Compare Home Loan rates in Madurai, 2026.
Reviewed by Jay Patel· Last reviewed:
Madurai, the cultural heart of Tamil Nadu, is the second-largest city in the state with strong demand from the textile, tourism, and IT sectors. Anna Nagar and Bypass Road host the bulk of premium gated communities.
Published home loan rate information for Madurai, Tamil Nadu starts from 7.15% per annum (rates as of September 2026). Loan amount, tenure, eligibility, pricing and approval depend on lender policy and applicant details.
Compare Home Loan options in Madurai
Review the available rate information for Madurai; lender pricing and eligibility vary by applicant and property.
Published/Indicative Rates
Compare the lender rate entries shown for home loan; final pricing depends on lender policy and your details.
Areas in Madurai
Localities in our Madurai reference data include Anna Nagar, KK Nagar, Tirupparankundram, Bypass Road.
Review Terms Carefully
Check lender pricing, processing fees and any advisory terms before proceeding.
Lender Processing Timeline
Processing times vary by lender, application details, documents and verification.
Home Loan Rates in Madurai — Published/Indicative Comparison
Rates as of September 2026. Figures are published or indicative and can change; confirm current terms with the lender.
| Bank | Rate (p.a.) | Key Feature |
|---|---|---|
| Canara | 7.15% – 10%Lowest shown | Canara Home Loan scheme |
| Union | 7.15% – 9.6%Lowest shown | Union Home scheme |
| LIC | 7.15% – 10.15%Lowest shown | Griha Prakash scheme |
| BoB | 7.2% – 9.25% | Baroda Home Loan scheme |
| SBI | 7.25% – 8.45% | No prepayment charges on floating |
| PNB | 7.25% – 9.2% | PNB Housing scheme |
| Bajaj | 7.25% – 9.5% | Flexi home loan (OD feature) |
| Bandhan | 7.4% – 12.2% | Affordable housing focus |
| Tata | 7.5% – 9.5% | Tata brand trust |
| ICICI | 7.55% – 9.8% | iMobile eligibility check |
| Kotak | 7.6% – 9.4% | 811 Dream Home Loan |
| HDFC | 7.75% – 13.2% | Digital application process |
| Axis | 8.2% – 9.15% | Power advantage for high-value loans |
| Federal | 8.4% – 9.45% | NRI home loan specialist |
| IDFC | 8.85% – 10.25% | Digital-first processing |
Updated September 2026: published home loan rate entries for Madurai are shown from 7.15% per annum. Actual rate, eligibility and approval depend on lender policy, applicant profile, loan amount and property location.
Home Loan Eligibility in Madurai
General eligibility criteria for home loan applicants in Madurai, Tamil Nadu.
Salaried Applicants
- Age: 21 – 65 years
- Min Income: Rs 25,000/month
- Work Experience: 2 years
- CIBIL Score: 700+
- Property in Madurai or Tamil Nadu
Self-Employed Applicants
- Age: 21 – 70 years
- Min Income: Rs 3 Lakhs/year ITR
- Business Vintage: 3 years
- CIBIL Score: 700+
- Business registered in India
How a Home Loan application may progress in Madurai
Typical steps run from application to disbursal; lender approval and disbursal decisions remain with the lender.
Share Your Requirements
Share your Home Loan needs in Madurai — amount, tenure preference, and property details. An advisor can review the information provided, while lender assessment timing and decisions vary.
Compare Available Lender Information
Review available lender information in Madurai in a side-by-side comparison of indicative rate, EMI, processing fee, and total interest. Confirm current lender documents before applying.
Compare Lender Terms
Compare lender terms in Madurai based on rate, tenure flexibility, fees, and service information. The lender controls the final offer and decision.
Documentation & Filing
Use the lender's current checklist to compile documents in Madurai. Submit the application through the channel the lender confirms and retain copies of everything provided.
Lender Sanction & Disbursal
Sanction and disbursal timing in Madurai are controlled by the lender and may vary with underwriting, property checks, and documentation. Confirm current lender timelines and disbursal conditions.
Documents Required for Home Loan in Madurai
Keep these documents ready to speed up your home loan application in Madurai.
For Salaried Applicants
- 1PAN Card & Aadhaar Card
- 2Last 6 months salary slips
- 3Last 2 years Form 16 / ITR
- 4Last 6 months bank statements
- 5Property documents (Agreement, Title deed)
- 6Passport-size photographs
- 7Address proof (utility bill / rent agreement)
For Self-Employed Applicants
- 1PAN Card & Aadhaar Card
- 2Last 3 years ITR with computation
- 3Last 3 years audited balance sheet & P&L
- 4Last 12 months bank statements (all accounts)
- 5Property documents (Agreement, Title deed)
- 6Business registration (GST, Udyam, Shop Act)
- 7Passport-size photographs
Home Loan in Madurai — Frequently Asked Questions
Common questions about home loan in Madurai, Tamil Nadu.
What are the current Home Loan rates in Madurai in 2026?
Which bank offers the lowest Home Loan rate in Madurai?
How much Home Loan can I get in Madurai?
What documents are needed for a Home Loan in Madurai?
How long does Home Loan processing take in Madurai?
Other Loan Products in Madurai
Explore more loan options available in Madurai through Money Matrix Hub.
Areas listed for Home Loan in Madurai
Localities included in the Madurai reference data.
Home Loan in Other Cities
Compare home loan rates and apply in 50+ cities across India.
Want to compare your rate with published lender information?
Send your details on WhatsApp for a lender-rate comparison. Response time and next steps vary by enquiry and lender.