SBI Home Loan Mumbai – Interest Rates 2020, Eligibility, Apply Online

Apply for SBI Home Loans in Mumbai: ✔ Low EMI ✔ Interest Rates ✔ Eligibility, Documents, Loan amount. Check and Compare Home Loan Eligibility for sbi home loan interest rates in Mumbai.

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Highlight’s on SBI Home Loan Mumbai

upto 30 Lakh 7.15% – 7.20%
30 Lakh – 75 Lakh 7.40% – 7.45%
Above 75 Lakhs 7.50% – 7.55%
Processing Fee 0.40 % of loan amount, up to a minimum of ₹10,000 + GST and maximum of 30,000 +GST
Repayment 30 Years
Loan Amount Upto 80% of Property
Foreclosure Charges Nil
Monthly Income Rs.10000 minimum
Lowest EMI per 1 Lakh Rs.675

Major Home Loan Tools available in Mumbai

  • Home Loan Interest Rates in Mumbai
  • Home Loan EMI Calculator Mumbai
  • Home Loan Eligibility Calculator Mumbai
  • Home Loan Balance Transfer Calculator Mumbai
  • NRI Home Loans in Mumbai
  • अधिक जानकारी – एसबीआई होम लोन की ब्याज दरें & SBI Home Loan.

    Eligibility required for State bank housing loan in Mumbai

    ✓ Minimum age: 18 years as on the date of sanction
    ✓ Maximum age: 70 years. i.e. the age by which the home loan should be fully repaid, subject to availability of sufficient, regular and continuous source of income for servicing the loan repayment.
    ✓ Minimum Income Should be Rs.10000 Per Month.

    Compare Top Home Loan Banks with SBI in Mumbai

    SBI Home Loan 7.90 – 8.45%
    HDFC Home Loan 8.00 – 8.45%
    ICICI Home Loan 8.25 – 8.70%
    LIC Home Loan 8.10 – 8.95%
    DHFL Home Loan 9.75%
    Axis Bank Home Loan 8.55% – 9.20%
    Bank of Baroda Home Loan 8.00% – 9.15%
    Canara Bank Home Loan 8.10 – 8.55%
    Aadhar Home loan N.A

    Loan Amount & factors:
    Actual loan amount will be determined taking into consideration such factors as applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat etc. To enhance loan eligibility you have option to add:
    ✓ Income of your spouse/ your son/ daughter living with you, provided they have a steady income and his/ her salary account is maintained with SBI.
    ✓ Expected rent accruals (less taxes, cess, etc.) if the house/ flat being purchased is proposed to be rented out.
    ✓ Depreciation, subject to some conditions.
    ✓ Regular income from all sources.

    How Much Loan amount you can get from the bank against the total value of Property:

    Individual Home Loan Amount Margin (Min) LTV Ratio (%)
    Upto Rs. 20 Lacs 10% 90%
    Above Rs. 20 Lacs. and upto Rs. 75 lacs 20% 80%
    Above Rs. 75 lacs 25% 75%

    Repayment period: Maximum 30 years (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early.

    Moratorium period (Repayment holiday): The moratorium period is included within the maximum repayment period.

    Documents Required for SBI Home loans in Mumbai:

    Salaried Self Employed

    Documentation

    1) Application form with photograph
    2) Identity & residence proof
    3) Last 3 months salary slip
    4) Form 16
    5) Last 6 months bank salaried credit statements
    6) Processing fee cheque
    1) Application form with photograph
    2) Identity & residence proof
    3) Education qualifications certificate & proof of business existence
    4) Business profile,
    5) Last 3 years profit/loss & balance sheet
    6) Last 6 months bank statements
    7) Processing fee cheque

    State Bank of India Home Loan Branches in Mumbai:

    Branch Branch Code Address Contact
    J P ROAD, ANDHERI (W) 012959 DADABHAI CROSS ROAD NO 1.J P ROAD, NEAR SONY MONY, ANDHERI WEST, Dist GREATER MUMBAI 400058

    City: MUMBAI
    District: GREATER BOMBAY
    State: MAHARASHTRA

    9930067481
    GOVANDI 013055 BHAKTAKAVI SHIVAJIBHAI DEVSHI ROAD, GOVANDI MUMBAI, Dist MUMBAI 400088

    City: MUMBAI
    District: GREATER BOMBAY
    State: MAHARASHTRA

    BM 9833446597
    SAMATA NAGAR THANE 013035 SHOP NO 8, 9, 10 VIHANG GARDEN, SAMATA NAGAR THANE, THANE, Dist MUMBAI 400610

    City: MUMBAI
    District: THANE
    State: MAHARASHTRA

    BM 9422572913
    THAKUR VILLAGE, KANDIVALI (E) 013036 GOKUL RESIDENCY, SHOP NO 26 TO 31, THAKUR VILLAGE, KANDIVALI E, MUMBAI, 400101

    City: MUMBAI
    District: GREATER BOMBAY
    State: MAHARASHTRA

    9869417683
    MICR, MUMBAI 004195 MADHULI, 1ST FLOOR, H BY 2, SHIVSAGAR ESTATE, DR.ANNE BESANT ROAD, , PIN – 400018

    City: MUMBAI
    District: GREATER BOMBAY
    State: MAHARASHTRA

    I.P.102667 022-24973909
    CENRALISED CLEARING PROCESSING CENTRE 005076 CCPC MUMBAI MAHARASHTRA

    City: MUMBAI
    District: GREATER BOMBAY
    State: MAHARASHTRA

    103795
    ANDHERI (EAST) 000539 M V ROAD ANDHERI E MUMBAI MAHARASHTRA

    City: MUMBAI
    District: GREATER BOMBAY
    State: MAHARASHTRA

    022-26839154 102566-567
    ANDHERI WEST 004650 RAHUL APARTMENTS, OPP.SHOPPERS STOP , SWAMI VIVEKANAND RD, MUMBAI, , PIN – 400058

    City: MUMBAI
    District: GREATER BOMBAY
    State: MAHARASHTRA

    022-26230282IP- 102421
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    Top Banks for Home Loans in India
    Banks Interest Rates
    SBI Home Loan 6.95% - 7.45%
    HDFC Ltd Home Loan 6.95% - 7.50%
    ICICI Bank Home Loan 6.95% - 8.05%
    LIC Housing Home Loan 6.90% - 7.30%
    DHFL Home Loan 9.75%
    Axis Bank Home Loan 7.75% - 8.40%
    Bank of Baroda Home Loan 6.85% - 7.85%
    Canara Bank Home Loan 7.35% - 7.80%
    Aadhar Home loan N.A