Top Mortgage Loans Providers in Mumbai - Home Loans

Top List of 10+ Mortgage Loan Agents in Mumbai. Get a mortgage loan with a low interest rate. Also, get an instant home loan, construction loan, property loan, and more. Find the best mortgage loan service providers near your location. as on Jan 20, 2025

Om Sai Marketing

Nalasopara West, Mumbai, 401203

+08069873767

Loans

Response Time: More than 60 MinsSulekha score: 7.4

At OM SAI MARKETING, we provide personalized financial services including Home loans, Mortgage loans, Business loans, Balance Transfers, and Overdraft facilities. Our expert team is dedicated to helping individuals and businesses achieve financial growth and security with tailored, transparent, and results-driven strategies. Let us help you reach your financial goals with confidence.

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Prime Growth Finance Services

Mira Road, Mumbai, 401107

+08048102267

Loans

Response Time: Within 15 MinsSulekha score: 6.6

Welcome to Kailash Sitaram Pradhan! We are a trusted and reliable business that has been providing loans since 2015. Our services include mortgage loans, loan against property, loan against property without map, loans against rent receivables, loans on Lal Dora property, plots, commercial buildings, residential buildings, and industrial buildings. We cater to all loan amounts, ranging from less than 10 lakhs to more than 50 lakhs. Our team consists of experienced and dedicated professionals who strive to provide the best financial solutions to our customers. We are located in Mira Road and our working hours are flexible to accommodate our clients' needs. Trust Kailash Sitaram Pradhan for all your loan needs!

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Shreya Finance

Borivali West, Mumbai, 400092

+08069831480

Loans

Response Time: Within 15 MinsSulekha score: 4.6

Shreya Finance, located in Borivali West, Mumbai, is a reliable financial service provider known for its expertise in offering a variety of financial solutions. They specialize in providing loans and financial advice tailored to meet individual and business needs. Their services are highly regarded for their efficiency and customer-centric approach, making them a preferred choice in the local community. With a strong focus on customer satisfaction, Shreya Finance ensures that clients receive the best possible guidance and support in their financial endeavors?

Available Loan Types:

Offering 6 different types of loans

Loan Amount Range:

From ₹5 Lakhs to ₹1 Crore
Depending on the type of loan

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Sanjay Agrawal - Home Loan Consultant

Andheri West, Mumbai, 400053

+08035423922

Loans Construction Loans Structural Adjustment Loans

Response Time: Within 60 MinsSulekha score: 6.4

Sanjay Agrawal - Home Loan Consultant is known for Loan Providers. We address your needs with utmost care and ensure your satisfaction in whatever we do. We are into Loan providers for the past several years. Give us an opportunity to serve you. We deal with We Deals in Special Home Loans .Home loans above Rs 50 Lakhs, Home loans between Rs 25 lakhs-50 Lakhs, Home Loans between 16 -24 Lakhs. We are a conscious, compassionate and high-principled provider of authentic service enhancing customer experience at every touch point and fulfilling the needs comprehensively. Our motto has always been timely service, best quality and optimum cost. We are in touch with our customers through quality, performance, service and assistance. Bringing the best of value to our customers, we also care as much about our customers. We value the trust and beliefs vested in us by our clients and professional contacts and provide a dedicated service with an honest and direct approach in all our dealings. Contact us for further details.

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R.C. Enterprises

Malad East, Mumbai, 400062

5.0/5 Based on 10 Reviews

+09021115592

Loans

Response Time: Within 15 MinsSulekha score: 8.7

R.C. Enterprises, located in Malad East, Mumbai, is a trusted business specializing in home improvement and repair services. They offer a wide range of services, including pest control, plumbing, and home cleaning solutions. The business has been operational for several years and is known for providing prompt, reliable, and cost-effective services. Customers appreciate their professionalism and the seamless process of booking services through platforms like Sulekha, which connects users with trusted local service providers. The team at R.C. Enterprises strives to meet the diverse needs of households, ensuring customer satisfaction every time.

