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Home Loan Chennai
Home Loan inChennai

Own a House in Chennai with Grihashakti Home Loans

Chennai city offers everything that one needs. It boasts of culture, temples, white-sand beaches, an economic hub, tourists, and mouth-watering food. The list is endless. Chennai boasts of beautiful homes, sea facing homes, architectural homes, and much more. Having a beautiful home is a dream that is the closest to our hearts. We at Grihashakti would be honored to be your home loan provider in Chennai to support you in achieving this dream.

Fullerton Grihashakti Housing Loan has many useful features:

1) Speedy processing:

At Grihashakti, we strive to process your loans at a quick speed. Once we receive all your documents, which are then successfully verified along with property evaluation, the processing is done within 72 hours, subject to approval.

2) Affordable EMIs:

The home loan interest rates offered are affordable with flexible repayment tenures of up to 30 years, thereby enabling affordable EMIs.

3) Simple home loan documentation:

Before applying for a home loan, it is advisable to keep your home loan documents scanned and ready for uploading. Here is the basic documentation list:

Salaried
Proof Of Identity
  • PAN Card
  • Voters ID
  • Driving License
  • Employee Card
Proof Of Income
  • Last 3 months’ salary slips
  • 2 years’ Form 16
  • 6 months’ bank statement with salary credit
Proof of Residence
  • Aadhaar Card*
  • Latest Electricity bill/Piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill
Self Employed
Proof Of Identity
  • PAN Card
  • Voters ID
  • Driving License
  •  
Proof Of Income
  • Last 2 years’ ITR with computation
  • CA audited Financial wherever applicable
  • 6 months primary bank statement
Proof of Residence
  • Aadhaar Card*
  • Latest Electricity bill/Piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill

Documents pertaining to the property you wish to purchase will also be requested, and must be in order. Additional documents may be requested depending on the applicant’s profile and Grihashakti’s policy at the time of loan application.

*Terms and conditions applicable. Loans are sanctioned at the discretion of Fullerton Grihashakti. Please note that Aadhaar numbers should be masked before submission as per regulatory guidelines.

4) Simple eligibility criteria:

You can apply for a Grihashakti home loan in Chennai as a salaried or a self-employed individual. As a salaried individual, you can be employed with various types of companies, partnerships, or proprietorship firms, with a minimum work experience of at least 1 year, and a minimum salary of INR 1,20,000 per annum.

You can also apply as a self-employed professional as a proprietor, doctor, architect, or CA, or partnership firms or private limited companies. Your yearly profit after tax must be as per the minimum threshold amount.

You must have a CIBIL score of at least 700, with a good credit history.

5) Online application at your convenience:

Grihashakti presents an extremely easy online application procedure. If you choose to apply online, then you have to click on the ‘Apply Now’ button and fill up the application. Upload your documents and submit. We will get in touch with you to discuss your requirements and take the process ahead. . If you decide to apply offline, then you can visit your nearest Grihashakti branch.

6) Home loan calculators

Fullerton Grihashakti offers the following home loan calculators

1) Home loan eligibility calculator
2) Home loan EMI calculator.

These calculators immensely help you in planning your future. A Home loan eligibility calculator lets you estimate the maximum loan amount that you could be eligible for, whereas, the home loan EMI calculator gives you your monthly outflow. You can get these details after entering basic details.

FAQ's

What is a home loan?

A home loan is a lump sum amount offered by a lender to those who wish to purchase a residential property. Such a loan would have a specific tenure and interest rate. Depending on the loan amount, specific tenure and interest rate, the borrower would have to repay the home loan through EMIs.

How much home loan can I get?

With Grihashakti, you can take a home loan up to 90% of the property value. You can get an estimate of the maximum loan amount you may get through our home loan eligibility calculator.

How do I repay a home loan?
  1. You can repay it by paying monthly EMIs in the following ways: Auto-debit / ECS facility
  2. Post dated cheques submitted at branch
  3. Online payment via the website
How can I apply for a home loan?
Once you identify your property, you can apply online with ease on our website. Alternatively, you can visit any of our branches in Chennai.

Fullerton India Home Finance Company Ltd
CIN number: U65922TN2010PLC076972
IRDAI COR No: CA0492

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