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Cheapest Home Loan in Mumbai

Cheapest Home Loan in Mumbai: Compare home loan rates 2018 of top financial institutions in Mumbai ✔ Understand your home loan eligibility ✔ Know your EMI ✔ Apply cheapest home loan in Mumbai at Newsilike.in online.

Cheapest Home Loan Rates in Mumbai – 2018

PMAY-Home-Loan

Home Loan Banks in Mumbai

Home Loan ROI

HDFC Home Loan 8.35% – 8.55%
ICICI Bank Home Loan 8.35% – 8.80%
SBI Home Loan 8.30% – 8.60%
PNB Housing Loan 8.50% – 8.70%
Axis Bank Home Loan 8.35% – 8.75%
LIC Housing Loan 8.35% – 8.60%
Bank of Baroda Home Loan 8.30% – 8.50%
PNB Home Loan 8.35% – 8.45%
DHFL Home Loan 8.35%
Indiabulls Home Loan 8.35% – 8.55%

Documents Required for Home Loan in Mumbai

  • Employer Identity Card
  • Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs
  • Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
  • Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card

Property Papers:

  • Permission for construction (where applicable)
  • Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
  • Occupancy Certificate (in case of ready to move property)
  • Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
  • Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
  • Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller

Account Statement:

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
  • If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:

  • Salary Slip or Salary Certificate of last 3 months
  • Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor:

  • Business address proof
  • IT returns for last 3 years
  • Balance Sheet & Profit & Loss A/c for last 3 years
  • Business License Details(or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./ Doctor and other professionals)