A "low interest" loan shouldn't mean you have very little interest in paying it back!
A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 37 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.10,000 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.10,000 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.10,000 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.10,000 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
    8.35% - 8.35% Floating
    0 One time fee
    50L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    Rs.10,000 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.10,000 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.10,000 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.10,000 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 3140 Users
    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 19 Jan 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

    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the Home loan service with the HDFC LIMITED around 5 years ago. The customer support was good with the HDFC LIMITED and they have disbursed the loan amount within a week time. The rate of interest is floating which is average when compared with others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 17, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      Rate of interest offered by Hdfc LTD for the home loan department is 8.3% which is fine compared to other credit service providers in the market. The customer service is good and the documentation part was been smooth. It was an excellent experience with HDFC LTD home loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 17, 2018
    • Bank Bazaar Home Loan
      "Expressive way for fastest and easiest loan "
      0.5 5.0/5 "Blown Away!"
      I like the loan details displayed on the site and it is the easiest way for loan process. thanks for all the team efforts for making such a easiest way to get the loan from the institution and the comparion options provided by various banks for selection process with rates and emi facilities and years too as per age factor.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 16, 2018
    • Bank Bazaar Home Loan
      "Excellent website "
      0.5 5.0/5 "Blown Away!"
      Really Mind blowing your bankbazar. Com website thanks for guide me GOD Bless U And Your Co. Pls praying for us our loan sanction very soon and we pay your loan Amt as soon as possible and I also Spread msg for your best and fast service about loan
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 13, 2018
    • Bank Bazaar Home Loan
      "Superb Service and fantastic web browsing"
      0.5 5.0/5 "Blown Away!"
      I appreciate your service in getting us through home loans with many banks option. The website is very perfectly designed to capture details and decide banks for Loan. Also the tabs and filters are proper for sorting as per customers choice. Awaiting for further response from banks and getting through.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 09, 2018
    • Bank of Baroda Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan was taken with BANK OF BARODA 1 month back . The loan mount was 80 lakhs and the interest rate was 8.3% which was satisfactory . The loan process was really good and they have sanctioned the loan with the committed time. My overall experience was excellent .
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 05, 2018
    • Bank Bazaar Home Loan
      "Good One"
      0.5 4.0/5 "Great!"
      It was a good experience With Bank Bazaar i would say . The customer service was from the bank bazaar side .I received Call within a days time and on call everything was explained to me in a detailed way .The website of bank bazaar was good and user friendly it was easy for me to use in the first place .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 27, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I was not getting 100% approval from the institution side they were only giving me 70% of approval so i canceled it form my end . They were only able to give a approval of 70 to 80% . So i cancelled as i wanted a full approval . Over all it was a good experience with PNB Bank for the Home loan process .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 27, 2017
    • Axis Bank Home Loan
      "NOT HAPPY"
      0.5 2.0/5 "Expected more"
      It was a ok ok experience I had with AXIS Bank . actually the property was not on my name its was on my late fathers name so they told to transfer the property on my name and then come back to apply . They canceled application from my end . the customer service was ok ok but i expected a bit more better way .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 27, 2017
    • Axis Bank Home Loan
      "GOOD"
      0.5 3.5/5 "Pretty good"
      The customer service was good from the bank side , but i expected it to be a bit more . It was a full approval i got from the bank side . The money did not got disbursed , it is yet to be . The rate of interest was 9% and processing fee was 9.5K they charged . The Pre closure option was there with no extra charges .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 27, 2017
    • Bank Bazaar Home Loan
      "Pretty good"
      0.5 3.5/5 "Pretty good"
      With Bank Bazaar it was a ok ok experience i would say . the customer service was good from the bank bazaar side . I received call in a very next day and everything was explained to me in a very easy way . The Website was easy to use and also i checked my credit score on the website .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 27, 2017
    • Axis Bank Home Loan
      "NOT HAPPY"
      0.5 1.5/5 "Bad"
      I was not really happy with the experience what i had with AXIS bank . The customer service was not that good as i expected . The bank executive people never called me not even once . I almost waited for 2 days but there was not response . I canceled it from my side . neither No follow ups were done from the bank side . I am not happy with the service i would say .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 27, 2017
    • Vijaya Bank Home Loan
      "Interest is low"
      0.5 4.0/5 "Great!"
      I closed this Home Loan some three years back and the experience with this Bank was pretty good. I was offered a cash limit of Rs. 10.50 Lakhs and the Rate of Interest they offered has been pretty good. The repayment option which they provide is pretty much convenient,
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 26, 2017
    • Bank Bazaar Home Loan
      "Application Process is good one and helpful"
      0.5 3.0/5 "Satisfactory"
      Seems to be helpful, but can't say anything until its completed. This gives almost all the required information on asking. I am trying 1st time Bank Bazar for a Loan Process. I am 100 % not sure through this process I will get my Home Loan. I hope I will get my Home loan through Bank Bazar.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 25, 2017
    • Bank Bazaar Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good experience with Bank bazaar as i applied for a loan process . The customer service was good from the bank bazaar side . Within 3 days i received call from the bank bazaar executive and he explained me every thing in a detailed manner . I use the mobile application it was so user friendly and easy to use .
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 22, 2017
    • Axis Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good experience with Axis Bank for the Home loan process . The bank executive contacted me on time and explained the procedure .actually i postponed the plan for while , for six months . The Customer service was good from the bank side . They asked for the documents for the loan process but , hence i postponed so i did not follow up with the bank .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 22, 2017
    • HDFC Limited Home Loan
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      It was a ok experience I had with HDFC LTD for the Home loan process . They were asking for providing to much of documentation to be submitted , the customer service was also not that good . I cancelled the application from my end .it was a average experience, I would say with the HDFC LTD .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 22, 2017
    • DBS Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my home loan with DBS for about 2.5 years. The loan amount was 37 lakhs and the interest rate was 8.35% which was avergae in the market so It recommendable . The tenure period was 20 years and I had a very good loan process here . The processing fee was nominal so I would like to recommend to others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 22, 2017
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had a Home loan with State Bank of India before 6 years. It was a pretty good experience. I hardly visit the branch and everything was good with them. The rate of interest was nominal and there is no processing fee. They offered me a very good interest for my home loan.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 21, 2017
    • LIC Housing Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have a home loan from Lic and the documents have been submitted their branch directly ,the customer service was good ,other staffs of lic was awesome and they offered me a loan amount of 15.5 lakhs it was a good experience with Lic home loan service.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 20, 2017
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