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Home Loans in Mumbai - SBI, HDFC, PNB, Citi, ICICI Bank, All Banks

Home Loan Near Me, Lowest EMI Per Lakh

Last Updated 29th Nov 2021

Bank Interest Rate Tenure Lowest EMI Per Lakh
SBI 6.65% Floating
Check Best Offers
30 years ₹ 642
HDFC 6.70% Fixed
30 years ₹ 645
ICICI Bank 6.70% Fixed
30 years ₹ 645
Axis Bank 6.65% Fixed
30 years ₹ 642
PNB Housing Finance 6.99% Fixed
30 years ₹ 665
Bank of Baroda 6.50% Floating
30 years ₹ 632
Citibank 6.50% Fixed
25 years ₹ 675
  • HDFC Bank has 208 branches and Bank of Baroda has 131 branches in Mumbai.
  • There are 41 banks in Mumbai. Check Best Offers
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback
Mumbai

Types of Home Loans offered in Mumbai

In Mumbai, various Banks and NBFCs provide home loans at comparative interest rates. However, a home loan is a broader category that can further be distinguished into types of home loans, based on the purpose for which it is bought. These are listed as follows:

Type of Home Loan Purpose of the Loan
Home Purchase Loan A home purchase loan is a loan to buy a residential property such as a flat or an apartment.
Land Purchase Loan Land purchase loan is a loan to buy a plot for the construction of a house. The construction on the land must be completed under a prefixed time.
Construction Loan A construction loan is a loan to construct a house on a plot owned by the loan borrower.
Home Extension Loan A home extension loan is a loan for extending or expanding an already owned house. For instance, constructing a floor, room or balcony.
Home Improvement Loan Home improvement loans are loans for the renovation of a house. This loan is taken for activities like painting a house, revamping electric wiring, etc.
Home Loans for NRI NRI home loans are loans for non-residents Indians who wish to buy or construct a home in India. This loan involves a bit more documentation than other regular home loans.
Home Loan Top-Ups Home loan top-up allows borrowers to borrow an additional loan amount on an existing home loan.
Pre-Approved Home Loan Pre-approved loans are loans offered by the banks to their existing customers, based on the customer’s credit history and income stability.
Home Loan Balance Transfer A home loan balance transfer, allows borrowers to shift their home loan from an existing lender to another lender, who offers the loan at a lower rate.
Home Loan Overdraft Home loan overdraft allows borrowers to add surplus loan amounts in their linked savings and current account.

Documents Required for Home Loan in Mumbai

In order to avail of a home loan in Mumbai, loan applicants need to fulfill the documentation requirements. List of documents to avail a home loan are listed as follows:

  • Identity Proofs: Identity proof is required to ensure a person's identity. These include aadhar card, voter id card, PAN card, or Government-issued id cards.
  • Address Proofs: An address proof is mandated to avail of a home loan in order to ensure the residential details of the applicant. These include passport, driving license, utility bills like water, electricity, or gas.
  • Income Proofs: Income proofs are required to ensure the repayment capability of the loan borrower. These include documents like Form 16, salary slips, ITR documents, and bank statements.
  • Age Proofs: Age proof is submitted through documents like birth certificate, voter id card, driving license, school and college certificates, and mark sheets.
  • Proof of Business Existence: It is required in the case of self-employed people. Proof of business existence includes trade license, copy of partnership deeds, and registration certificates. Also, certificate of practice and degree if the applicant is a self-employed professional.
  • Property Documents: This includes documents like allotment letter, possession letter, and certificate of approved plans for construction and extension, conveyance deeds, and sale-purchase agreements.

Top Banks Offers Housing Loan in Mumbai

  • SBI Home Loan- The State Bank of India is one of the leading public sector banks in the country. It has many branches in Mumbai. The bank offers various home loan products such as SBI flexipay home loan, Privilege home loan, Realty home loans, among others. Home loan rates by SBI start from 6.65%. SBI offers special discounts on home loan rates for women borrowers.
  • HDFC Home Loan- HDFC home loan is another popular home loan lender in Mumbai. It offers various home loan products like HDFC TruFixed home loan, HDFC Reach home loan, etc. The interest rates on HDFC home loans in Mumbai begin from 6.70%.
  • ICICI Home Loan- ICICI Bank is the second-largest bank in the country. It offers home loans at affordable interest rates that are designed to fulfill the house needs of both salaried and self-employed people. Popular ICICI Bank home loan products in Mumbai include ICICI repo rate home loan, Express home loan, ICICI Home Improvement loans, among others. Interest rates on ICICI home loans in Mumbai starts from 6.70%.
  • Axis Bank Home Loan- Axis Bank is one of the most popular private-sector lenders in the country. The bank provides excellence in all banking services and loan products like home loans. Popular home loan products offered in Mumbai are Axis Bank repo rate home loan, Empower home loan, and Happy Ending home loans, amongst others. Axis bank home loan interest rates in Mumbai start from 6.90%.

