Are you looking for home loans in Mumbai? Check instant quotes on Loan Amount, EMI per month, Lowest Interest Rates, Processing Fees, Pre Payment charges, Loan disbursal time period, Application Status, Income Tax benefits online through Emicalculator-India.com
Question arise in this field are? When you will want to take a loan, how much loan amount, location of property, is property coming under Lal Dora or Approved under MCD, DDA Land.
Home Loan in Mumbai – Quick & Online Approval
Mumbai, formerly called Bombay, is a sprawling, densely populated city on India’s west coast. On the Mumbai Harbour waterfront stands the iconic Gateway of India stone arch, built by the British Raj in 1924. Offshore, nearby Elephanta Island holds ancient cave temples dedicated to Shiva. The city is also famous as the heart of the Hindi-language Bollywood film industry.
Mumbai is India’s largest city (by population) and is the financial and commercial capital of the country as it generates 6.16% of the total GDP.
It serves as an economic hub of India, contributing 10% of factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India’s foreign trade and ₹4,000 crore (US$590 million) in corporate taxes.
Bank Branches in Mumbai for Home Loans
Axis Bank Ltd – Loan Centre, 5th Floor, Harbhajan Building, CST Road, Opp. Raheja Central, Nr.Nafa Bus Stop, Kalina, Santacruz East, Mumbai-400098
PNB – Ground Floor, Lok Chambers, Marol Maroshi Raod, Near Fire Brigade, Marol Maroshi, Andheri (E),Pincode : 400059
Syndicate Bank – No-4 & 5, Kartar Bhavan, Arthur Bunder Road, Colaba Causeway, Haji Miyaz Road, Apollo Bandar, Colaba, Mumbai, Maharashtra 400005
HSBC – 52/60, MG Road, Fort, Mumbai, Maharashtra 400001
Dena Bank – 36, Opposite Shreyas Cinema Bus Stop, Sanghani Estate, Lal Bahadur Shastri Marg, Sainath Nagar, Ghatkopar West, Mumbai, Maharashtra 400086
Kotak Bank – Plot No.10, Maitri, North South Road Number 10, Nutan Laxmi Colony, Juhu, Mumbai, Maharashtra 400049
South Indian Bank – 163 to 165, Ground Floor, Anand Bhavan Building, Vithalbhai Patel Road, Girgaon, Mumbai, Maharashtra 400004
Corporation Bank – 301-302, The Eagle’s Flight, Suren Road, Off Andheri-kurla Road, Andheri East, Andheri East, Mumbai, Maharashtra 400093
kapol Co-op Bank – Syndicate Chambers, Ist floor, 21, Sahar Rd, Andheri East, Mumbai, Maharashtra 400053
Vijaya Bank – No. 81, Hill Rd, Ranwar, Bandra West, Mumbai, Maharashtra 400050
Canara Bank – I Floor, Jayabhadra Villa, Opposite MTNL Telephone Exchange, Vallabhbhai Patel Rd, Borivali West, Mumbai, Maharashtra 400092
Andhra Bank – 9/15, Bansilal Mansion, Nanavati Mahalaya, 18, Homi Modi St, Kala Ghoda, Fort, Mumbai, Maharashtra 400023
HDFC Ltd – 2nd Floor, Rajgir Chambers, Near Chinai College, Old Nagardas Road, Andheri -East, Mumbai, Maharashtra 400069
HDFC Ltd – A14 GROUND FLOOR, THE LEELA GALLERIA, ANDHERI-KURLA ROAD, ANDHERI EAST, Mumbai, Maharashtra 400059
SBI – Bldn No-30, Prerna Property Housing Society, Near kurla Station, Nehru Nagar, Kurla East, Mumbai, Maharashtra 400024
State Bank of India – Maharshi Dayanand Saraswati Marg, Chembur Gaothan, Chembur, Mumbai, Maharashtra 400071
SBI – Prakash Thorat Marg, Tilak Nagar, Kurla East, Mumbai, Maharashtra 400089
ICICI Bank – Rajmohalla, 177, Jawahar Rd, Ghatkopar East, Mumbai, Maharashtra
ICICI Bank – Pattathu House,, 45-C, Kalina Kurla Rd, Kalina, Santacruz East, Mumbai, Maharashtra 400029
ICICI Bank – Unit No-1, Amar Industrial Estate, Amar Brass Compund Kalina Road,, CST Road, Kalina, Mumbai, Maharashtra 400098
ICICI Bank – Shop No. 3, Building No. 10, Samrat chs,, Sector 5, Nehru Nagar, Kurla East, Mumbai, Maharashtra 400024
Canara Bank – G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051
DHFL – Premises no. 508, 509, 5th Floor, Anjani Complex, Opp. Guru Nanak Petrol Pump, Parera Hill Road, Andheri (East), Mumbai – 400099.
DHFL – HDIL Towers, Ground Floor, Anant Kanekar Marg, Station Road, Bandra (East), Mumbai – 400051
Bank of Baroda – Senapati Bapat Marg Mahim United Industrial Estate, Mahim Mumbai, Maharashtra 400016
Union Bank of India – No. 82/H, Gold Filled Plaza, Sion Bandra Link Road, Near ONGC Building, Mumbai, Maharashtra 400017
Union Bank – Mahajan Mills Compound, Lal Bahadur Shastri Marg, Vikhroli West, Mumbai, Maharashtra 400079
Key Highlight of Home Loans
|Lowest Interest Rates for Women||
|Maximum Loan Amount||
Upto 90% of property value or 72 times of monthly Income
|Minimum Loan Amount||
|Minimum Repayment period||
2 Years in Fixed Rate Option / 5 Years in Floating Rates option
|Minimum Per Month Income Required||
Upto 1% of loan amount
|Fore Closure Charges / Pre Payment Charges||
|Part Payment Charges||
Papers of Property / Flat / House
75 – 90% of property value
|Maximum Repayment Period||
|Minimum Per Month EMI Per Lakh||
Rs.783 for Women / Rs.787 for Others
Minimum 8-16 Days
|Online Apply Service||
Yes – Click Here
|Proof of Identity and Address||Passport or Voter's ID card or Driving License or Job Card issued by NREGA or Adhaar Card or PAN card (PAN Card only as identity proof) or any other document as acceptable to the Bank|
|Proof of income||Latest 3 Months salary slip showing all deductions and Form 16||IT returns for the last 2 years and computation of income for the last 2 years certified by a CA|
|Bank statement or Pass Book where salary or income is credited||Last 6 months||Last 6 months|
Interest can be claimed as a deduction under Section 24. You can claim up to Rs. 200,000 (Rs. 150000/- up to A.Y. 2014-15) or the actual interest repaid whichever is lower. (You can claim this interest only when you are in possession of the house)
Principal can be claimed up to the maximum of Rs. 150,000 (Rs. 100000/- up to A.Y. 2014-15) under Section 80C. This is subject to the maximum level of Rs 150,000 (Rs. 100000/- up to A.Y. 2014-15) across all 80C investments.
You will need to show the statement provided by the lender showing the repayment for the year as well as the interest & principal components of the same.
Home Loan EMI Calculator
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Home Loan EMI Calculator Mumbai
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