BanksBanks with Best

Offers in Chennai

Real estate in ChennaiReal estate in Chennai is unarguably one of the most prolific industry

in the world. The growth of the city is stupendous in all sorts of Real

estate departments right from commercial space to land (couldn't resist

to include villas and luxury flats for sale in Chennai) with numerous

multinational builders in Chennai being the obvious evidence.

However, luxury villas and flats for sale in Chennai seems to be

available only for NRI(Non Resident Indian)s. It is hard for the natives

of the city or someone with an average salary of 2.5 lacs per

annum(life partner's income excluded) to buy such properties.

This is where Banks come into action to let their dreams come

true. Yes, it is Home loans offered by Banks.

So here is a presentation of the authorized banks in Chennai with best

Home loan packages.

SBI Home Loan

Interest Rate: 10.10%(for women), 10.15%

EMI/Lac: Rs.972(for women), Rs.975

Processing Fee: <25 lacs: 0.25% minimum Rs.1000

25-75 lacs: Rs.3250

75 lacs +: Rs.5000

HDFC Home Loan

Interest Rate: 10.25%

EMI/Lac: Rs.982

Processing Fee: 0.5% or maximum Rs.10,000 + service tax(12.36%)

LIC Housing Finance

Interest Rate: 10.20%(2 yrs); 11.25% (10 yrs); 12.25%

EMI/Lac: Rs.982; Rs.1049; Rs.1119

Processing Fee: <50 lacs: Rs.10,000 +(Service tax)

50 lacs +: Rs.15,000 +(service tax)

Axis Bank Home Loan

Interest Rate: <25 lacs 10.25%, then 10.50%

EMI/Lac: <25 lacs: Rs.982, then Rs.998

Processing Fee: 0.5% of the loan amount

(Max Rs.10,000 + service tax for Salaried)

ICICI Home Loan

Interest Rate: <25 lacs 10.10%(for female), 10.15%

then 10.25%

EMI/Lac: <25 lacs Rs.972(for female), Rs.975

then Rs.982

Processing Fee: <1 crore 0.5 % of loan amount

Bank of Baroda Home Loan

Interest Rate: 10.25%

EMI/Lac: Rs.982

Processing Fee: <30 lacs 0.50% (Min: Rs.5000),

0.40% (Min: Rs. 15,000; Max: Rs.50,000)

India Bulls Home Loan

Interest Rate: <25 lacs 10.25%, then 11%

EMI/Lac: <25 lacs Rs.982, then Rs.1032

Processing Fee: <30 lacs Rs.7500 + 12.36%; 0.5%

IDBI Home Loan

Interest Rate: 10.25%

EMI/Lac: Rs.982

Processing Fee: -

Canara Bank Home Loan

Interest Rate: 10.20%

EMI/Lac: Rs.978

Processing Fee: -

Bank of India Home Loan

Interest Rate: 10.20%

EMI/Lac: Rs.978

Processing Fee: -

Union Bank Home Loan

Interest Rate: 10.25%

EMI/Lac: Rs.982

Processing Fee: 75 lacs +: 0.25 % Max: Rs.7500

First Blue Home Finance

Interest Rate: <25 lacs 10.25% (for Salaried / SEP),

10.75% (For Self Employed);

then 10.75%, 11.25% respectively

EMI/Lac: Rs.982 (for Salaried / SEP),

Rs.1015 (For Self Employed)

Processing Fee: Salaried: <30 lacs: Rs.7300

30 - 75 lacs: Rs.11,800

75 lacs +: Rs.15,000 + service tax(12.36%)

Whatever the offer maybe, it is quite tough to go with villas and

luxury apartments for sale in Chennai which are sold at a cost of 50+

lacs. We Sumangali Homes, a small part of the monumental

Real estate in Chennai as a reputed builders, provide you

apartments for sale in Chennai, affordable at your budget or the loan

offered. Our apartments are affordable only in terms of cost and would

blow your mind with the design, construction and amenities.

www.sumangalihomes.in