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Securing a property in Madurai requires a lender with strong local presence. Bank of Baroda offers tailored home loan solutions with interest rates starting at 8.4%, covering key residential hubs including Anna Nagar, KK Nagar, Byepass Road, TVS Nagar, Vakkil New Street. Properties approved by DTCP / LPA often get faster sanctioning.
Avg. 2BHK Cost (1000 sqft)
₹42,50,000
Based on avg rate: ₹3,000 - ₹5,500/sqft
Est. EMI with Bank of Baroda
₹29,291
@ 8.4% for 20 Years (80% Loan)
₹3,000 - ₹5,500
Per square foot in Madurai
DTCP / LPA
Primary planning body for approvals
When applying for a loan at Bank of Baroda for a property in Madurai, you must adhere to TNRERA norms. Ensure you have these documents:
| Lender | Interest Rate | Network |
|---|---|---|
| Bank of Baroda | 8.4% Onwards | Pan-Madurai |
| SBI | 8.5% Onwards | Available |
| Punjab National Bank | 8.4% Onwards | Available |
| Canara Bank | 8.65% Onwards | Available |
| Bank of India | 8.65% Onwards | Available |
Disclaimer: Rates shown are indicative and for educational purposes only. Actual interest rates and terms may vary based on bank policy, RBI guidelines, and individual customer credit profiles.
Our analysis is built on deep-dive research into RBI Benchmarks and lender-specific disclosures. We verify every interest rate and fee structure against real-world borrower approvals to ensure the highest level of accuracy for Indian home buyers.