working as professionals, the minimum income requirement is Rs. 2,00,000 per year. This annual threshold confirms the borrower’s financial stability and helps lenders evaluate repayment ability effectively.


Documents required for getting a home loan in Chennai

When you apply for a home loan in Chennai, you must provide certain papers that confirm your personal details, earnings, and property-related ownership. These documents help the lender check your eligibility and process your loan quickly. Here is a list of the most common documents you should keep handy:

  • KYC documents such as Aadhaar card, PAN card or Form 60, voter ID, passport, driving licence, or utility bills, serving as proof of identity and address.

  • Proof of income: Salaried applicants are usually required to submit the last three months’ salary slips, while self-employed individuals should provide valid business registration or trade-related proof.

  • Bank account details: Recent bank statements for the last six months are typically needed, along with income tax returns for salaried employees or profit and loss statements for business owners.

  • Property-related documents, including Title Deed, Property Tax Receipts, and the Allotment or Sale Agreement.

Photographs: Passport-size photos of the applicant.

Note: Additional documents may be requested during processing, depending on your profile and loan type.

Home loan in different cities

Home Loan in Khandwa

Home Loan in Khargone

Home Loan in Kotputli

Home Loan in Mandsaur

Home Loan in Palanpur

Home Loan in Raipur

Home Loan in Udaipur

Home Loan in Bhilwara

 

Popular calculators for your financial calculations

Income Tax Calculator

Home Loan Tax Benefit Calculator

Stamp Duty Calculator

Home Loan Prepayment Calculato


Home loan options for different budgets

Rs. 30 Lakh Home Loan

Rs. 20 Lakh Home Loan

Rs. 40 Lakh Home Loan

Rs. 60 Lakh Home Loan

Rs. 50 Lakh Home Loan

Rs. 15 Lakh Home Loan

Rs. 25 Lakh Home Loan

Rs. 1 Crore Lakh Home Loan

Rs. 10 Lakh Home Loan


Important links: What is Home Loan | Home Loan Eligibility Criteria | Documents Required for Home Loan | Home Loan Balance Transfer | Joint Home Loan | Home Loan Tax Benefits | Home Loan Subsidy | Housing Loan Top Up | Rural Home Loans | Home Loan Process | Down Payment for Home Loan | Pre-approved Home Loan | Rural Home Loan | Home Loan Tenure

Frequently asked questions

How to get a low interest rate home loan in Hyderabad?

Your home loan interest rate depends on various factors including your credit score, age criteria, your profession, loan term and other eligibility factors applicable as per your lender.

How to get a loan for a house in Hyderabad?

You can apply for a home loan from Bajaj Finance online and avail of benefits like low interest rate, better loan terms, and more.

What will be the EMI for Rs. 40 lakh home loan?

Your home loan EMI depends on various factors including your interest rate, tenure, and loan amount. To determine your EMI for a home loan of Rs. 40 lakh, you can check our EMI calculator.

What is the lowest possible interest rate for home loan in Chennai?

Bajaj Finserv offers home loans in Chennai with interest rates starting from around 7.45%* p.a for salaried applicants. The actual rate depends on factors like income level, employment category, credit profile, and property details. Check your loan offers now by entering your mobile number and verifying it with an OTP.

How much maximum housing loan in Chennai can I get?

With Bajaj Finserv, eligible applicants in Chennai can avail home loans of up to Rs. 15 Crore*. In certain cases, higher amounts may also be approved based on income, property valuation, and repayment capacity. The minimum loan amount usually begins at Rs. 4 lakh, ensuring financing options for both modest and large-scale housing needs.

What is the minimum salary required for a home loan in Chennai?

For salaried professionals in Chennai, Bajaj Finserv generally requires a monthly salary of at least Rs. 30,000 to qualify for a home loan. The exact income criteria can differ depending on the applicant’s employer type, overall profile, and other eligibility factors

What are the documents required for getting a home loan in Chennai?

To apply for a home loan in Chennai through Bajaj Finserv, you need to provide documents like: Aadhaar card/PAN card, voter ID, or passport for identity and address proof; salary slips or business income proofs; recent bank statements; property-related papers such as sale agreement and title deed; and passport-size photos. Depending on your profile, additional documents may also be requested.

What are the eligibility criteria for a home loan in Chennai?

Bajaj Finserv home loan eligibility in Chennai typically requires applicants to be salaried or self-employed, between 23 and 67 years of age, with a steady income and reliable repayment capacity. A healthy credit score, stable employment record or business track, and the required documents are also essential. Check your eligibility now by entering your mobile number and verifying with an OTP.

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