Bank of India
7.10% p.a. onwards
Max tenure 30 yrsFee 0.25% of loan amount (min ₹1,500, max ₹20,000)
Home Loan in Mumbai
Compare home loan interest rates from 40+ banks and housing finance companies lending in Mumbai (Bombay). India's financial capital (BKC, Lower Parel, Powai), with a metro network under rapid expansion, Atal Setu and the new Navi Mumbai airport opening up affordable MMR suburbs. See rates, fees, popular localities, Maharashtra stamp duty and EMI before you choose, and Butter Money handles the paperwork until disbursal.
- 40+ Lenders
- Competitive Rates
- Expert Assistance
%
Rates from
7.10%
p.a.*
Max tenure
32 yrs
most lenders
Max funding
90%
loans up to ₹30 L
Lenders
32
in Mumbai
*Lowest advertised rate across lenders · Rates updated 3 Nov 2026 · Final pricing depends on your credit profile, income, loan amount and property.
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Top Home Loan Offers in Mumbai
Lowest starting rates this month from lenders active in Mumbai.
LIC Housing Finance
7.15% p.a. onwards
Max tenure 30 yrsFee ₹15,000 + GST
Union Bank of India
7.15% p.a. onwards
Max tenure 30 yrsFee ₹10,000 + GST
Bajaj Housing Finance
7.20% p.a. onwards
Max tenure 30 yrsFee ₹5,000 + GST
Compare Home Loan Rates in Mumbai
Indicative starting rates, fees and funding limits · updated 3 Nov 2026
| Lender | Rate (p.a.) | Processing fee | Max tenure | Max LTV | Action |
|---|---|---|---|---|---|
| Bank of IndiaPublic sector bank | 7.10% | 0.25% of loan amount (min ₹1,500, max ₹20,000) | 30 yrs | 75% | Check → |
| LIC Housing FinanceHousing finance company | 7.15% | ₹15,000 + GST | 30 yrs | 90% | Check → |
| Union Bank of IndiaPublic sector bank | 7.15% | ₹10,000 + GST | 30 yrs | 75% | Check → |
| Bajaj Housing FinanceHousing finance company | 7.20% | ₹5,000 + GST | 30 yrs | 90% | Check → |
| Canara BankPublic sector bank | 7.20% | ₹10,000 + GST | 30 yrs | 75% | Check → |
| Central Bank of IndiaPublic sector bank | 7.20% | ₹10,000 + GST | 30 yrs | 75% | Check → |
| Punjab National BankPublic sector bank | 7.20% | ₹5,000 + GST | 30 yrs | 75% | Check → |
| Bank of MaharashtraPublic sector bank | 7.25% | Nil | 30 yrs | 75% | Check → |
| Federal BankPrivate bank | 7.25% | ₹20,000 + GST | 30 yrs | 85% | Check → |
| South Indian BankPrivate bank | 7.25% | ₹15,000 + GST | 30 yrs | 80% | Check → |
| Punjab & Sind BankPublic sector bank | 7.30% | 0.10% of loan amount | 30 yrs | 75% | Check → |
| Axis BankPrivate bank | 7.35% | ₹10,000 + GST | 30 yrs | 80% | Check → |
| Bank of BarodaPublic sector bank | 7.35% | ₹4,130 + GST | 30 yrs | 75% | Check → |
| IDBI BankPrivate bank | 7.35% | ₹15,000 + GST | 30 yrs | 75% | Check → |
| ICICI BankPrivate bank | 7.40% | ₹5,000 + GST | 30 yrs | 80% | Check → |
| HDFC BankPrivate bank | 7.45% | ₹10,550 + GST | 30 yrs | 88% | Check → |
| HSBC BankForeign bank | 7.45% | ₹10,000 + GST | 25 yrs | 80% | Check → |
| State Bank of IndiaPublic sector bank | 7.50% | Salaried customer max: ₹15,000 + GST | 30 yrs | 75% | Check → |
| TATA CapitalNBFC | 7.60% | ₹12,000 + GST | 30 yrs | 90% | Check → |
| L&T FinanceNBFC | 7.65% | ₹10,000 + GST | 30 yrs | 75% | Check → |
| IDFC FIRST BankPrivate bank | 7.75% | 1.50% + GST | 32 yrs | 80% | Check → |
| Mahindra FinanceHousing finance company | 8.00% | 0.50% + GST | 30 yrs | 80% | Check → |
| Godrej FinanceHousing finance company | 8.34% | ₹11,000 + GST | 30 yrs | 80% | Check → |
| YES BankPrivate bank | 8.35% | ₹5,000 + GST | 30 yrs | 80% | Check → |
| IndusInd BankPrivate bank | 8.45% | 0.125% of loan amount + GST | 30 yrs | 90% | Check → |
| Navi FinservNBFC | 8.45% | ₹0 + GST | 30 yrs | 90% | Check → |
| DBS BankForeign bank | 8.70% | ₹10,000 + GST | 30 yrs | 90% | Check → |
| Truhome FinanceHousing finance company | 9.50% | 1% + GST | 30 yrs | 80% | Check → |
| Piramal FinanceNBFC | 9.90% | 1% + GST | 30 yrs | 80% | Check → |
| Utkarsh Small Finance BankSmall finance bank | 11.00% | 0.10% of loan amount | 30 yrs | 75% | Check → |
| Vridhi FinservHousing finance company | 12.00% | — | 30 yrs | 75% | Check → |
| Vastu Housing FinanceHousing finance company | 12.50% | ₹3,000 + GST | 20 yrs | 80% | Check → |
LTV shown within RBI limits: up to 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh.Compare all lenders →
Mumbai Home Market: What Buyers Should Know in 2026
MMR is India's largest housing market by volume, recording the highest sales of any city in Q3 2026 with launches up 27% YoY (Anarock). Island-city prices remain the country's highest, so mid-income demand is moving to Thane and Navi Mumbai, helped by Atal Setu and the new Navi Mumbai airport.
