Compare Home Loan Interest Rate Offered by Various Banks & HFCs in Mumbai
Name of Lender | Loans Up to Rs. 30 Lakh | Loans Above Rs. 30 Lakh to Rs. 75 Lakh | Loans Above Rs. 75 Lakh | |
SBI | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | 7.50%-8.70% p.a. | Check Eligibility |
HDFC Bank Limited | 8.15% p.a. onwards | 8.15% p.a. onwards | 8.15% p.a. onwards | Check Eligibility |
Bajaj Housing Finance | 7.49% p.a. onwards | 7.49% p.a. onwards | 7.49% p.a. onwards | Check Eligibility |
ICICI Bank | 8.00% p.a. onwards | 8.00% p.a. onwards | 8.00% p.a. onwards | Check Eligibility |
Axis Bank | 8.35%-11.90% p.a. | 8.35%-11.90% p.a. | 8.35%-11.90% p.a. | Check Eligibility |
Federal Bank | 9.15% p.a. onwards | 9.15% p.a. onwards | 9.15% p.a. onwards | Check Eligibility |
Punjab National Bank | 7.55% - 9.35% p.a. | 7.50% - 9.25% p.a. | 7.50% - 9.25% p.a. | Check Eligibility |
Kotak Mahindra Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
Canara Bank | 7.50%-10.25% p.a. | 7.45% – 10.25% p.a. | 7.40% – 10.15% p.a. | Check Eligibility |
IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
IDBI Bank | 7.75% p.a. onwards | 7.75% p.a. onwards | 7.75% p.a. onwards | Check Eligibility |
Punjab & Sind Bank | 7.55% - 10.75% p.a. | 7.55% - 10.75% p.a. | 7.55% - 10.75% p.a. | Check Eligibility |
RBL Bank | 8.20% p.a. onwards | 8.20% p.a. onwards | 8.20% p.a. onwards | Check Eligibility |
Tata Capital Housing Finance | 7.99% p.a. onwards | 7.99% p.a. onwards | 7.99% p.a. onwards | Check Eligibility |
PNB Housing Finance | 8.25% - 11.50% p.a. | 8.25% - 11.50% p.a. | 8.25%-12.35% p.a. | Check Eligibility |
Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
Aditya Birla Capital | 8.25% p.a. onwards | 8.25% p.a. onwards | 8.25% p.a. onwards | Check Eligibility |
India Shelter Home Loan | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | 10.00% - 24.00% p.a. | Check Eligibility |
L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
Home First Finance | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | 11.90% - 15.00% p.a. | Check Eligibility |
Easy Home Finance | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | 8.99% - 18.00% p.a. | Check Eligibility |
Piramal Capital Housing Finance | 9.50% p.a. onwards | 9.50% p.a. onwards | 9.50% p.a. onwards | Check Eligibility |
Cholamandalam Investment and Finance | 10.00% - 19.00% p.a. | 10.00% - 19.00% p.a. | 10.00% - 19.00% p.a. | Check Eligibility |

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Home Loan Features
- Home Loan interest rates are offered from 7.25% 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 existing home loan borrowers
- 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.

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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

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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

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