Best Home Loan rates in Mumbai, 2026.
Reviewed by Jay Patel· Last reviewed: stale
Mumbai, India's financial capital, commands the highest property prices in the country. The metro network expansion, coastal road project, and new Navi Mumbai airport are creating fresh micro-markets with strong appreciation potential across the western and central suburbs.
Best home loan rates in Mumbai, Maharashtra start from 7.15% per annum in 2026, with loans up to Rs 10 crore and tenure up to 30 years across 40+ banks. Money Matrix Hub is a free DSA loan-advisory service.
Why Choose Money Matrix Hub for Home Loan in Mumbai?
We maintain direct relationships with bank branches across Mumbai to negotiate the best deals for you.
Lowest Rates Guaranteed
Compare home loan rates from 15+ banks in Mumbai starting 7.15% p.a.
Mumbai Local Expertise
Our advisors know Mumbai's top areas: Andheri, Goregaon, Powai, Lower Parel and more.
100% Free Service
We earn from banks, not from you. Zero service charge, zero hidden costs.
48-Hour Sanction
Fast-track processing with dedicated bank contacts in Mumbai for quick sanctions.
Home Loan Rates in Mumbai — Bank-wise Comparison
Updated April 2026. Showing 15 banks serving Mumbai.
| Bank | Rate (p.a.) | Key Feature |
|---|---|---|
| SBI | 8.25% – 9.15%Lowest | No prepayment charges on floating |
| BoB | 8.25% – 9.15%Lowest | Baroda Home Loan scheme |
| PNB | 8.3% – 9.2% | PNB Housing scheme |
| Canara | 8.3% – 9.25% | Canara Home Loan scheme |
| Union | 8.3% – 9.2% | Union Home scheme |
| LIC | 8.3% – 9.35% | Griha Prakash scheme |
| HDFC | 8.35% – 9.25% | Digital application process |
| ICICI | 8.35% – 9.3% | iMobile instant eligibility |
| Bajaj | 8.35% – 9.5% | Flexi home loan (OD feature) |
| Axis | 8.4% – 9.35% | Power advantage for high-value loans |
| Federal | 8.4% – 9.45% | Strong NRI desk |
| Kotak | 8.45% – 9.4% | 811 Dream Home Loan |
| Tata | 8.45% – 9.5% | Tata brand trust |
| IDFC | 8.5% – 9.5% | Digital-first processing |
| Bandhan | 8.5% – 9.5% | Affordable housing focus |
Updated April 2026: 15 banks offer home loan in Mumbai from 8.25% per annum. Actual rate depends on applicant profile, loan amount, and property location in Mumbai.
Home Loan Eligibility in Mumbai
General eligibility criteria for home loan applicants in Mumbai, Maharashtra.
Salaried Applicants
- Age: 21 – 65 years
- Min Income: Rs 25,000/month
- Work Experience: 2 years
- CIBIL Score: 700+
- Property in Mumbai or Maharashtra
Self-Employed Applicants
- Age: 21 – 70 years
- Min Income: Rs 3 Lakhs/year ITR
- Business Vintage: 3 years
- CIBIL Score: 700+
- Business registered in India
How to Get a Home Loan in Mumbai — Step by Step
Our Mumbai team handles the entire process from application to disbursal.
Share Your Requirements
Tell us your Home Loan needs in Mumbai — amount, tenure preference, and property details. Our advisor will evaluate your profile within 30 minutes.
Compare 40+ Bank Offers
We fetch live rates from all banks in Mumbai and present you a side-by-side comparison showing rate, EMI, processing fee, and total interest payable.
Choose Your Best Offer
Pick the bank that suits you best based on rate, tenure flexibility, and service quality in Mumbai. We explain every term in plain language.
Documentation & Filing
Our team in Mumbai helps you compile the complete document set, fills out the application form, and submits it to the bank — saving you hours of branch visits.
Sanction & Disbursal
We follow up with the bank for swift processing. Expect sanction within 48 hours and disbursal within 7-10 working days in Mumbai. We stay with you until the last rupee is credited.
Documents Required for Home Loan in Mumbai
Keep these documents ready to speed up your home loan application in Mumbai.
For Salaried Applicants
- 1PAN Card & Aadhaar Card
- 2Last 6 months salary slips
- 3Last 2 years Form 16 / ITR
- 4Last 6 months bank statements
- 5Property documents (Agreement, Title deed)
- 6Passport-size photographs
- 7Address proof (utility bill / rent agreement)
For Self-Employed Applicants
- 1PAN Card & Aadhaar Card
- 2Last 3 years ITR with computation
- 3Last 3 years audited balance sheet & P&L
- 4Last 12 months bank statements (all accounts)
- 5Property documents (Agreement, Title deed)
- 6Business registration (GST, Udyam, Shop Act)
- 7Passport-size photographs
Home Loan in Mumbai — Frequently Asked Questions
Common questions about home loan in Mumbai, Maharashtra.
What are the current Home Loan rates in Mumbai in 2026?
Which bank offers the lowest Home Loan rate in Mumbai?
How much Home Loan can I get in Mumbai?
What documents are needed for a Home Loan in Mumbai?
How long does Home Loan processing take in Mumbai?
Other Loan Products in Mumbai
Explore more loan options available in Mumbai through Money Matrix Hub.
Popular Areas for Home Loan in Mumbai
Top localities in Mumbai where we serve the most borrowers.
Home Loan in Other Cities
Compare home loan rates and apply in 50+ cities across India.
Want Jay to compare your rate across 40+ banks?
Jay or Rushik will reply on WhatsApp — usually within a few hours. Free, no obligation.