Bajaj Finserv in your city

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 8.30%*. Apply online with us for a home loan in Chennai and make the most of our many benefits.

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 %$$HL-SAL-ROI$$%

    Interest rate starting 8.30%*

    Bajaj Finserv offers competitive interest rates, with home loan EMIs starting as low as Rs. 755/Lakh*.

  • Funding of %$$HL-max-loan-amount$$%

    Funding of Rs. 5 Crore*

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

  • Repayment tenor of %$$HL-Tenor$$%

    Repayment tenor of 30 years

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

  • Top-up of %$$HLBT-max-loan-amount-HLBT$$%

    Top-up of Rs. 1 Crore*

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

  • Disbursal in %$$HL-Disbursal-TAT$$%

    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 and foreclosure charges

    Zero prepayment and foreclosure charges

    We levy no prepayment of foreclosure charges for individuals with floating interest rate home loans.

  • 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.

Home loan eligibility criteria

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 to 62 years (salaried)

25 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.

Home loan interest rate, fees, and charges

Repay your home loan affordably with competitive housing loan interest rate and other nominal charges laid down by Bajaj Finserv. Make sure to check all the applicable rates on your home loan in Chennai before applying for a suitable estimation of your repayment liability.