31,750
residential sales (mmr), Q3 2026 (Jul–Sep)
+5% YoY37,500
new launches (mmr), Q3 2026 (Jul–Sep)
+27% YoY₹36,881/sq ft
avg. price, H1 2026 (Jan–Jun)
+5% YoY72,804
residential sales (9 months), Jan–Sep 2026
+1% YoYSource: Anarock; Knight Frank India.
Popular Areas to Buy a Home in Mumbai
Choose by budget, commute and employment hub, not just popularity.
| Area | Price (₹ / sq ft) | Connectivity | Best for |
|---|---|---|---|
| Andheri West | ₹41,550 (avg) | Metro Lines 1, 2A & 7; Western Railway; WEH | Media and commercial professionals |
| Powai | ₹40,150 (avg) | JVLR; Metro Line 6 (under construction) | Corporate and tech professionals (Hiranandani business district) |
| Goregaon | ₹32,900–33,000 (avg) | Metro 2A & 7; WEH; Goregaon–Mulund Link Road (under construction) | Western suburbs families |
| Chembur | ₹32,650 (avg) | Eastern Freeway; Monorail; Harbour line | Quick access to BKC and South Mumbai |
| Borivali | ₹30,550–30,650 (avg) | Western Railway; Metro 2A & 7; WEH | Upgraders in the north-west suburbs |
| Thane West | ₹18,600 (avg) | Eastern Express Highway; Central Railway; Metro Line 4 (under construction) | Mid-income families wanting larger homes |
| Kharghar | ₹17,750 (avg) | Navi Mumbai Metro Line 1; Sion–Panvel Highway | Planned-city living in Navi Mumbai |
| Ulwe | ₹15,200 (avg) | Atal Setu (MTHL); next to Navi Mumbai International Airport | Budget buyers and airport-corridor investors |
Indicative weighted-average rates from HomeBazaar (page updated 12 Oct 2026); Thane West from Square Yards (Sep–Oct 2026 asking price). Portal figures, not transaction data.
Home Loan for Different Property Types in Mumbai
What lenders check before they fund each kind of property.
Ready to move
Full disbursal at registration. Lenders check the occupancy certificate (OC), the approved plans and the title.
Under construction
Paid in stages as the building rises. The project must be MahaRERA registered; check which banks have approved it.
Resale
Lenders verify the title chain, the society share certificate and the society NOC. CIDCO or MHADA leasehold flats also need the authority's transfer NOC.
Plot + construction
Most banks fund only NA (non-agricultural) plots with clear title; CIDCO leasehold plots need CIDCO's consent. Funding limits are usually lower than for flats.
RERA registration is not the same as bank approval.
Check a project on Maharashtra Real Estate Regulatory Authority (MahaRERA), then ask us which lenders have approved it.
Home Buying Costs in Mumbai
Maharashtra charges on a ₹1 crore home (male buyer)
Stamp Duty (6%)₹6,00,000
Registration (1% capped at ₹30,000)₹30,000
Total government charges₹6,30,000
Stamp-duty concession for women (Maharashtra): Women buyers get 1% lower stamp duty on residential property (e.g. 5% instead of 6% in municipal-corporation areas), subject to state conditions.
