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
    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.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% - 8.85% 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. ₹2,000) + 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. ₹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
    8.25% - 8.25% Floating
    0 One time fee
    40L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    Rs.5,000 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.5,000 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.5,000 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.5,000 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 3092 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 23 Nov 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

    Mumbai Home Loan Reviews

    • Punjab National Bank Home Loan
      "Unhappy"
      0.5 3.0/5 "Satisfactory"
      I had applied for a home loan with PNB housing finance through online channel. Still now I haven't received sanctioned letter and disbursement letter. They need to improve the customer service drastically. The rate of interest was good. I make the payment through ECS, its more convenient.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • LIC Housing Home Loan
      "Deals are good"
      0.5 3.5/5 "Pretty good"
      There was no much hassles for me to get the home loan from LIC housing finance. The disbursement was more or less on time and the rate of interest was good. I got a floating rate of 8.35%. The processing charges was normal as well. In all no issues.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • HDFC Limited Home Loan
      "Property not fixed"
      0.5 5.0/5 "Blown Away!"
      I have not finalized the property yet, so that's why i was unable to proceed with HDFC LIMITED. In future if i am planning to take a home loan I would re-consider HDFC LTD. I got immediate call from HDFC ltd regarding my application especially when it comes to housing loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • HDFC Limited Home Loan
      "Good bank"
      0.5 5.0/5 "Blown Away!"
      Due to change of plan i have dropped the plan of taking a home loan from HDFC LIMITED for now. In future if i am planning to take a home loan then definitely i will consider HDFC. The executives gave me good response and the service was satisfying.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • Bank Bazaar Home Loan
      "Happy with bankbazaar"
      0.5 5.0/5 "Blown Away!"
      Very satisfied with bankbazaar service. The response was very quick from there end. The website is more comfortable.They have lot of options and from lot of banks. According to our will we can choose the right bank.I am happy with bankbazaar.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • HDFC Limited Home Loan
      "Recommedable institute"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with HDFC LTD. The approved rate of interest was 8.4%. It was a nominal rate of interest when comparing with other institutions.The documentation process done well. And with in a week i got the approved amount. Its an approachable institute.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • HDFC Limited Home Loan
      "Home loan with HDFC"
      0.5 3.0/5 "Satisfactory"
      I have changed the plan of taking home loan from HDFC LIMITED. In future if am planning to take home loan then i will not considering HDFC LTD, as they have too much of loan procedure. The customer executive gave good follow up and it was a good experience which I had with HDFC LTD.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • Bank Bazaar Home Loan
      "One place to get all financial products"
      0.5 5.0/5 "Blown Away!"
      In simple terms I would describe bankbazaar as the a financial advisor. I had applied for a home loan through bankbazaar. The website is easy to handle. In one place to get more information about all the financial products. The website is really user friendly and the site is very much easy to understand.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • Bank Bazaar Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bank bazaar called me back immediately on the same day but website is not that user friendly. So bank bazaar website needs to improve a bit and I didn't use bank bazaar's mobile application so far. Apart from this everything was fine with bank bazaar.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 21, 2017
    • ICICI Bank Home Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      First I applied for a home loan with HDFC bank but I close that loan application with HDFC bank because I got a better offer with ICICI bank where I have an existing loan with them so I choose them instead of HDFC bank. ICICI bank was also so quick in processing the loan just like 5 minutes only. They offered me the loan with 8.5% as rate of interest.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 21, 2017
    • HDFC Limited Home Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I applied for a home loan with HDFC Limited but later I had to close down my home loan application because I got a better offer with ICICI bank where I have an existing loan with them so I choose them instead of HDFC LTD. But they called me repeatedly for explaining the process. So they were really good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 21, 2017
    • Bank Bazaar Home Loan
      "Satisfied service"
      0.5 3.5/5 "Pretty good"
      Its a satisfactory service that I received from bankbazaar.com. They have to include more banks or check with the banks were they will be providing home loan to the customers who falls under village areas. Then it will be very helpful. The customer service and follow up was good when it comes to bankbazaar.com.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • HDFC Limited Home Loan
      "Approchable Institution"
      0.5 3.5/5 "Pretty good"
      HDFC LTD is not providing loan facility for any village areas and the builder were i planned to buy the home was a registered one. If the documents are clear and transparent they have to provide loan to the customers.But i am ok with the institution as such.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • Bank Bazaar Home Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I have been using the service of bank bazaar quite a few months.The website is very easy to understand and navigate.The customer service is very prompt in information ,they give the right information as per product.I will definitely continue to call bank bazaar for my future needs.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have requested for a home loan with Hdfc limited.The loan amount is twenty five lakhs.The rate of interest is nominal as compared to other banks.The service was good and they had responded on time.I closed the application because i took funds from a different source.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • Bank Bazaar Home Loan
      "Good website"
      0.5 4.0/5 "Great!"
      The website was good. They provide lot of banks with lot of options.The customer service executive gave immediate call back one i applied for the loan and processed the application with the bank end. Its convenient and easy going with Bankbazaar.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • HDFC Limited Home Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      The documentation process took so long and They asked for the bank statement after collecting the document after 12 days. And they asked to show the 10 percentage of down payment which i have to pay to the builder in my account. All those was not satisfied so i have taken from some other.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • Bank Bazaar Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a wonderful experience with Bankbazaar.com ,the website was also easy for navigation but I feel there was lot of formalities during the process it was little lengthy procedures with Bankbazaar.com it was totally a awesome service with Bankbazaar.com for my home loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      HDFC ltd provides me very good service regarding my home loan service the customer support was good they provide me a interest rate of 8.35 which is fine compared to others but it was my personal reason I was unable to process further with my loan process it was totally a good experience with HDFC ltd for my home loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • Punjab National Bank Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have a home loan from PNB the service was very good but they delay in the process the customer service was also slow needs some improvement there was some communication problem with PNB they provide me a interest rate of 10.25 which was little high compare to others in the market it was average experience with PNB for my home loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
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