Compare Home Loan rates in Mumbai, 2026.
Reviewed by Jay Patel· Last reviewed:
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.
Published/indicative home loan rate information for Mumbai, Maharashtra starts from 7.15% per annum in 2026. Loan amount, tenure, eligibility, pricing and approval depend on lender policy and applicant details.
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Review the available rate information for Mumbai; lender pricing and eligibility vary by applicant and property.
Published/Indicative Rates
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Home Loan Rates in Mumbai — Published/Indicative Comparison
Updated April 2026. Figures are published/indicative and may change; verify current lender terms.
| Bank | Rate (p.a.) | Key Feature |
|---|---|---|
| SBI | 8.25% – 9.15%Lowest shown | No prepayment charges on floating |
| BoB | 8.25% – 9.15%Lowest shown | 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: published/indicative home loan rate entries for Mumbai are shown from 8.25% per annum. Actual rate, eligibility and approval depend on lender policy, applicant profile, loan amount and property location.
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 a Home Loan application may progress in Mumbai
Typical steps run from application to disbursal; lender approval and disbursal decisions remain with the lender.
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Documentation & Filing
Use the lender's current checklist to compile documents in Mumbai. Submit the application through the channel the lender confirms and retain copies of everything provided.
Lender Sanction & Disbursal
Sanction and disbursal timing in Mumbai are controlled by the lender and may vary with underwriting, property checks, and documentation. Confirm current lender timelines and disbursal conditions.
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.
Areas listed for Home Loan in Mumbai
Localities included in the Mumbai reference data.
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