A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 43 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. ₹5900) 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 Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.35% - 8.60% 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. ₹10000) 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
    5,000 + applicable tax One time fee
    40L - 5Crs
    1 - 25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.5% - 13% Floating
    2% One time fee
    25L - 3Cr
    1-20 Years
    Response Time Within 30 minutes
    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
    8.55% - 8.65% Floating
    0.5%
    20L - 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
    8.6% - 8.95% FIXED:3 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) 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
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  • Mumbai Home Loan Reviews

    • HDFC Limited Home Loan
      "Not Good"
      0.5 1.0/5 "Really Bad"
      I had gone through some issues with HDFC limited when I was taking the home loan. Because, they made me to pay for 3 EMIs. Which is not at all required. I felt that I had paid some more charges as a processing fee and other irrelevant charges. Even I do not have any property insurance, but they had forced me to pay for insurance. I am not at all happy with HDFC Limited.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 16, 2017
    • HDFC Limited Home Loan
      "Apart from documentation rest is fine"
      0.5 4.0/5 "Great!"
      HDFC LTD is too process oriented as its too many for example technical visit , lots of verification and inspection etc. I had all my documents in place expect for AADHAR but they were insisting on AADHAR too and it went to an extent where they stopped the process as AADHAR was not there and because of which I applied for AADHAR and eventually my loan was processed. But on the other hand, AXIS was able to process the same loan with remaining documents I wonder how? HDFC LTD has put my application on fast track and the loan was disbursed within 8 to 10 days.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 11, 2017
    • Punjab National Bank Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      The experience was not really fine one with the PNB housing finance limited.They have taken much time to provide the disbursement ,which is really unfair. Response was also not really good one with them, which I have experienced.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 10, 2017
    • SBI Home Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      SBI offered me 8.35% of interest for the housing loan, but I was expecting around 8.25%. Hence it would great if they reduce the interest rate, as per the RBI rules guidance. But SBI have sanctioned full amount what I have requested to them its good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 05, 2017
    • Bank Bazaar Customer Support
      "Great Site for the best solutions"
      0.5 5.0/5 "Blown Away!"
      It was a very simple and straight forward process. Great effort on the part of Bank Bazar Team. It was very simple kept on clicking relevant options & Aadhar verification was the final step. The precise nature & followups were great. Wish you all the best to Bank Bazar for this innovative site. Keep up the good show!!
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 05, 2017
    • Bank Bazaar Customer Support
      "Good Response"
      0.5 4.5/5 "Excellent!"
      Bankbazaar services are ok. They forwarded my loan application to the bank and I had most of the interactions with the bank. The website is good and it is very convenient to navigate. I did not find any issues with bankbazaar for the loan process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 01, 2017
    • ICICI Bank Home Loan
      "Descent Process"
      0.5 3.0/5 "Satisfactory"
      There was a big delay in the home loan process with ICICI bank. Interest rate was as per the market standard. The customer service and responsiveness are okay. There were no issues with the bank for the loan process. In all their services were descent.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 01, 2017
    • Bank Bazaar Customer Support
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar is a very good web portal which is really easy to handle. When I applied for the loan with bankbazaar, they forwarded my application to the bank and I got updates and followups on my loan application. Talking about their service , it is very good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 01, 2017
    • HDFC Limited Home Loan
      "Good in facilities"
      0.5 4.0/5 "Great!"
      I have had taken a housing loan from HDFC LTD and it has been paid off completed. HDFC Ltd is very convenient because they have good online facilities. Whenever I want any statement or details, I can get it from their online source instead of approaching the customer service. Interest rate was 8.75% as well. Customer service is always good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 01, 2017
    • SBI Home Loan
      "Good when it comes to interest rate"
      0.5 3.5/5 "Pretty good"
      Everything went well with the home loan process of State bank of India. I did not face any kind of issues or challenges with the bank during the loan process. But when it comes of other facilities like online, SBI needs to be improved a lot because for everything we need to approach the bank. As far as the rates are concerned it is the best.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 01, 2017
    • ICICI Bank Home Loan
      "Worst bank ever"
      0.5 0.5/5 "Unacceptable"
      Never ever try to apply loan with them it's complete mental harrassment, paying higher interest rate is sensible option. Your life will be miserable, Go for specialised market players like LIC housing finance, DHFL, etc. NEVER EVER GO WITH ICICI BANK.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 28, 2017
    • Bank Bazaar Customer Support
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      The services rendered by Bankbazaar has been perfect. I am happy as the response was provided on time and they were clear in giving me the details. I received follow up calls as well. The website is good and easy to navigate as well. The overall experience was really good and there were no hassles faced.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 24, 2017
    • HDFC Limited Home Loan
      "Response is good"
      0.5 5.0/5 "Blown Away!"
      HDFC LTD has done a good job, they contacted me on time and informed me the details. I had applied for a home loan. I could not proceed ahead because I was traveling and was not in town. I postponed the the plans. Not sure on the interest rate and charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 24, 2017
    • Bajaj Finserv Home Loan
      "Good. Can do better"
      0.5 3.5/5 "Pretty good"
      My home loan is from Bajaj Finserv. I am happy that they offered me a loan of 31 Lakhs. But the coordination during the process was not up to the mark. I expected the documentation process and the terms and conditions to be completely done at one shot. I had to submit the paper work one after the other and due to which the loan disbursement was delayed. The rate of interest was of 8.5% and there was a processing charges totally of 25K. There is a part payment option too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 24, 2017
    • HDFC Limited Home Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have earlier taken a home loan from HDFC Ltd and even closed it as well. That process was smooth and I never had issues in getting the loan and the closure was easy too. The interest rate and charges was normal and the documentation was also easy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 24, 2017
    • Bank Bazaar Customer Support
      "Satisfactory services"
      0.5 4.5/5 "Excellent!"
      The services at Bankbazaar has been good and the overall experience was nice all through the process. I had no issues is accessing the website and the details on it is easily understandable. The process in getting connected to the banks is also swift.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 24, 2017
    • HDFC Limited Home Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I did not take the home loan from HDFC LTD because they were offering me a lower loan amount. They were willing to offer me only 28 Lakhs. So I went ahead with another institution who was offering me a better deal. The customer services and response was on time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 24, 2017
    • Bank Bazaar Customer Support
      "Service"
      0.5 2.5/5 "Just OK"
      Good services, quick response. Hope my requirements will be completed very soon. I suggest everyone to please go through the bankbazar.com for your requirements. Your dreams also will be fullfilled. Thanks to bankbazar.com hip hip hoore!!!
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 20, 2017
    • IDBI Home Loan
      "Satisfactory service"
      0.5 4.0/5 "Great!"
      IDBI is good, but interest rate is slightly high compared to government sector for the home loan. I had taken the amount of Rs. 15 lakhs for the tenure 20 years, IDBI charged 9.35% for the home loan, and they deducted around 1% as a processing fee.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 13, 2017
    • LIC Housing Home Loan
      "Overall good"
      0.5 3.0/5 "Satisfactory"
      My home loan is with LIC housing finance and though they do not have any customer service as such. They do have a good interest rate and the charges are normal. When the interest rate drops, the rate reflects on their systems as well. Overall good.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jul 07, 2017
    Common Loader Icon

    Mumbai Home Loan is Rated as "Great!" by 2776 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    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 17 Aug 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

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