HDFC Bank Home Loan Branches in Mumbai

15TH ROADKHARAGASHI VIRARAHURA CENTRE
Airoli 2AIRPORTS AUTHORITY OF INDIAAKRULI ROAD
ANDHERI WEST LOKHANDWALAANDHERI WEST SHOPPERS STOPANGRUTI
BADLAPURBALLARD ESTATEBANDRA EAST KALANAGAR
BANDRA WESTBHANDUPBHAYENDER EAST
BHULABHAI DESAI ROADBOMBAY MERCANTILE CO OP BANK 78 MOHAMEDALI ROAD 1BOMBAY MERCANTILE CO OP BANK 78 MOHAMEDALI ROAD 2
BOMBAY MERCANTILE CO OP BANK 89 MOHAMEDALI ROADBOMBAY MERCANTILE CO OP BANK ANDHERIBOMBAY MERCANTILE CO OP BANK AUGUST KRANTI MARG
BOMBAY MERCANTILE CO OP BANK BANDRABOMBAY MERCANTILE CO OP BANK COLABA CAUSEWAYBOMBAY MERCANTILE CO OP BANK DR AMBEDKAR MARG
BOMBAY MERCANTILE CO OP BANK EBRAHIM RAHIMTOOLA ROADBOMBAY MERCANTILE CO OP BANK GIRGAONBOMBAY MERCANTILE CO OP BANK JOGESHWARI
BOMBAY MERCANTILE CO OP BANK JOGESHWARIBOMBAY MERCANTILE CO OP BANK KHARABOMBAY MERCANTILE CO OP BANK KURLA
BOMBAY MERCANTILE CO OP BANK MAHIMBOMBAY MERCANTILE CO OP BANK MALADBOMBAY MERCANTILE CO OP BANK MAULANA AZAD ROAD
BOMBAY MERCANTILE CO OP BANK MELLO ROADBOMBAY MERCANTILE CO OP BANK NARIMAN STREETBOMBAY MERCANTILE CO OP BANK NULL BAZAR
BOMBAY MERCANTILE CO OP BANK PALTON ROADBOMBAY MERCANTILE CO OP BANK SANTACRUZBOMBAY SCOTTISH EXTN CTR
BORIVALI EASTBORIVALI WESTBORIVALI WEST SUMER NAGAR
BORIVILI EASTBYCULLACHANDIVLI FARM ROAD
CHARNI ROADCHEMBURCHEMBUR C G ROAD
CHICKOO WADI BORIVALI WESTCHOWPATTYCLARE ROAD BYCULLA
COLABACRAWFORD MARKETCST MUMBAI VT
CUFFE PARADE MUMBAIDADARDAHISAR
DOMBIVALI EASTEXPRESS TOWERS NARIMAN PTFORT
GHATKOPAR WESTGHATKOPER EASTGOREGAON EAST
GOREGAON WEST JAWAHAR NAGARGOREGOAN EASTGOVANDI
GRANT ROADHUGHES ROADI C COLONY
J B NAGARJ P ROADJAWHAR
JOGESHWARIJOGESHWARI VIKHROLI LINK ROADJOGESHWARI WEST OSHIWARA
JUHU GULMOHAR ROADJUHU TARA ROADJuinagar
JVPD SCHEME JUHUKailash Corp LoungeKAILASH NAGAR GHATKOPAR
KALAMBOLIKALINAKALWA
KAMALA MILLS EXTN CTRKamotheKANDERPADA
