Home Loan in Chennai - 50% off on Processing Fees* | Hassle-free Application Process
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
Apply Now

Own Your Home in Chennai with Kotak Bank Home Loans

Chennai is among the best Indian cities to live in, thanks to its consistent development and increasing work opportunities. A home loan in Chennai can make it easy to buy a home in this beautiful city. Kotak Mahindra Bank provides a housing loan in Chennai with the best of deals.

Features and Benefits of Availing a Home Loan in Chennai

Before borrowing a housing loan in Chennai, it’s crucial to understand the important features of the deal. Kotak Mahindra Bank offers you a plethora of benefits on a home loan in Chennai:

  • Minimal processing fees on online applications
  • Attractive interest rates
  • Easy-to-apply
  • Extended home loan tenures up to 20 years
  • Minimal documentation
  • Fast loan approvals
  • Quick loan disbursement
  • No hidden charges or conditions
  • Insurance plan with attractive premium
  • Courteous door-step services
  • Pradhan Mantri Awas Yojana (PMAY) compliant

You can easily fulfill your dream of buying your own home in Chennai with these features of Kotak Mahindra Bank’s Home Loan in Chennai.

Home Loan Interest Rates in Chennai

A home loan in Chennai from Kotak Mahindra Bank comes with attractive interest rates. That helps in reducing your overall home loan EMI and makes your housing loan in Chennai an affordable one. The interest rate varies from applicant to applicant, depending on the nature of the applicant’s employment. Take a look:

Customer Type Effective Rate Of Interest

Floating Category (Repo Rate: 6.50%)

For Salaried

8.70% onwards

For Self-employed

8.75% onwards


For best home loan deals in Chennai, apply for a Home Loan from Kotak Mahindra Bank.

Eligibility Criteria for a Home Loan in Chennai

You can easily avail of a home loan in Chennai when you suit the lending bank’s eligibility criteria. Kotak Mahindra Bank’s housing loan in Chennai has these requirements:

Individual applicants:

  • Age

- For salaried applicants: 18 to 60 years

- For self-employed applicants: 18 to 65 years

  • Income

- For both salaried and self-employed applicants minimum gross income requirement is Rs. 20,000 per month

  • Education

- In case of applicants employed with private and partnership firms graduation is the minimum educational qualification required

- In case of applicants employed with public limited companies or MNC or government service there is no such requirement

Partnership Firm/LLP/Indian Company/Hindu Undivided Family

  • Minimum net income: Rs. 240,000 per annum
  • Should have existed for minimum 3 years

Documents Required for Getting a Home Loan in Chennai

Kotak Mahindra Bank has a simple documentation process for a home loan in Chennai. Here’s what you need to submit to borrow a housing loan in Chennai:

  • Residence proof (all applicants with relationship proof)
  • PAN Card copy (all applicants with relationship proof)
  • Aadhaar Card copy (all applicants with relationship proof)
  • One passport size photograph
  • Salary slip of 3 months
  • Form 16 or ITR of the last 3 years (2 years in case of Kotak Mahindra Bank Employee)
  • Bank statement of last 6 months (12 months in case of self-employed applicant)
  • Details of the existing loan (if any)
  • All property documents (chain) with sanction map
  • Proof of existence of partnership firm/ company/ HUF/ LLP in case of self-employed applicant

How to Apply for a Home Loan in Chennai?

Kotak Mahindra Bank’s application process to get a home loan in Chennai is easy. A housing loan in Chennai can also be availed via an online application. Here’s how:

  • Visit Kotak Mahindra Bank website
  • Navigate to Home Loan page
  • Click ‘Apply Now’
  • Fill the Application Form
  • Then click ‘Submit’
  • If you have provided all the necessary details, an executive will contact you for next steps

Apply Now for a home loan in Chennai

Frequently Asked Questions

What is the lowest possible interest rate for Home Loan in Chennai?

Kotak Mahindra Bank offers the lowest possible interest rate of 8.7% per annum for a home loan in Chennai.

You can use a Home Loan Calculator provided on Kotak Mahindra Bank’s official website to find out what will be the total amount to be repaid by you against the amount borrowed. 

How much maximum Housing Loan in Chennai can I get?

Your home loan repayment capacity as determined by Kotak Mahindra Bank decides the maximum amount you can borrow.

Repayment capacity depends upon factors such as your current income, age, qualifications, number of dependents, spouse's income, assets, other liabilities, credit score, stability, and continuity of occupation. In general, your loan amount can go up to 90% of your property value.

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

For a home loan in Chennai, the minimum salary requirement is Rs. 20,000.

However, it is important to understand that there are multiple factors that contribute to the borrower’s eligibility. So, before applying for a home loan in Chennai, do check whether you are eligible for a home loan.

What are the Documents Required for Getting a Home Loan in Chennai?

  • Application form with a duly signed photograph of the applicant
  • Bank details
  • Identity proof like PAN, Aadhaar, Driving license, Passport, Voter ID
  • Evidence of educational qualification/ proof of business existence
  • last 3 months’ salary slip (for salaried person)
  • Last 3 years’ balance sheet, and audited P/L statement (for self-employed person)
  • Last 3 years filed ITR
  • Relationship proof

What is the Eligibility Criteria for a Home Loan in Chennai?

  • The age of a salaried and self-employed applicant should be between 18 to 60 years and 18 and 65 years, respectively.
  • A salaried employee must have a minimum gross income of INR 20,000/- per month. A self-employed individual’s minimum net income should be INR 2,40,000/- p.a.
  • A private firm employee should have a bachelor’s degree+ 2 years of work experience

Why is Kotak the most preferred Home Loan lender in Chennai?

Kotak Mahindra Bank is the top choice for Home Loans in Chennai due to our competitive interest rates, hassle-free application process, and swift loan approval. Our commitment to serving the financial needs of the people of Chennai has made us a trusted name.

Branch Address:

Kotak Mahindra Bank Limited, 5th Floor, Samson Towers, No. 402 L Pantheon Road, Egmore, Chennai -600008

Disclaimer (Things you should know):

For loans: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.