A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 38 Mumbai Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 10.25% Fixed/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% - 8.85% 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. ₹2,000) + applicable tax
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time : Within 30 minutes
    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% - 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
    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
    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
    8.35% - 8.80% 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
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.95% - 10.40% FIXED
    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
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  • Mumbai Home Loan is Rated as "Great!" by 3111 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
    04
    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 13 Dec 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

    • Dena Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my home loan with DENA bank . The loan amount was 12 lakhs and the interest rate was 8% which was very high than other banks in the market . The EMI period was 30 years . The loan process was very easy and good. They have sanctioned the loan with the committed time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 12, 2017
    • Bank Bazaar Home Loan
      "WEBSITE"
      0.5 4.5/5 "Excellent!"
      GOOD WEBSITE TO INTERACT AND SUBMIT INFORMATION. ALSO FORMS ALSO AUTO FILLED, THE CONCERNED BANK WILL LIKE TO SHARE ON FACEBOOK ALSO YOUR COMPARATIVE RATE OF INTEREST AND OTHER PRESENTATION. THANKS FOR SUPPORT AND FOR THE S.M.S SEND BY YOUR WEBSITE.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 11, 2017
    • SBI Home Loan
      "Home loan process is very slow and not co-operative"
      0.5 1.0/5 "Really Bad"
      Dear All, SBI home loan process is very slow, SBI staff is not co-operative, I have submitted all the required documents for loan process n told me that your home will be passed in one month , they have taken 2month for entire process , suddenly they told me that your home loan application is rejected due development agreement is not registered which is taken 2month. My building has society formed and OC, many people got loan from SBI for my same building now they are saying that your development agreement is not registered which is wrong said in last stage. Kindly all, do not apply home loan in SBI , because they don't asses good customer , I got very negative publicity while applied home loan in SBI but I was pretty comfort with SBI but it is sure that I was wrong to apply loan in SBI. SBI's time mgmt, decision making and transparency is very poor.
      Was this review helpful? 4
      , mumbai
      Reviewed on Dec 03, 2017
    • Bank Bazaar Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with bankbazaar so far, they provide good services when compared to other banking websites. I know bankbazaar.com from last 2 years. I came to know about bankbazaar through google. Customer service was good and their response was prompt. I use both mobile application and website, it is easy to access and is user friendly.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 29, 2017
    • HDFC Limited Home Loan
      "Needs to improve on Customer Service"
      0.5 2.0/5 "Expected more"
      I have applied for the home loan transfer from HDFC LTD, my loan application was closed because i have just inquired about the home loan transfer. When it comes to customer service, there was no interaction with them and also there was no response. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 29, 2017
    • Gruh Finance Home Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      I have closed the home loan with the GRUH finance limited and the customer service is okay one for me. The loan amount got approved within a month of time. I am happy with the GRUH finance limited, also I have not faced any issues with them.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 29, 2017
    • Bank Bazaar Home Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with bank bazaar i had . The customer service was good from the bank bazaar side . From the bank bazaar side i received Call in a day after i registered for the loan process . The Website of bank bazaar was user friendly and easy to use and also helpful .
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 28, 2017
    • HDFC Limited Home Loan
      "NOT HAPPY"
      0.5 1.0/5 "Really Bad"
      I feel the service was not that good from the HDFC LTD side for the home loan process . The process was very slow from the bank side . They took 3 to 4 day to login to the file . As i wanted the loan as soon as possible and before that i already applied in another and the they took a less than a week to disbursed the amount .
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 28, 2017
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Home loan form DHFL.The loan amount is 23 lakhs,rate of interest is 9.5% very high as compared to other banks.I will not recommend the bank because of the high rate of interest.I submitted the documents and they had processed the request within one week.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 28, 2017
    • Bank Bazaar Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I am the first time user of bank bazaar.The website is user friendly and convenient to use the options,they give a quick response be it any request raised from my end.The website has got options like credit score and EMI calculator etc.I liked the website so much.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 28, 2017
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have requested for a Home loan with Hdfc limited.Tye loan amount is 23 lakhs,rate of interest is 8.9% nominal compared to other banks.They called to share the details of the loan.I had personally dropped the plan and got it from a different bank.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 28, 2017
    • Bank Bazaar Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using the service of bank bazaar for quite a few months.The website is very easy to understand and navigate.The customer service is very prompt in information ,they give the right information as per product,continue to get products through bank bazaar.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 28, 2017
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a Home loan with HDFC LTD. The loan amount is 30 lakhs,rate of interest is 8.35% nominal as compared to other banks. Its been three month since i have applied no one has called me to Share the status of my application,otherwise the institution is good as i hold multiple products with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 28, 2017
    • Bank Bazaar Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      This was my first time experience with bankbazaar and it was good, i came to know about bankbazaar through google. The services provided by bankbazaar is good when compared to all other banking websites. Customer service was good and their response was prompt. The website is easy to navigate and is user friendly.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 27, 2017
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My home loan experience with PNB Housing Finance was good, the loan amount was sufficient and the rate of interest was nominal when compared to other sources. The process was very smooth and easy. Customer service was good and they responded on time. I am overall satisfied with the services provided.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 27, 2017
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from HDFC LTD, my loan application was closed because i have taken loan from other bank. When it comes to customer service, it was good, they responded on time and regular follow ups were done. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 27, 2017
    • Bank Bazaar Home Loan
      "Outstanding Service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is a good website. I came to know about the website through google search. It is easy to do a comparison and come up with the best solution. The website was easy to access and user friendly. I don't find run time errors. The speed and accuracy was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • DBS Bank Home Loan
      "Outstanding"
      0.5 5.0/5 "Blown Away!"
      My experience was good with DBS Bank. The documentation process was smooth and good. They provided a doorstep service for document collection. They provided a good customer service. The rate of interest was lower than the market price. There are no charges when it comes to pre closure.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • Bank Bazaar Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar website is good and easy to access. They helped me a lot in finding the better solutions. It was a very nice experience with bank bazaar. The customer service was good. The response was fast and prompt. The website was user friendly and speed was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • Axis Bank Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      It was a very nice experience with Axis Bank. The representative was very good and helpful. The interest rate was 8.35%. The EMI period was ten years. There is no pre closure fee. They offered me 12L and I pay monthly 15K. The documentation process is easy and simple.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
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