Home Loan in Mumbai

Best Home Loan Interest Rates in Mumbai with Branch Addresses

Have a look at the best home loan providers in Mumbai with their interest rate and the main branch address in case you want to contact. You can thus compare the rates or even calculate the EMI with the help of a home loan calculator Mumbai and then apply for the suitable deal.

Banks NameMain Branch AddressRate Of Interest
SBIMumbai Samachar Marg, Horniman Circle, Fort, Mumbai, Maharashtra-4000238.70% - 9.25%
HDFC LtdHdfc Ltd., Kothari Milestone, Shop No. 106, 1St Floor, 46, Swami Vivekananda Road, Malad (W), Mumbai 4000778.35% - 9.05%
ICICI BankUnit No-1, Amar Industrial Estate, Amar Brass Compound, Kalina CST Main Road, Kalina, Mumbai, Maharashtra-4000988.85% - 9.10%
Axis BankBombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra-4000258.80% - 9.05%
PNB HFLParanjape Scheme B Road, Paranjape Nagar, विलेपार्ले पूर्व, Mumbai, Maharashtra 4000579.00% - 13.00%
Indiabulls HFLIndiabulls Finance Centre, Senapati Bapat Marg, Elphinstone Road, Mumbai - 4000138.80% - 11.05%
Bank of BarodaMumbai Samachar Marg, Kala Ghoda, Fort, Mumbai, Maharashtra-4000018.55% - 9.55%
DHFLPremises no. 508, 509, 5th Floor, Anjani Complex, Opp. Guru Nanak Petrol Pump, Parera Hill Road, Andheri (East), Mumbai - 4000999.05% - 9.95%
LIC HFLLIC Housing Finance Limited, B/2, Silver Apartments
Shankar Ghanekar Marg
Prabhadevi, Dadar (West) - 400028, Maharashtra
8.70% - 9.05%
IDBI Bank267, Little Angels Educational Trust, Sulochana Shetty Marg, Jain Society, Sion West, Mumbai, Maharashtra-4000228.60% - 8.90%

Eligibility Criteria

  • For salaried, the minimum age by which they can apply for a home loan is 21 years. The maximum permitted for them at maturity is not more than 58 years. Self-employed can apply after attaining the age of 24 years and must ensure his/her age does not go past 65 years at the time of loan maturity.
  • Salaried and self-employed should earn an annual income of ₹ 1,80,000 and ₹ 1,80,000-3,00,000, respectively, to get the lender’s nod for a home loan.
  • As far as job stability factor is concerned, salaried professionals must make sure they have worked for a total of 2 years with a minimum of 1 year with the current employer. But if you are a self-employed, you have to be in the business for atleast 3 years.

Documentation

  • Proof of Identity- PAN Card/Driving license/ Voter ID/Passport/Aadhar Card
  • Proof of address- Passport/Utility bill/Voter ID/Aadhar Card
  • Proof of Income- Last 3-month Salary Slip/ ITR/Form-16
  • Bank Statement- Last 3-6 Month Bank Statement
  • Property Documents- Agreement Sale Copy, Certificate of Possession, Land Tax Receipt, Detailed Cost Break-up of Construction, Letter of allotment, Original NOC

Home Loan in Mumbai Details

ParticularsDetails
Interest Rate8.50% - 17.00%
Processing Fee0% to 1.25 % of the loan amount
Prepayment/ part payment chargesNil
Tenure/ Repayment1-30 years

About Home Loan in Mumbai

‘Aamchi Mumbai’ is the word people normally use to address the dream city of India, previously called as Bombay. The city never sleeps as it keeps on running 24X7. Being the largest city in terms of population, Mumbai is the commercial capital of India with a large number of top corporates ruling the roost here. Mumbai contributes around 6% to the nation’s GDP and accounts for a 10% share in the overall factory employment in India. Almost 25% of the country’s industrial output comes from Mumbai.

Don’t you like to own a home in a city that presents opportunity galore? I am sure, you would like to. But, how can you buy a home in Mumbai? It can be done by availing a home loan from either a  bank or a housing finance company. You can apply for a home loan to serve various purposes like buying a new or resale flat, purchasing a land to construct a house on the same, extend or renovate an existing home.

People Also Look For

Personal Loan Interest Rates October 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank11.50% - 14.50%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates October 2018
State Bank of India/SBI8.70% - 9.25%
HDFC8.80% - 9.60%
Bank of Baroda8.55% - 9.55%
LIC Housing8.70% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank8.85% - 9.10%
Axis Bank8.80% - 9.05%
Citibank8.90% - 9.65%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
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