Determining which bank is best for home loan in Chennai, hinges on comparing interest rates, processing fees, customer service, loan tenure flexibility, and repayment options. I have shared a comparison of the 3 best Banks in Chennai: SBI, HDFC, and ICICI, for you to choose amongst them.
SBI, India’s largest mortgage lender, offers floating interest rates starting at 7.50% p.a., depending on credit score and profile. Their low processing fee of 0.35% and rich network across Chennai ensure ease of service.
HDFC Bank is known for competitive home finance rates starting from 7.90% p.a. with tenures up to 30 years and flexible repayment options. Plus, recent RBI-linked marginal cost of funds rate (MCLR) cuts by 10 to 15 bps have slightly lowered borrowing costs.
ICICI Bank also competes strongly with interest rates from 8.00% p.a., subject to borrower profile and credit score.
You should also review processing fees SBI charges 0.35%, HDFC up to 0.50%, and ICICI around 0.50 to 2% plus evaluate prepayment or foreclosure charges, customer support quality, and eligibility calculators provided on official sites. Based on this comparison, you can choose the best option for you.
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Which Bank is Best for Home Loan in Chennai?
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2025-07-18T09:52:45+00:00 2025-07-31T15:06:44+00:00Comment
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