CERSAI registration: One-time fee when the lender records the mortgage on CERSAI: ₹50 for loans up to ₹5 lakh, ₹100 above (plus GST).
GST on under-construction homes: 1% for affordable housing (up to 60 sq m carpet in metros / 90 sq m elsewhere and value up to ₹45 lakh), 5% for other homes; no GST on ready homes with an occupancy certificate.
Legal & technical checks: Lenders usually charge a small one-time fee for an independent title check and a property valuation; it varies by lender and is sometimes part of the processing fee.
Mortgage (MODT) stamp duty: 0.1% of the loan up to ₹5 lakh (minimum ₹100); above that, 0.3% of the loan, capped at ₹20 lakh.
Mortgage registration (if a registered deed is used): 1% of the loan amount, maximum ₹30,000. An equitable mortgage by deposit of title deeds needs no registration.
Also plan for the down payment, processing fee, legal & technical checks, mortgage registration (MODT), CERSAI and GST on under-construction homes.
Effective from 1 Apr 2022 · Source: IGR Maharashtra
Calculate stamp duty for your home →Mumbai Home Loan EMI Calculator
Starts at the lowest Mumbai rate. Move the sliders to see how the loan amount, rate and tenure change your EMI.
₹1,00,00,000
₹10,00,000₹10,00,00,000
%7.1
6%20%
Yrs15
1 Yr30 Yrs
YOUR MONTHLY EMI
₹90,443
for 15 years at 7.1% p.a.
Principal amount
₹1,00,00,000
Total interest
₹62,79,709
Total amount payable₹1,62,79,709
Illustrative calculation based on the selected rate. The rate defaults to 7.1% p.a., the best applicable starting rate. Your actual EMI depends on the rate offered to you.
Home Loan & Housing Schemes in Maharashtra
Central
PMAY-U 2.0 interest subsidy
Eligible EWS/LIG/MIG households can get an interest subsidy on their first home loan. Check current eligibility before applying.
Official scheme details ↗Mumbai
MHADA Mumbai Board lottery
Government-priced homes allotted by lottery across income groups; the 2026 Mumbai lottery offered 2,640 homes (registration from 30 Mar 2026).
Official scheme details ↗Mumbai
CIDCO housing lottery (Navi Mumbai)
CIDCO sells affordable and mass-housing flats in Navi Mumbai nodes by lottery or first-come-first-served.
Official scheme details ↗How to Apply for a Home Loan in Mumbai
- 1
Check eligibility
Soft check, no CIBIL impact
- 2
Compare lenders
Offers from 40+ lenders
- 3
Shortlist property
RERA, title and local approvals
- 4
Submit documents
Digital, one upload
- 5
Sanction & disbursal
Legal and technical check, then disbursal
Mumbai Home Loan FAQs
What is the lowest home loan interest rate in Mumbai?
Home loan rates in Mumbai start from 7.10% p.a. (Bank of India) as of 3 Nov 2026. Your rate depends on your CIBIL score, income, loan amount and the property.
Which banks give home loans in Mumbai?
Public sector banks, private banks and housing finance companies all lend in Mumbai, including Bank of India, LIC Housing Finance, Union Bank of India, Bajaj Housing Finance, Canara Bank, Central Bank of India. Butter Money compares 32 lenders for your profile.
How much are stamp duty and registration in Mumbai?
stamp duty (6%), registration (1% capped at ₹30,000), about ₹6,30,000 on a ₹1 crore home (male buyer). Some states charge less for women buyers; check the costs section above for the details.
What is the maximum home loan tenure in Mumbai?
Lenders in Mumbai offer up to 32 years, limited by your age when the loan ends (usually 60–70 years).
Do I need a society NOC to buy a resale flat in Mumbai?
Banks usually ask for a society NOC, share certificate and maintenance-dues letter before disbursing a loan on a resale flat, even though the society cannot unreasonably block a transfer. Get these documents early to avoid delays at disbursal.
Can I get a home loan for a flat in a redevelopment project?
Yes, if the redevelopment project is registered with MahaRERA and the lender has approved it. The bank will check the development agreement, society consent and permissions, so approved-project lists matter most here.
Carpet area vs built-up area in Mumbai: which one is on the agreement?
Under RERA, the sale agreement must state the RERA carpet area, and pricing must be based on it. Check that the agreement and the MahaRERA listing show the same carpet area.
Is Thane or Navi Mumbai part of the same lending market as Mumbai?
Yes. Lenders treat MMR as one market, but eligibility, LTV and property valuation depend on the specific project and location. Most lenders cover Thane, Navi Mumbai and Mira–Bhayandar.
Ready to Find Your Home Loan in Mumbai?
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