Available Loan Types:

Offering 10 different types of loans

Loan Amount Range:

From ₹1 Lakhs to ₹55 Lakhs and above
Depending on the type of loan

Shiv Yadav from Mumbai

"Lap"

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Ditya housing finance

Vasai East, Mumbai, 401208

+08048104278

Loans Construction Loans Structural Adjustment Loans

Response Time: Within 15 MinsSulekha score: 3.3

Ditya housing finance is a leading financial institution in Vasai East, providing a wide range of loan services such as home loans, business loans, mortgage loans, NRI loans, and more. With a strong team of experts and advanced technology, we cater to all your financial needs. Our services include loans against cash credit, overdraft, property, and rent receivables. We also offer loans for Lal Dora properties, plots, commercial and residential buildings, and industrial properties. Our loans are available for amounts ranging from 11 lakhs to more than 1 crore, making it easy for you to finance your dream home or business. Trust Ditya housing finance for all your loan requirements.

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Kings Finance

Kalyan West, Mumbai, 421301

+08043691990

Loans Construction Loans Structural Adjustment Loans

Response Time: Within 60 MinsSulekha score: 5.5

Welcome to KINGS FINANCE, your trusted source for all your loan needs in Kalyan West. Our experienced team is dedicated to providing excellent customer service and helping you find the perfect loan for your situation. We offer a wide range of loan options including vehicle loans, home loans, business loans, mortgage loans, personal loans, and more. With over 10 years of experience in the industry, we have helped numerous clients achieve their financial goals. Our services are available during convenient working hours, so you can easily reach out to us for any loan inquiries. Let us help you secure the loan you need today!

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Shri Vinayak Enterprises

Vaishali Nagar, Jaipur, 302021

( Also serves in Mumbai )

Loans

Sulekha score: 7.8Working hours: 10 PM to 7 PM

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Kunal Financial Services

Kakrawada, Kota, 324001 ( Also serves in Mumbai )

Loans

Sulekha score: 7.5Working hours: 10 AM to 7 PM

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Mudra Finance Services

Devi Road, Mainpuri, 205001 ( Also serves in Mumbai )

Loans Construction Loans Structural Adjustment Loans

Sulekha score: 6.8

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Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, mortgage loans, home loans, vehicle loans, car loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out a Mortgage Loan?

Stable Financial Situation: Ensure you have a stable income to manage monthly mortgage payments and maintain a sufficient emergency fund for unexpected expenses. A low debt-to-income ratio indicates manageable debt levels, making it easier to qualify for a mortgage.
Long-Term Commitment: Consider your future plans and whether you intend to stay in the property for a long period. Mortgages are long-term commitments, and frequent moving can be costly. Evaluate your family's current and future needs, such as space requirements and proximity to schools or work.
Housing Market Conditions: Analyze current housing market trends, including interest rates and property values. Low-interest rates and favorable market conditions can make it a good time to buy. Additionally, consider the potential for property value appreciation as a long-term investment.
Affordability and Budgeting: Save a substantial down payment to reduce the loan amount and potentially avoid private mortgage insurance (PMI). Ensure the monthly mortgage payments fit comfortably within your budget without compromising other financial goals.
Creditworthiness: A good credit score can help you secure a mortgage with favorable terms and lower interest rates. Review your credit history for inaccuracies and resolve outstanding issues to improve your credit profile, increasing your chances of loan approval.
Loan Types and Options: Understand the differences between fixed-rate and adjustable-rate mortgages and choose the one that best suits your financial situation and risk tolerance. Evaluate different loan terms (e.g., 15-year vs. 30-year) and their impact on monthly payments and total interest paid over the life of the loan.
Readiness for Homeownership: Be prepared for the responsibilities of homeownership, including maintenance, repairs, and property taxes. Consider how homeownership will impact your lifestyle and whether you are ready for the associated commitments.

