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Home Loan advantages in Mumbai

Improved connectivity

With the Mumbai Coastal Road project, the New Sea Link between Vihar and Versova, and the Metro Line 2 construction, ease of travel and connectivity have improved radically citywide. This way, the real estate demand at almost any place in Mumbai, especially around the city's outskirts, Kandivali, which is connected via multiple commute modes, etc., have cropped up.

Similarly, with the Monorail's development, Wadala, Lower Parel, and other housing clusters between Chembur and Jacob Circle are witnessing an uptick in property investments. Using a housing loan in Mumbai to invest in a property is an undeniably clever choice today.

Bustling job landscape

 With all the major MNCs and Indian business giants holding an office in Mumbai, the job opportunities in the city are always on the rise. If you're looking for a new job or switching to the finance and banking industry, Mumbai is an excellent place to settle in. With affordable home loans in Mumbai, easily finance your property in your desired location in Mumbai.

  • Loan amount offered

    ₹5,00,000 - ₹5,00,00,000

  • Loan tenure

    Up to 30 years

  • Interest rate starting @

    8.60%* p.a.

Features of Home Loan in Mumbai

Mumbai is known for its great skyscrapers and real-estate prices that stand higher than those skyscrapers. Fortunately, Tata Capital makes it easy for you to own your dream house in the “City of Dreams”.

Best-in-class Interest Rate

Real-estate prices may be soaring, but Tata Capital offers the lowest interest rates on home loans in Mumbai. So, you pay less monthly, making your dream house much more affordable.

Easy Eligibility

Finding a place of choice can be difficult in a metropolis like Mumbai. So, Tata Capital ensures getting a loan is not the same hassle. Our simple eligibility criteria not only make loans accessible but fast-track approval and disbursement.

Adequate Loan Amount

Tata Capital offers loan amounts of up to Rs. 5 Crores, so you have adequate funds to finance some of the most lavish houses in Mumbai.

Easy Repayment

Tata Capital offers flexible tenure of up to 30 years to make loan repayment much easier. So, you can repay the loan at your convenience.

Profitable Investment

A house in Mumbai is also a great investment. The city powers the country's economy, and industries are growing faster than ever. It means your house can be a great asset to you.

What are the Interest Rates for Home Loan in Mumbai?

 Expressed as a percentage, interest rates applicable on your home loan in Mumbai is the rate at which the interest is charged on your borrowed home loan amount over the loan tenure. The home loan interest gives you an idea of the amount you’d pay over and above the principal loan amount.

Tata Capital extends the most competitive home loan interest rates in Mumbai, starting at just 6.70%*. Currently, the rates of interest on home finance are at a 15-year low and range between 6.5% and 12%.

With Tata Capital, you can get a housing loan in Mumbai at affordable interest rates and comfortably own your dream home. The lower your interest rate, the smaller the monthly instalment you pay. That's why it's crucial to compare various lenders to find the lowest home loan rates in Mumbai.

What is the Eligibility Criteria for a Home Loan in Mumbai?

To avail a Tata Capital Home Loan in Mumbai, you should meet some basic eligibility criteria:

  • You must be between 24 and 65 years of age

  • Salaried or self-employed
  • Salaried professionals need a minimum of two years of working experience and a monthly salary of at least Rs. 30,000
  • Self-employed individuals need a minimum of three years of working experience in the current field
  • A credit score of 750+

Use our Home Loan Eligibility Calculator to determine your eligibility in seconds!

What are the documents required to avail a Home Loan in Mumbai?

Age proof

Passport, Driving License, PAN Card, Birth Certificate

Address Proof

Bank Statement/ Voter ID

Identification Proof

Aadhar Card/ PAN Card/ Voter ID/ Driving License/ Passport

Income Proof

Bank account statement for the last six months for salaried professionals and self-employed individuals: last three years' Projection Statement / Six months statement from current account

Processing Fee

Processing Fee Cheque

Visit home loan documents to get complete details on the documents required for your home loan application.

How to Calculate EMI for Home Loan Online?

 Interest rates play a pivotal role in determining your home loan repayment costs when you get a home loan in Mumbai. Moreover, since home loans are typically long-tenured, extending anywhere from 15 years to 30 years, the overall interest turns into a sizeable sum over time.

The interest amount on a housing loan is typically computed on the outstanding borrowed sum at the end of each day. It is charged on a monthly basis. Your financier takes the outstanding principal amount per day and multiplies it by the current rate of interest.

Here, even a minor difference in the home loan interest rate percentile becomes significant across the loan tenure. As the loan tenure increases, the interest payable rises as well. Therefore, while a longer tenure decreases your home loan EMI in Mumbai, it also increases your overall home loan interest.

That's why it's prudent to check home loan interest rates and calculate potential EMIs in advance before applying for a housing loan in Mumbai. With a home loan EMI calculator, you can figure out your repayment cost precisely.  

How to apply for a Home Loan online in Mumbai?


Fill out the application form with the correct information. Write down your personal, employment, loan amount, tenure, and property details. This way, the lender reviews your eligibility.


After you apply for housing loan in Mumbai, we process your form and extend a suitable loan offer. Now, you’re requested to upload the relevant documentation.


After verifying your submitted documents, our experts assess the property you're buying and generate an e-sanction letter. Download it and avail of your home loan.


Lastly, your loan is sanctioned, and the funds reach your account.

Other Ways to Apply for a Home Loan in Mumbai

  • Customer care: 18602676060

  • Email –

  • Registered Branch – 

    Address 1: 4th Floor, I-Think Techno Campus, Bldg. 'A', off Pokharan Road, No.-2, Thane (W), Mumbai - 400607.

    Address 2: 2nd Floor, AFL House, Lok Bharati Complex, Marol Maroshi Road, andheri (East), Mumbai: 400059.

    Address 3: Office No A-12 (Part-1), 1st Floor, Sarvodaya Mall, Opp. APMC Market, Kalyan West, Kalyan - 421301.