Home Loans in Mumbai

Compare Home Loan Interest Rates Offered by Various Banks & HFCs in Mumbai

Name of Lender	Loans of Up to Rs. 30 Lakh
Bank of India	7.10% p.a. onwards	Check Eligibility
State Bank of India	7.25% p.a. onwards	Check Eligibility
Punjab National Bank	7.20% p.a. onwards	Check Eligibility
Canara Bank	7.15% p.a. onwards	Check Eligibility
HDFC Bank	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.40% p.a. onwards	Check Eligibility
ICICI Bank	7.65% p.a. onwards	Check Eligibility
Axis Bank	*8.25% p.a. onwards	Check Eligibility
Federal Bank	*7.90% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	7.70% p.a. onwards	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.35% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.75% p.a. onwards	Check Eligibility
PNB Housing Finance	*7.20% p.a. onwards	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	8.43% p.a. onwards	Check Eligibility
L&T Finance Limited	*8.40% p.a. onwards	Check Eligibility
Godrej Housing Finance	7.75% p.a. onwards	Check Eligibility
Home First Finance	8.00% p.a. onwards	Check Eligibility
Easy Home Finance	8.99% p.a. onwards	Check Eligibility
Piramal Capital Housing Finance	*8.25% p.a. onwards	Check Eligibility
Shubham Housing Finance	10.45% p.a. onwards	Check Eligibility
Punjab & Sind Bank	7.30% p.a. onwards	Check Eligibility
Jio Housing Finance	8.20% p.a. onwards	Check Eligibility
HDFC Sales Pvt Ltd	7.90% p.a. onwards	Check Eligibility

Note: Last Updated on 8 September 2025

 

Home Loan Features

• Home Loan interest rates are offered from 7.35% p.a. onwards based on the customer’s credit profile
• Tenures are quite flexible and may range up to 30 years
• LTV ratio can go up to 90% of property’s value based on the loan amount
• Banks/NBFCs also offer home loan balance transfer (HLBT) to existing home loan borrowers of other banks/NBFCs at lower interest rates.
• Top-ups on existing home loans are also provided to the eligible home loan borrowers to finance their various personal/business requirements or to finance the extension, improvement, renovation, etc of their existing properties
• Home loan applicants can also avail home loan overdraft facility to reduce their interest cost while maintaining liquidity
• Banks/NBFCs also offer pre-approved home loans to their select existing customers based on their credit profile
• Pre-payment/foreclosure charges are NIL for home loans availed at floating interest rates

Income Requirements of Home Loan in Mumbai

For Salaried Applicants: At least Rs 15,000 p.m.

Eligibility Criteria of Home Loans in Mumbai

• Salaried (government employees and corporate professionals)/Self-Employed Professional (Doctors, lawyers, CA, CS, engineer, architect, consultant)/Self-Employed Non-Professional (Trader, contractor, commission agent) are eligible for home loans in Mumbai.
• Minimum age of the applicant should be 21 years at the time of loan applications and up to 70 years at the time of loan maturity
• Applicant should be Indian Resident, NRI or PIO. Some lenders also offer NRI Home Loans to their NRI/PIO applicants
• Having CIBIL/Credit score of 730 and above can increase the chances of availing home loan and at lower interest rates
• Salaried applicants should have a work experience of at least 3 years and self-employed applicants should have a work experience of at least 3 years of business continuity

Also Read: Home Loan Eligibility Criteria of Tops 10 Banks/HFCs 

Documents Required for Home Loans in Mumbai

For Salaried Applicants

• KYC documents: PAN card, passport, voter ID, Aadhaar card, driving license
• Income Proof: Salary slips for last 3 months, Bank statement for past 6 months with salary credits, ITR/Form-16
• Property documents
• Bank statement showing repayment history
• Processing fee cheque
• Employment contract
• Own contribution proof

Additional Documents for Self-Employed Applicants

• Income Proof: ITR with income computation for past 3 years
• Balance sheet and profit & loss account statement for last 3 years
• Last 6 months savings account statement of the individual and current account statement of business entity
• Business profile
• Latest Form 26AS
• Memorandum and Articles of Association of the company

Also Check Home Loan EMI Calculator