KANDIVALI EASTKANDIVALI EASTKANDIVALI EXT COUNTER
KANDIVALI West S V ROADKANDIVILI CHARKOPKANDIVILI LOKHANDWALA
KANDIVILI WESTKANJUR MARGKanjurmarg West
KARJATKHADAKPADAKHAR WEST
KHARGHARKharghar Sector 12KHOPOLI MAHARASHTRA
Kolshet BramhandKOPRI COLONYKURLA
L B S MARG MULUNDLONAVALAMAHAD
MAHESHWARI UDYAN MATUNGAMAKER CHAMBERS IIIMakhmali Talao
MALABAR HILLMALAD EASTMALAD EAST GOVIND NAGAR
MALAD SAHKARI BANK RANI SATI MARGMALAD WEST LINK ROADMALAD WEST MARVE ROAD
MALAD WEST SUNDER NAGARMARATHA SAHAKARI BANK ANDHERIMARATHA SAHAKARI BANK BHANDUP
MARATHA SAHAKARI BANK BORIVALI WESTMARATHA SAHAKARI BANK COLABAMARATHA SAHAKARI BANK DAHISAR
MARATHA SAHAKARI BANK GORAI ROADMARATHA SAHAKARI BANK VILEPARLEMARINE DRIVE
MAROLMATUNGA EASTMATUNGA WEST
MazgaonMIDC CROSS ROADMIDC DOMBIVLI
MIRA ROAD EASTMISTRY BHAVAN EXTN CTRMODEL CO OP BANK FORT
MOHAMED ALI ROADMOHOPADA PATALGANGAMULUND EAST
MULUND SAGAR GARDENMULUND WEST DEVI DAYAL ROADMULUND WEST SHANKARDHAN PLAZA
MUMBAI CENTRALMUMBAISION TROMBAY ROADNAIGAON EAST
NAIGAON WESTNALASOPARA EASTNAVI MUMBAI CBD BELAPUR
NERALNerul WestNEW DADAR
NEW MARINES LINESNHAVASHEVANULL BAZAR
PALGHARPALI HILL BANDRAPALI ROAD
PANVELPARELPATAN COOPERATIVE BANK F ROAD
POWAIPRABHADEVIRAIGAD SAHKARI BANK KALACHOWKI
RANADE ROADRELIANCE CORPORATE PARK NAVI MUMBAIRELIANCE EXTN CTR DAKC
ROHA ASHTAMIRTGS HOS K AHIRE MARG
SAHAR ROADSAI BABA NAGARSAMARTH NAGAR
SANDOZ HOUSESANPADASANTACRUZ
SANTACRUZ EASTSANTACRUZ WESTSAPHALE
SEA WOODSSEVEN BANGLOWS ANDHERI WestSHAHAPUR
SHERESION EASTTaloje Majkur
TARDEOTHANE HIRANANDANI MEADOWSTHANE WEST
TIRUPATI URBAN COOP BANK KALBA DEVITULSI PIPE ROADTULSIANI CHMBRS NARIMAN PT
ULHASNAGAR CAMP 4URANVARTAK NAGAR
VASAI EASTVASANT VIHAR THANEVashi Sec 19
VERSOVAVIKHROLIVIKRAMGAD
VILE PARLE EASTVILE PARLE WESTVIRAR EAST
VIRAR WESTVISHAL HALL ANDHERI EASTWADA
WADALAWORLI SEA FACEYOGI NAGAR BORIVALI
ZAVERI BAZAAR

