For purchasing our new apartment, I was planning to take a home loan but I wasn’t sure which bank to choose. My cousin works at a bank and to know about the best home loan bank in Tamil Nadu, I called him. He told me to choose a bank that provides home loans at low interest rates. Following that, he provided me with a list of some of the banks in Tamil Nadu.
Which is the Best Housing Loan Bank in Tamil Nadu?
I have added the list that my cousin provided me below.
Name of Bank |
Rate of Interest |
State Bank of India |
8.50 - 9.85 |
ICICI Bank |
8.75 onwards |
Punjab National Bank |
8.45 - 10.25 |
Bank of Baroda |
8.40 - 10.65 |
Union Bank of India |
8.35 - 10.75 |
IDFC First Bank |
8.85 onwards |
Federal Bank |
8.80 onwards |
After going through the list he provided, I decided to go with the State Bank of India. I also liked the repayment plans that were put in place for me. I hope this answers your query about which bank is best for housing loan in Tamil Nadu.
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I recently availed home loan in Chennai. According to me the best home loan Bank in Tamil Nadu is HDFC Bank. Out of a few banks, I found HDFC offering the most lucrative home loan offers along with a wide range of home loan products and an attractive interest rate.
Which is the Best Housing Loan Bank in Tamil Nadu?
To opt for the best bank for home loan in Tamil Nadu, I did comparative research based on the interest rates offered by 3 major banks; HDFC, TATA Capital, and Kotak Mahindra Bank. Let me share the comparison table with you;
| Bank | Home loan ROI |
HDFC |
8.50% p.a. |
Kotak Mahindra Bank |
8.70% onwards |
TATA CapitaL |
8.70% |
From this table, I decided to opt for HDFC Bank because of its low interest rate that can reduce the cost of the home loan. I also liked their repayment plans that were tailored to my requirements.
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Authors Of The Question
Which Bank is Best for Home Loan in Tamilnadu?
Nagarjuna
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1 Year
2024-01-30T11:43:47+00:00 2024-01-30T11:44:02+00:00Comment
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