Securing a home in Mumbai is the ultimate dream for millions. In a city where every square foot counts, finding the right home loan is the most critical step toward property ownership. Whether you're targeting a high-rise in South Mumbai, a modern complex in BKC, or an emerging hub in Navi Mumbai and Thane, the mortgage market offers diverse paths for every income group. Our guide details the latest home loan interest rates, eligibility criteria, and digital application processes curated for the Mumbai real estate market.
At Myloan, we understand Mumbai's fast-paced property world, offering experts who help you secure pre-approved loans with the lowest interest rates and fastest turnarounds.
| Bank Name / Lender | Up to ₹30 Lakh | ₹30L – ₹75 Lakh | Above ₹75 Lakh |
|---|---|---|---|
| Bank of India | 7.35% onwards | 7.35% onwards | 7.35% onwards |
| Bank of Baroda | 7.45% onwards | 7.45% onwards | 7.45% onwards |
| Bajaj Housing Finance | 7.49% onwards | 7.49% onwards | 7.49% onwards |
| SBI Bank | 7.50% onwards | 7.50% onwards | 7.50% onwards |
| HDFC Bank | 7.50% onwards | 7.50% onwards | 7.50% onwards |
| LIC Housing Finance | 7.50% onwards | 7.50% onwards | 7.50% onwards |
| PNB | 7.50% – 11.05% | 7.50% – 11.05% | 7.50% – 11.05% |
| Axis Bank | 7.60% – 10.30% | 7.60% – 10.30% | 7.60% – 10.30% |
| TATA Capital | 7.70% onwards | 7.70% onwards | 7.70% onwards |
| Kotak Mahindra Bank | 7.99% onwards | 7.99% onwards | 7.99% onwards |
| ICICI Bank | 8.55% onwards | 8.55% onwards | 8.55% onwards |
*Indicative rates. Repayment capacity and property type affect final offers. Consult Myloan for specific Mumbai-based mortgage options.
In Mumbai, where property costs are high, adding a working co-applicant (like a spouse) can significantly boost your total loan eligibility and increase your purchasing power.
Standard mortgage for purchasing a new or resale apartment in any Mumbai neighborhood.
Ideal for people building a bungalow or house on a plot they own (common in extended suburbs).
Dedicated funds for purchasing residential-zoned plots for future house building.
Finance your interior upgrades, modern updates, or structural repairs to your Mumbai residence.
Move your existing high-rate home loan to a better lender for massive interest savings.
Mortgage solutions for Non-Resident Indians seeking to invest in the Mumbai property market.
| Bank | Fee Detail |
|---|---|
| HDFC Bank | 0.50% (Min ₹3,300) |
| SBI | 0.35% of loan amount |
| Axis Bank | 1.00% of loan amount |
| ICICI Bank | 0.50% of loan amount |
| Canara Bank | 0.50% of loan amount |
| LIC HFL | Rs 0.25% of loan amount |
| Bajaj HFL | Up to 4.00% |
Determine your limit using Myloan's expert eligibility tools.
Analyze and pick the best offer from 20+ leading banks.
Assemble your financial and property-related paperwork.
Apply via Myloan's digital portal for rapid Review.
Lenders perform document verification and credit background check.
Funds are released so you can finalize your Mumbai property buy.
Pay bills on time and keep credit utilization below 30%.
Clearing small loans before applying boosts EMI capacity.
A higher down payment reduces lender risk and your interest.
Show minimum 2 years of steady work for better trust.
Add a working spouse/family member to increase total eligibility.
Connect with Myloan experts for specialized guidance in Mumbai.
We are a dedicated financial partner with over ₹500 Cr+ in loan transactions. Our strategic ties with 20+ top banks give you exclusive access to the lowest rates and a 100% digital process with approvals in just 1-2 weeks.