A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 42 Mumbai Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.6% - 8.95% Floating
    Up to 0.5% (min. ₹5,900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 8.85% Floating
    0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.70% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.40% - 10.05% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 9.25% Floating
    0.50% (min. ₹10,000) + applicable tax
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    8.35% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.25% Floating
    0 One time fee
    40L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + applicable tax One time fee
    20L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.67% Floating
    1% One time fee
    5L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.6% - 8.95% FIXED:3 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5,900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Value Adds
    8.6% - 8.95% FIXED:5 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5,900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.0% - 9.25% FIXED:10 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5,900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
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  • Mumbai Home Loan is Rated as "Great!" by 3000 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Mumbai Home Loan

    Mumbai a cosmopolitan metropolis, earlier known as Bombay, is the largest city in India and the capital of Maharashtra state. Mumbai was originally a conglomeration of seven islands on the Konkan coastline which over time were joined to form the island city of Bombay.Mumbai is undoubtedly the commercial capital of India and is one of the predominant port cities in the country.

    Home loans, also known as mortgages, use the borrower's home for collateral. This home can be a single-family house up to a four-unit property, as well as a cooperative unit. Lenders fund home loans, but both the lenders themselves and brokers who act on behalf of the lenders originate, or process, them.


    You’re probably eligible for an Mumbai Home Loan if you are

    01
    02
    03
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    Mumbai Home Loan Minimum Age

    At least 21 years old

     Mumbai Home Loan Maximum Age

    Less than 65 years old

    Mumbai Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Mumbai Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Mumbai Home Loan amount eligibility is based on these factors

    01
    02
    03
    Mumbai Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Mumbai Home Loan Maximum Loan to property value

    Loan capped @ 75% - 85% on property value

    Mumbai Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Mumbai Home Loan amount by these steps

    01
    02
    03
    Mumbai Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Mumbai Home Loan Maximum Tenure

    Choose longer tenure loan up to 20 - 30 years

    Mumbai Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Mumbai Home Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Processing fee cheque
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Mumbai Home Loan Interest RatesUpdated on 21 Oct 2017

    Mumbai Home Loan Details
    Interest Rate (Monthly reducing balance) 10% - 10.5%
    Processing Fees 0.50% of Loan
    Loan Tenure 1 year to 20 - 30 years
    Partial pre-payment Charges Nil
    Pre-closure Charges Nil

    News about Mumbai Home Loan

    • JM Financial Limited acquires stake in India Home Loan Limited

      JM Financial Limited, which was founded by Nimesh Kampani announced that it will be acquiring a 24.5% stake in India Home Loan Limited on a secondary/preferred allotment basis. JM Financial Products Limited a subsidiary of JM Financial Limited will transfer the entire equity stake in India Home Loan Limited to a fund which will be managed by JM Financial Investment Managers Limited. Mumbai-based India Home Loan Limited is known for providing home loans to families and individuals for affordable housing.

