Home loan rates for Chennai buyers start at 7.40% p.a. (Bank of Baroda, Canara Bank, Union Bank of India), per the banks' official rate cards in October 2026. SBI starts at 7.50%, HDFC Bank and Axis Bank at 8.00%. The RBI repo rate is 5.50% after the 25 bps hike on 7 October 2026, and banks have passed it through to new floating-rate loans. Ambak has an office in Nungambakkam.
| Office | Address | Hours |
|---|---|---|
| Ambak, Chennai | Workafella Business Centre-10, Uttamar Gandhi Salai, Nungambakkam High Rd, Chennai, Tamil Nadu 600034 | — |
Phone: +91 80580 58009 · Email: support@ambak.com
Banks price home loans nationally, so these rates apply in Chennai as elsewhere. The rate you are offered depends on CIBIL score, income type (salaried or self-employed) and loan amount.
| Lender | Interest rate (p.a.) | EMI per ₹1 lakh, 20 years, at starting rate | Effective |
|---|---|---|---|
| Bank of Baroda | 7.40% – 9.15% | ₹799 | 8 Oct 2026 |
| Canara Bank | 7.40% – 10.25% | ₹799 | 9 Oct 2026 |
| Union Bank of India | 7.40% – 9.60% | ₹799 | 8 Oct 2026 |
| Central Bank of India | 7.45% – 9.00% | ₹803 | 8 Oct 2026 |
| Punjab National Bank | 7.45% – 9.35% | ₹803 | 8 Oct 2026 (festive rate till 31 Dec 2026) |
| State Bank of India | from 7.50% | ₹806 | 15 Oct 2026 |
| Kotak Mahindra Bank | from 7.60% | ₹812 | — |
| Axis Bank | 8.00% – 9.10% | ₹836 | — |
| HDFC Bank | 8.00% – 13.45% | ₹836 | — |
| ICICI Bank | 8.75% – 9.90% | ₹884 | 8 Oct 2026, valid till 31 Oct 2026 |
Source: each bank's official rate page, checked 26 Oct 2026. Most banks revised rates after the 7 October repo hike.
| Loan amount | 20 years at 7.40% | 30 years at 7.40% | 20 years at 8.50% |
|---|---|---|---|
| ₹30 lakh | ₹23,985 | ₹20,771 | ₹26,035 |
| ₹50 lakh | ₹39,974 | ₹34,619 | ₹43,391 |
| ₹75 lakh | ₹59,962 | ₹51,928 | ₹65,087 |
| ₹1 crore | ₹79,949 | ₹69,238 | ₹86,782 |
| ₹1.5 crore | ₹1,19,923 | ₹1,03,857 | ₹1,30,173 |
7.40% is the lowest official starting rate among large banks; 8.50% shows a typical rate for a lower CIBIL score or self-employed income.
| Item | Rate |
|---|---|
| Stamp duty | 7% |
| Registration fee | 4% |
| Registration fee, woman sole owner, property up to ₹10 lakh | 3% |
Charged on the higher of the sale price and the guideline value. Confirm on tnreginet.gov.in. Lenders do not fund stamp duty or registration; pay these from your own funds.
| Condition | Limit |
|---|---|
| Household income | Up to ₹9 lakh a year (EWS up to ₹3 lakh, LIG ₹3–6 lakh, MIG ₹6–9 lakh) |
| Property value | Up to ₹35 lakh |
| Loan amount | Up to ₹25 lakh |
| Subsidy | 4% on the first ₹8 lakh of the loan, for up to 12 years |
| Maximum subsidy | ₹1.80 lakh, paid in 5 yearly instalments to the loan account |
Source: PMAY-U 2.0 Interest Subsidy Scheme, Government of India. First-time buyers only; the household must not own a pucca house anywhere in India.
| Lender | Branch | Address |
|---|---|---|
| State Bank of India | SBI RACPC Chennai | 1st floor, No16, Whannels Road, Express Estate, Egmore, Chennai, Tamil Nadu 600002 |
| HDFC Bank | HDFC Bank Home Loan Branch - Chennai (Anna Salai) | 1st Floor, Itc Centre, 760, Anna Salai, Chennai, Tamil Nadu 600002 |
| ICICI Home Finance | ICICI Home Finance - T. Nagar | No.3 3rd floor, Office portion bearing, 20, Sir Thyagaraya Rd, T. Nagar, Chennai, Tamil Nadu 600017 |
| Axis Bank | Axis Bank Loan Centre | 2nd Floor, Centennial Square, 6A, Dr Ambedkar Rd, opposite to Kodambakkam, Murugesan Nagar, Kodambakkam, Chennai, Tamil Nadu 600024 |
| Bank of Baroda | Bank of Baroda Mount Road Branch | No 2246, 150-A Pb, Mount Rd, Mount Road, Chintadripet, Chennai, Tamil Nadu 600002 |
| Punjab National Bank | Punjab National Bank | No 69, 1st Floor Raja Muthaiah Road, Street Number 1, opposite Nehru Stadium Gate, Periamet, Chennai, Tamil Nadu 600003 |
| Kotak Mahindra Bank | Kotak Mahindra Bank | Door No.40, Ceebros Lotus, Red Cross Rd, Egmore, Chennai, Tamil Nadu 600008 |
| LIC Housing Finance | LIC Housing Finance Ltd | floor no.30, HARRINGTON CHAMBERS, BLOCK C, II, 1A, Abdul Razzack 1st St, Saidapet, Chennai, Tamil Nadu 600015 |
| PNB Housing Finance | PNB Housing Finance Limited | E, 1st floor, 22/1, Jawaharlal Nehru Salai, Sri Sakthi Nagar, Balavinayagar Nagar, Chennai, Tamil Nadu 600106 |
| Bajaj Housing Finance | Bajaj Housing Finance Limited - Home Loan, Loan Against Property | 5th Floor, Unit No. 508, Delta Wing, RAHEJA TOWERS, 177, Anna Salai, Chennai, Tamil Nadu 600002 |
Addresses from the lenders' Google Business listings, checked 26 Oct 2026.
Competitive interest rates
Flexible EMI options
Home Top-up loan facility
Online application and quick approval
Specialized Home Loan Centres
Wide branch network in Chennai
Typically 7 to 15 working days for loan processing and approval
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
SBI Realty for Plot Purchase
Top-up Loan
SBI Chennai Main Branch
SBI T Nagar Branch
SBI Anna Nagar Branch
SBI Adyar Branch
attractive interest rates starting from 7.90% p.a.
Customized repayment options
easy documentation
End-to-end digital loan application process
flexible EMI plans up to 30 years
special Trufixed loans with fixed interest for a period
Typically quick approval with minimal documentation; exact time varies but digital process expedites sanctioning
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan
Chennai Egmore Branch
Chennai T Nagar Branch
Chennai Anna Nagar Branch
Chennai Adyar Branch
