Chennai: Financial products online marketplace, BankBazaar has stated that Chennai is the most aspirational city as the highest home loan in South India was for Rs 2.2 crore from Chennai. The highest home loan in India from a non-metro was from Coimbatore for Rs 1.25 crore.
The Moneymood 2019 report on emerging trends in the Indian personal finance sector indicates that the demand for unsecured credit in non-metros outpaced that of the metros in 2018, and this trend could continue in 2019 as well.
Other high-ticket home loans were from Erode (Rs 98 lakh). The three highest car loans for Tamilnadu were from Chennai (Rs 46.8 lakh), Tiruchirappalli (Rs 10.34 lakh), and Coimbatore (Rs 10.4 lakh). The highest personal loan from Tamilnadu was sourced by an applicant from Chennai for Rs 25 lakh.
Nationally, the highest home loan was for Rs 5 crore from Delhi. The highest car loan of Rs 49.85 lakh, and the highest personal loan ticket size of Rs 47.23 lakh was from Bangalore.