      16th December 2016

    Mumbai Home Loan Reviews

    • Bank Bazaar Home Loan
      "Good financial advisor"
      0.5 4.0/5 "Great!"
      Bank bazaar is a great resource for the customer. I have been using the website for quite long years,felt the service was excellent and will continue to use forever.keep it up, let the service for many years. I am a happy user of bank bazaar as always.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • ICICI Bank Home Loan
      "Great responsiveness"
      0.5 5.0/5 "Blown Away!"
      I had applied for home loan form ICICI bank for amount of 30 lakhs at the interest of 8.35% its similar to other banks don't feel its low as compared to other banks.they took almost 2-3 months to complete the process they should speed up the work.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • Bank Bazaar Home Loan
      "One stop solution"
      0.5 5.0/5 "Blown Away!"
      Only one website which is offering lot of banking information, with a good financial solution and webpage is very convenient to use. The portal is also very userfriendly to navigate. I appreciate the Service part is very good, they were getting good response from your end for my loan request.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • HDFC Limited Home Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      I don't have any concern about the HDFC Ltd on home loan. Unfortunately I have postponed the plan because of the personal reason. Hence I didn't avail loan from HDFC Ltd, but they acknowledge my request on time with the better interest rate..
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2017
    • DHFL Home Loan
      "Looking for better service and better loan experience"
      0.5 5.0/5 "Blown Away!"
      DHFL gave me regular follow up on home loan process.They have done everything on time. But they charged very high interest rate, they took 9.9% for the loan amount of Rs. 24 lakhs for the tenure of 30 years. It would be great, if they reduce the interest rate as per RBI guideline.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • Bank Bazaar Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar customer support helped me to get in touch with the bank partner. I know bank bazaar for long time but I haven;t used it so far. The website of bank bazaar is easy to use and user friendly. I am happy and satisfied with the bank bazaar service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • ICICI Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The Home loan service is good with ICICI bank. They have disbursed my loan amount within 15days of time. The customer support was good with ICICI bank, they gave prompt response in regards to my home loan. The rate of interest and the processing fee is nominal wit ICICI bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • HDFC Limited Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am very much satisfied with HDFC Limited home loan, because they have offered me very affordable interest rate, which is lower in the market the tenure of 15 years even their processing fee is good. . Overall I am very fine with HDFC Limited
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • Bank Bazaar Home Loan
      "Easy to access"
      0.5 4.0/5 "Great!"
      My service with Bank Bazaar was good. First time I tried this website through internet. The customer service and response was up to the mark. The website is easy and user friendly. It was accurate and speed as well. It provides a good idea interns of loans, credit cards, etc.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Good response"
      0.5 4.0/5 "Great!"
      When I approach PNB Housing Finance Limited on my home loan they responded me well. The rate of interest was nominal compared to other bankers. I have not gone with PNB housing finance since I have postponed my plans. I would like to give my ratings as 4 out of 5.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2017
    • HDFC Limited Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      HDFC LTD customer executive are not responding on time, but home loan documentation procedure and loan approval is very simple, I have shortlisted an apartment bank completed within a week. I got a loan approval number awaiting for the disbursement.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 14, 2017
    • Ge Money Home Loan
      "Easy transactions"
      0.5 4.0/5 "Great!"
      They are taking monthly ... 7% now 10-11 I got my home loan using General Electric money and found the transactions to be awesome. Money gets deducted from my account automatically and it is very much convienient. Rate of interest started with 7% and now its between 10-11%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 12, 2017
    • ICICI Bank Home Loan
      "Professional services"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank is better and professional in the home loan process. When compered to LIC housing finance. They are better off on the interest rates and they reduce the rate when ever the rate fluctuates. The customer services are also good and easy to connect with.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 12, 2017
    • LIC Housing Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      LIC housing finance is not up to the mark for the home loan. They are not consistent in the details and they need to be more customer oriented. They do not reduce the interest rates when there is a fluctuation. They need to improve overall in their process and services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 12, 2017
    • Central Bank of India Home Loan
      "good service"
      0.5 4.0/5 "Great!"
      I would say the service is good ,even the rate of interest was fine, the process and the representatives are very helpful and responsible, so I can say their service is good from CENTRAL bank for my home loan service till now there is no issue till now.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 11, 2017
    • Bank Bazaar Home Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have experienced the best from Bankbazaar, as from the date I applied for my loan I got a good service from them. Plus their representatives are very helpful and responsible. I had been receiving regular followup calls from Bankbazaar regarding my loan process. I can definitely say, that it was a very good service that I received from bankbazaar.com.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 11, 2017
    • ICICI Bank Home Loan
      "average service"
      0.5 2.5/5 "Just OK"
      I would say the service is good but the rate of interest ICICI offered is little high also I got a better from other bank ,still the process and the representatives are very helpful and responsible so I can say their service is average overall .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 11, 2017
    • HDFC Limited Home Loan
      "Trusted worthy"
      0.5 4.0/5 "Great!"
      HDFC Ltd loan process was very fast within short period the loan amount got disbursed with less interest rate as per the market it was good. They gave me good loan features like balance transfer, part payment. foreclosure on my home loan, I am very fine with that.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 11, 2017
    • Bank Bazaar Home Loan
      "Comprehensive Website"
      0.5 4.0/5 "Great!"
      Bank Bazaar is one of the largest online channel its has all option in one stop, which gives wide of availability options in the market. I have saved my time as well, instead of visiting to the bank. I got good response through Bank Bazaar, what ever I need I got it over there.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 11, 2017
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I was just comparing the rate with PNB Housing, at present I am not looking for any home loan. I already had a home loan with other institute. PNB housing have responded well and their interest rate was similar to the market competitor its was fine.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 11, 2017
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