Bank of Baroda Home Loan Branches in Mumbai

ALTAMOUNT RDAMBOLIANDHERI EAST TELLI PARK ROAD
ANDHERI WEST SV ROADASHOKVANB D ROAD
B K COMPLEXBACKBAY RECLAIMATIONBALLARD ESTATE
BALLARD PIERBANDRA WESTBHANDUP
BHAT BAZARBHAUDAJI RDBHAYANDER EAST
BORIVALI EAST SV ROADBORIVALI WEST JAYA TALKIESBUSINESS FIN
BYCULLAC P TANKCENTRAL AVENUE POWAI
CFS FORTCHAKALACHARKOP
CHEMBURCHUNABHATTICMS CENTRAL OPERATIONAL HUB
COLABACRAWFORD MKTCUFFE PARADE
DAHISARDAHISAR EASTFORT UNIVER
GAMDEVIGHATKOPAR EAST RAJWADI ROADGHATKOPAR WEST MG ROAD
GORAI BORIVALI WESTGOREGAON EASTGOREGAON WEST
GOVANDIGOWALIA TANKGULALWADI
INDIAN OIL NAGARJACOB CIRCLEJOGESHWARI CAVES ROAD
JOGESHWARI WEST S V ROADKALINAKANDIVALI WEST SV ROAD
KANDIVLI EAST ASHOK NAGARKANJUR MARG WESTKHAND BAZAR
KHARKHETWADILALBAUG
LBS MARGLBS MARGLBS ROAD KURLA WEST
LBS ROAD MULUND WESTLOKHANDWALA COMPLEXMAHAVIR NAGAR BR
MAHIM MUMBAIMALAD EASTMALAD KANDIVALI LINK ROAD
MALAD WESTMALBAR HILLMANDVIBOMBA
MANGALDAS MRMARINE DRIVEMAROL MAROSHI
MATUNGA C RDMEMONWADAMID CORPORATE JOGESHWARI
MID CORPORATE MUMBAIMIDC ANDHERI EASTMIDCORPORATE BANDRA
MINARA MASJIDMINDSPACE MALAD WESTMORLAND ROAD
MOUNT POINSUR MUMBAIMSA BOMBAYMULJI JETHA
MULUND EASTMULUND WESTMUSTAFA BAZAR
NARIMAN POINTNEFT SERVICE CENTRENEPEANSEA RD BRANCH
NRI BRANCHNULL BAZAROMINI BOB CONTROL CENTRE
OPERA HOUSEOSHIWARA LINK ROAD JOGESHWARIPALI ROAD BANDRA
PBBPOWAI BOMBAYPRABHADEVI
PRARTHNA SAMPREMIER ROADPRINCESS ST
RABALE NAVI MUMBAIRTGS HOSAIBABA NAGAR
SAKINAKASAMACHAR MARGSANTACRUZ E
SANTACRUZ WSECTOR 4 ULHAS NAGARSEVEN BUNGLOWS VERSOVA
SEWREESHIMPOLISHIVAJI PARK
SIONSIR P M ROADSPECIALISED MORTGAGE LOAN
SUNDERNAGAR GOREGAON WTARDEO ROADTHAKUR VILLAGE
THAKURDWARTILAK NAGARV P ROAD
VAKOLA SANTACRUZ EASTVALLABH BAUG LANEVEENANAGAR
VERSOVAVIKHROLIVILE PARLE EAST
VILE PARLE WESTWADALAWALKESHWAR
WORLIZAVERI BAZAR

FAQs

What is the lowest interest rate on a home loan in Mumbai?

The interest rates on home loan vary from bank to bank. The lowest rate of interest rate on housing loan in Mumbai is 6.50%.

How long does it take to get a housing loan in Mumbai?

Home loan disbursement to your account usually takes 15-30 days. However, if you have not finalized any property or any of the document is incomplete then it may even take more time to get home loan in Mumbai.

What is the minimum income requirement to get home loan in Mumbai?

The income criteria to get home loan varies from bank to bank. However, the minimum income to apply for a home loan in Mumbai is ₹ 25,000.


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Home Loan News - Nov 2021
  • 2021-11-23 : RBI Reports Jump in Digital Loan Disbursement
    As per the Reserve Bank of India, the overall volume of digital loan disbursement by banks and non-banking financial institutions has increased 12 fold between 2017 to 2020. As a result, the number has increased to Rs. 1.42 Lakh crores.
  • 2021-11-18 : Bank Credit Grows At 7.14 percent And Deposits 11.4 percent
    According to the RBI, bank credit has grown to 7.14% and deposits 11.4%. Bank loans stood at Rs 104.19 lakh crore and deposits at Rs 144.03 lakh crore. In the previous fortnight ended October 2021, bank credit had grown by 6.84 per cent and deposits by 9.94 per cent.
  • 2021-11-17 : Indian Overseas Bank Lowers Yearly Profit
    State-owned Indian Overseas Bank has reported a downward profit of Rs 646 cr for 2020-21. The profit is after reporting a divergence in asset classification and provisioning for bad loans.
  • 2021-11-16 : LIC Housing Finance Increases Home Loan Rates
    LIC Housing Finance has revised the home loan interest rate from 6.00% to 6.66%. The processing fee is Rs 10,000 and maximum tenure is 30 years.
  • 2021-11-16 : HDFC Bank Announces Campaign for Financial Frauds
    HDFC Bank has announced that it will hold the second edition of the campaign titled Mooh Band Rakho. The campaign aims to hold around 2,000 workshops to prevent financial frauds.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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