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
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    8.6 - 9.00% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
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    8.90% Floating
    10000+GST One time fee
    -
    1-20 Years
    Response Time : Within 30 minutes
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    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
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    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
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    Perks
    Fees & Charges
    Good to Know
    8.90% - 9.55% 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
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    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
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    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
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    Perks
    Fees & Charges
    Good to Know
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  • Mumbai Home Loan is Rated as "Great!" by 3337 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 18 Nov 2018

    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
      "Good service"
      0.5 4.0/5 "Great!"
      My mom have applied for home loan from IDBI bank, there service is good, they rate of interest and processing fee which they have charge was nominal and the loan amount which they have given me was sufficient and tenure period which they given me was sufficient and it have been 2 years i have been applied for home loan from this bank, till now service i have experience was good.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 16, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my home loan with HDFC LTD for long time, the loan amount which they have given me was sufficient and the rate of interest they charge me s not fixed it use to fluctuate time to time and i have taken loan for 30 years tenure period and now just 5 years more to go and they have charged processing fee it was nominal.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 16, 2018
    • DHFL Home Loan
      "Need to be very faster"
      0.5 2.0/5 "Expected more"
      I have a home loan with DHFL Bank and it was taken in the year of 2012. The process they had at that time was very slow. The customer service is moderate. Whenever I visit the bank for return file recording they don't provide and ask them to come back because of the system issues. The rate of interest is average.
      Was this review helpful? 3
      , mumbai
      Reviewed on Nov 13, 2018
    • SBI Home Loan
      "Happy with the interest rate and home product"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in State Bank of India. It is good and satisfied with the interest rate. They are charged around 9% for the home loan. The loan duration is 10 years and I have completed almost 7.9 years. I took a loan in 2010. There are no charges for the foreclosure.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 13, 2018
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      My home loan was taken with ICICI BANK , the tenure period is 15year and they charge very nominal rate of interest . The processing fee is high with this bank . They provide satisfactory loan amount and there are no hidden charges with this bank .
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 12, 2018
    • review Home Loan
      "Best in Need"
      0.5 4.5/5 "Excellent!"
      I would recoommend everyone to go for GIC housing finance as they listen to you and give you what you eligible for, I still remember when i had gone to apply home loan they sanctioned the amount in just two days and after that for verification and all it took time but i was glad the way they handled my application. This is one of the best experience i had and would suggest everyone to go for it if you are looking for any Home loan., because they have the reasonable interest rate somewhere around 8.5%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 10, 2018
    • Indiabulls Home Loan
      "Response is quick"
      0.5 3.0/5 "Satisfactory"
      Well i was in a need of home loan and i applied with India-bulls . The process of applying and getting processed was fast. i would appreciate India-bulls for that but when i had paid almost half of my loan amount and when i requested for , another loan , they just denied. I mean they could have seen my credit score and i am a person who pays payment on time. So only this concern i had with this bank but apart from that i fine with its services.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 10, 2018
    • Axis Bank Home Loan
      "Can Be Better"
      0.5 3.0/5 "Satisfactory"
      I Applied for a home loan with Axis bank. I am not happy with the Rate of Interest. Beginning it was somewhere between 10.25 and now it has come down to 9.2%., The interest rates are not competitive compared to other banks.Other Banks provide a reasonable interest rates. While applying for this , my application was processed in a month.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 09, 2018
    • Kotak Home Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The experience i had with this Home loan has not been good since the process has taken more time than usual. There has been some issues on the documentation and their customer support team response has been slow. The interest rate with the has been much higher compared with the market rate and the issues had been sorted out at last by the Managing Director after i writing a letter.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 09, 2018
    • Indiabulls Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have applied for the hosing loan recently from the INDIA BULLS and my loan got approved within 2days and i got loan of 78% with in 8-9 days which is 17lakh. I am using from last 10 months also the duration is for 30 years to repay the loan and the rate of interest is nominal 8.5.% which is fixed.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 07, 2018
    • HDFC Limited Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan from HDFC LTD and my experience was good, the loan amount was for Rs 14.78 lacs with nominal interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 20 years.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 01, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with HDFC LTD for home loan, i got the loan amount within 1 month. The loan amount was for Rs 14.5 lacs with nominal interest rate and the tenure period is 20 years. Customer service was good and they responded on time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 01, 2018
    • HDFC Limited Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had a very good service with this loan where they had given me with the best service. I was satisfied with the loan amount and the interest rate with them has been nominal and was around 8.7%. There has not been any sort of additional charges made by them and their customer support team had been helpful at times.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 31, 2018
    • IDBI Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a a good experience i had with this Home loan where they had provided an excellent service. The loan amount which they had provided has been satisfactory and the interest rate with them has also been nominal. They only had charged me with some processing fee initially and other than that there has not been any charges.
      Was this review helpful? 4
      , mumbai
      Reviewed on Oct 26, 2018
    • HDFC Limited Home Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience i had with this loan and the loan amount which they had provided has been sufficient. The interest rate with them has been around 8.40% which was nominal when compared with the market rate. There has not been any sort of additional charges made by them so far.
      Was this review helpful? 2
      , mumbai
      Reviewed on Oct 26, 2018
    • IndusInd Bank Home Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      I have taken home loan with IndusInd bank and the experience was good, the loan amount was for Rs 17 lacs with high interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 10 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 24, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I took a home loan from the HDFC Ltd for 10 Lacs, I got the loan amount with in 15 days. It was also okay. I applied via agent who helped with the documentation and application. Overall it has been a very good loan experience with the HDFC and never faced any issues with their services.
      Was this review helpful? 3
      , mumbai
      Reviewed on Oct 20, 2018
    • Vijaya Bank Home Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      I have taken a home loan with Vijaya bank, the loan amount was good they gave me as per my expectation , and rate of interest they have charge is 8.9% it is nominal and even processing fee they have charge is nominal , there was no delay in getting my loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 20, 2018
    • DBS Bank Home Loan
      "Waste of time due to unrealistic response"
      0.5 1.0/5 "Really Bad"
      I get much more loan eligibility in market compare to you guys and the banks i short listed through you. While the marker operates at a different reality level, your platform doesn't which led to a feeling of waste of time.. No follow up on what happened to client's call with banker. Did it get through or not? Is there any other way in which we can help you? etc...
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 17, 2018
    • Oriental Bank of Commerce Home Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I got my housing loan from Oriental bank of commerce . Am satisfied with rate of interest of 8.8%which is nominal one The customer service and response is good. It instant approval process just they took 10 days but they assured for the loan They gave good tenure period which i make the payment through ECS . Their customer service is good and responsive. There are no processing fees.
      Was this review helpful? 2
      , mumbai
      Reviewed on Oct 15, 2018
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