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
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
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    8.90% - 9.10% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
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    Fees & Charges
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    8.80 - 9.20% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.90% Floating
    10000+GST One time fee
    -
    1-20 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.80% - 9.05% 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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.75% - 11.0% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.90% - 9.50% Floating
    0.50% PF (For Salaried) to 1%(min.3000)+Tax (for Self employed)
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
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    Perks
    Fees & Charges
    Good To Know
    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Good to Know
    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
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    8.85% - 9.05% Floating
    0.25% (max. ₹11,800) One time fee
    5L - 10Crs
    3-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Mumbai Home Loan is Rated as "Great!" by 3387 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 22 Jan 2019

    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

    Mumbai Home Loan Reviews

    • IDBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my housing loan with IDBI bank, they have given me sufficient loan amount, and the rate of interest they have charged me up to 8.45% which was nominal for me, and the processing fee they have charged me was nominal, and still my loan is running,till now i had good experience.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 17, 2019
    • SBI Home Loan
      "Good Experience for Housing loan"
      0.5 4.0/5 "Great!"
      SBI is best for the home loan, they come down to 9% of interest its good compared to private sectors. The documentation verification is very easy and very secured as well. Even the bank gave me balance transfer, pre closure, part closure options.
      Was this review helpful? 6
      , mumbai
      Reviewed on Jan 14, 2019
    • Bank of Baroda Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Home loan with Bank of Baroda and the time when i submitted application for home loan, they have considered my application and also they processed my application on time . There was no hurdle and it was a easy go. The interest rates i have on my loan is 9.45%.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 13, 2019
    • HDFC Limited Home Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a Home loan with HDFC and at the time of applying there was no delay in my application. The procedure was easy and my application got processed on time. The interest rates that is on my loan amount is reasonable as per the market value.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 13, 2019
    • LIC Housing Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I took a home loan from the LIC , The service was also good, The loan amount was satisfactory , I got the loan amount with in few days , The interest rate was high when I took it. The processing fee was nominal and the tenure period is 23 year . I am happy with services .
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 11, 2019
    • LIC Housing Home Loan
      "Affordable interest rate with LIC Housing"
      0.5 4.5/5 "Excellent!"
      I took the home loan from LIC housing it was cleared long back, when I took the loan the interest rate 9.3% for the tenure period of 20 years. I completely paid and I got the NOC. Only thing, the different executive were involving for same thing hence I need to pay the commission.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 09, 2019
    • Bank Bazaar Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My experience is great with bankbazaar.com. They have fulfilled my requirement and sent me the amazon voucher. I have taken a home loan and never had any issues. I have been using the site for more than a year. It was useful in verifying the offers and finding the interest rate of other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan from HDFC LTD through online channel. Many times I need to followup them and visited the office which is near to my place for the loan and keep on requesting me the documents at last moment. The rate of interest was okay. They need to inform in the beginning which will be easier. I have purchased a residential property.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 08, 2019
    • Bank Bazaar Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have sent a lot of message and have not received any response on time. I have been using bankbazaar.com for more than 2 years. My previous experience was good but only this time the response was not proper. The process was fine and easy. Am comfortable with mobile app and website.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan from HDFC LTD through online portal. The customer service is good. The rate of interest is okay. The loan tenure is 30 years and am planning to reduce 15 months. I have purchased a residential property. The documents are collected by the executive.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 08, 2019
    • Bank Bazaar Home Loan
      "Beat"
      0.5 5.0/5 "Blown Away!"
      Simple.and best.. So helpful Number one I am.trying to loan of Rs 11 lakh . My building / flat cost is 25 lakh My salary is well .no need to any other credit score. Just check my Document and please pass my loan . It's my request I hope my request will be granted ...
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 05, 2019
    • Axis Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan with Axis bank and my experience was not up to the mark, the loan amount was for Rs 40 lacs with tenure period of 16 years out of which 3 years already completed. Insurance was mandatory given and the rate of interest was initially set to 8.8% and later they changed to 9.1%.
      Was this review helpful? 4
      , mumbai
      Reviewed on Dec 29, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I had taken this loan a while back and the experience with them has been quite good. The loan amount was sufficient and the interest rate has been nominal as well. There has been some processing fee which was nominal and their customer support has also been helpful as well.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 29, 2018
    • Bank Bazaar Home Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Very Good Experience. Very Quick response. Great offers as per my requirements. variety of schemes as per the requirements of the loan. Good support from members. User friendly applications so I would recommend strongly to any one apply for loans.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 27, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using HDFC LTD for home loan recently, like i have done balance transfer from other bank,there service is good, they have charged me nominal rate of interest up to 8.8% it is less compare to previous bank,and the tenure period is up to 5 years now more in need to pay.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 27, 2018
    • review Home Loan
      "Bad experience"
      0.5 2.0/5 "Expected more"
      I had taken my home loan previously with GIC housing finance, they have charged me rate of interest too high, i feel they are charging highest rate of interest in India, they have charged me up to 11.50%, which too high, they have charged me processing fee or not i have no idea,as i have taken 4 years before this loan, and there is many hidden charges , now i have transfer to other bank.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 27, 2018
    • Gruh Finance Home Loan
      "Average home loan"
      0.5 4.0/5 "Great!"
      I have purchased a home loan from Gruh finance and i have closed the loan by last year. There was no customer care services for this institutions. The interest rates are very comparatively with other Government and private banks. There was no pre-closure charges. I bought the loan amount of Rs. 10 lakhs nearly.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 24, 2018
    • HDFC Limited Home Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have been taken my home loan with HDFC Ltd, there service is not up to the mark, i face bit difficulty in there service, and the ,loan amount they have given me was sufficient, i have satisfied with the loan amount, and rate of interest they have charged me was nominal, and even processing fee they have charged me was nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 24, 2018
    • HDFC Limited Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I have home loan with HDFC limited it was nominal, right now it has not higher side, the principal around 7 lakhs they gave me exact amount at the time of processing . It has tenure of 20 years, still the loan is running on. The support is good in terms approving the home loan documents.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 22, 2018
    • Axis Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The process is good and with the simple documentation go get the housing loan with the AXIS BANK. The loan amount is sufficient and the rate of interest is of nominal and the duration to repay the is for 20 years with this bank. The customer service is also good with this bank.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 22, 2018
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