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 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
    8.40% - 8.50% 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

    • Bank of India Home Loan
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      I am having the home loan with the Bank of India and their interest rate is around 8.9%. The loan amount got disbursed within specified time period, also I am really happy with the Bank of India for my home loan disbursal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 23, 2017
    • HDFC Limited Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a excellent experience with hdfc ltd for the home loan. They have explained everything very clearly to me. The process took some days not sure about it. I also got a good rate of interest at that time 8.75%. And also a processing fee was charged nominal I had taken it for 20 years but I pre closed it later.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 23, 2017
    • Bank Bazaar Home Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      It was a very good service from Bankbazaar , but I had a small issue in checking my credit profile so I was little disappointed with that ,other than everything was fine from Bankbazaar service ,even the customer service and the representatives were very helpful and responsible.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 22, 2017
    • Punjab National Bank Home Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I can the service was very good from PNB ,representatives where also very good and helpful during the loan process . But I had some personal issues so that was the main reason for postponing my loan process .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 22, 2017
    • HDFC Limited Home Loan
      "IT WAS KIND OF GOOD "
      0.5 5.0/5 "Blown Away!"
      The experience and the services i had with HDFC LTD was all good as i applied for was kind of OK . the HDFC LTD contacted me in a better manner and gave all the information . the rate of interest was real high and also the processing fee from the other banks . i have some personal problem so only i postponed the plan .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 21, 2017
    • ICICI Bank Home Loan
      "Good one"
      0.5 4.0/5 "Great!"
      ICICI Bank is far by the best bank, however they were unable to provide a top up loan housing loan is the most secured loan and that is why I had preferred ICICI Bank they could have provided me a top up. I had taken it for a period of 25 years and I had completed 7 years and the charges were 9%
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 21, 2017
    • Bank Bazaar Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I really find this mobile application so useful for looking into different services Its good for financial services. Fast process for application. Also have good comparison between all banks.regarding home loans and all the loans. Very nice flow of application
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 21, 2017
    • Indiabulls Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      India Bulls home loan respone was very good, customer service is excellent but they should improve their responsiveness. They are taking too much time, at present I postponed my loan process is on hold due to some signature issue. India Bulls is good, they were ready to sanction the loan based on the property value.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 21, 2017
    • review Home Loan
      "IT WAS OK ."
      0.5 4.0/5 "Great!"
      The experience i had with the Adhara housing finance was OK . i applied for the loan and the finance guys called me saying that i will be getting a rate of interest of 11% and processing fee of 3% as i was in a serious urgency so i had no other option rather than taking the loan through then and with in 20 days it also got approved .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Not Happy "
      0.5 1.0/5 "Really Bad"
      I was not at all happy with the experience and the services i had with the PNB HOUSING FINANCE LIMITED . As i applied for the home loan in the PNB finance there was that much of proper contact but when they contacted me and said that a rate of interest one time and after that they kept on changing that rate of interest 2 times and also the same they did with processing fee and the charges so that is the reason I was upset and I dropped the plan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 18, 2017
    • Axis Bank Home Loan
      "Not good"
      0.5 1.0/5 "Really Bad"
      It was a horrible experience i had with AXIS BANK Housing finance services . They had a real delay in contacting me and they told me to keep ready all documents required for applying it took me 2 hour away from my busy scheudle for keep ready all the docs but no one turned up from the bank side . This happened with me like 2 times . then i applied through aadahr housing financier for a rate of interest 11% and and processing fee of 3% which is higher as it was an urgency.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 18, 2017
    • Bank Bazaar Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had a real good and a amazing experience with BANK BAZAAR when i was looking for options of the bank for a Home loan . With bank bazaar i got great option of the different bank and also i got a option of comparing those different bank and get the best rate of interest and less processing fee offering bank . I loved the website of Bank Bazaar . It is an amazing experience as a first it was so easy for me to do everything easily without any guidance i did everything on my own .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 18, 2017
    • Axis Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I was happy with the service of AXIS bank home loan process . they were so good at serving their customer in a proper and a better way . All the data i required for the loan process was delivered to me in a better and a proper way . i felt for few reasons that the processing fee was high and also i got a a rate of interest for of 12.50 %. more over the property options will all in was getting was out of my budget so i didn't opt for the loan due to my own reason .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 18, 2017
    • Bank Bazaar Home Loan
      "simply good"
      0.5 4.0/5 "Great!"
      I got a energetic response from the bank bazaar side they had given me a wide number of various options and even bank bazaar provided me the loan status but the bank didn't and after that I got my loan Disbursed. Also I am still getting calls and notificatons from the bank bazaar side .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 14, 2017
    • ICICI Bank Home Loan
      "NOT THAT GOOD"
      0.5 4.0/5 "Great!"
      I am not at all happy with the services of the ICICI bank home loan .customer executive spoke to me in a very bad manner and he did not have any idea about what all documents to be collected for the procedure and the information which was given to me regarding the loan .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 14, 2017
    • Bank Bazaar Home Loan
      "Very good response"
      0.5 5.0/5 "Blown Away!"
      It was a mind blowing experience with bank bazaar. Bank bazaar showed an easier way to compare. I was able to find different products and also I was able to select the right one out of that. Lastly, the website was also very much useful and user friendly too .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 13, 2017
    • HDFC Limited Home Loan
      "Could have been better"
      0.5 3.5/5 "Pretty good"
      I had a good experience with HDFC LTD what ever details I wanted was never delivered on time, neither they had a good point of contact with me. It could have been more easier and better if they provided the information on time and contacted me at the correct time .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 13, 2017
    • Bank Bazaar Home Loan
      "Good for financial queries"
      0.5 4.5/5 "Excellent!"
      Its good for financial services. Fast process for application. Also have good comparison between all banks. I really find this website so useful for looking into different services regarding credit cards and bank loans. Very nice flow of application
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 13, 2017
    • Bank Bazaar Home Loan
      "Better website"
      0.5 5.0/5 "Blown Away!"
      I got immediately response and everything was quick in Bank Bazaar, as soon as I log in the website, I got a call and proper update about the loan process. Bank Bazaar executives are very prompt, they helped to complete the process on time without any hassles.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 13, 2017
    • Punjab National Bank Home Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      PNB housing charges are nominal, but I think other banks are giving 8.3% but PNB housing is offering 8.5% of interest, so it is high. I took the amount Rs. 32 lakhs for the tenure of 30 years, they gave me part payment, balance transfer and preclosure option.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 13, 2017
    Common Loader Icon
    Mumbai Home Loan is Rated as "Great!" by 2854 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 24 Sep 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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