2. Eligibility Criteria for Taking a Mortgage Loan?

Credit Score: A good credit score is essential as it indicates your creditworthiness. Generally, a score of 620 or higher is required, but a higher score can qualify you for better terms and interest rates.
Income: Lenders assess your income to ensure you can afford the loan payments. They will consider your employment history, salary, and other sources of income. Stable and sufficient income is crucial.
Debt-to-Income Ratio (DTI): This ratio compares your monthly debt payments to your monthly gross income. Lenders typically prefer a DTI ratio below 43%, though some may accept higher ratios depending on other factors.
Down Payment: Most mortgage loans require a down payment. The amount can vary but is typically between 3% and 20% of the home’s purchase price. Larger down payments can improve your chances of approval and get better loan terms.
Employment History: A stable employment history, usually at least two years with the same employer or in the same industry, is preferred. This demonstrates financial stability.
Property Appraisal: The property you intend to buy must be appraised to determine its market value. The loan amount is generally based on the appraised value or the purchase price, whichever is lower.
Savings and Assets: Lenders may require proof of savings or assets that can be used as a cushion in case of financial difficulties. This can include savings accounts, investments, or other assets.
Loan Type and Terms: The type of mortgage (fixed-rate, adjustable-rate, FHA, VA, etc.) and the loan terms (such as the length of the loan) can influence eligibility. Some loans have specific requirements, such as VA loans for veterans.
Documentation: You will need to provide various documents such as tax returns, pay stubs, bank statements, employment verification, and identification documents.
Residency Status: Proof of legal residency or citizenship may be required. Some lenders offer loans to non-citizens with specific documentation.

3. What are the Benefits and Advantages of a Mortgage Loan?

Home Ownership and Equity Building: Owning a home is a long-term investment that can appreciate over time, and each mortgage payment builds equity in the property, serving as a financial asset.
Tax Benefits: Mortgage interest and property tax payments are often tax-deductible, reducing taxable income and providing significant tax relief.
Predictable and Lower Payments: Fixed-rate mortgages offer consistent monthly payments, simplifying budgeting. Mortgage loans also generally have lower interest rates compared to unsecured loans because the property serves as collateral.
Leveraging and Credit Improvement: Mortgages allow individuals to leverage property value, enabling the purchase of more expensive homes. Regular on-time payments improve credit scores, and having a mix of credit types positively impacts credit ratings.
Flexible Terms and Refinancing: Various mortgage term lengths and types (fixed-rate, adjustable-rate) offer flexibility. Refinancing options can reduce interest rates and monthly payments or provide access to home equity for other financial needs.
Forced Savings and Stability: Mortgage payments act as forced savings, with part of each payment building equity. Homeownership provides long-term housing stability, protecting against rent increases and eviction risks.
Pride and Investment Opportunities: Homeownership provides a sense of pride and achievement. Homeowners can also generate rental income, helping to offset mortgage costs and further enhancing financial stability.

4. Important Factors to Consider When Taking a Mortgage Loan?

Interest Rates: Fixed rates offer stable monthly payments, while variable rates can fluctuate with market conditions. Look at the Annual Percentage Rate (APR) for a comprehensive view of the loan's cost.
Loan Term: Shorter terms like 15 years have higher monthly payments but lower total interest costs, while longer terms like 30 years offer lower monthly payments but higher overall interest.
Down Payment: A higher down payment reduces the loan amount and monthly payments and can eliminate the need for private mortgage insurance (PMI). Ensure you have enough savings left for emergencies and other financial goals.
Credit Score: Higher credit scores typically qualify for lower interest rates. Check your credit report for errors and work on improving your score before applying for a mortgage.
Debt-to-Income Ratio (DTI): Lenders assess your ability to repay the loan by looking at your DTI. Aim for a DTI below 43%, but the lower, the better for your financial health.
Loan Types: Conventional loans usually require higher credit scores and down payments, while government-backed loans like FHA, VA, and USDA have different requirements and benefits.
Fees and Closing Costs: These include appraisal fees, origination fees, and title insurance, which can add up to 2-5% of the loan amount. Some fees can be negotiated or shopped around.
Prepayment Penalties: Check if the loan has penalties for early repayment, as these could affect your ability to refinance or pay off the loan early.
Loan Servicing: Research the lender or servicer’s reputation for customer service and loan servicing practices to ensure a smooth mortgage management process.
Future Financial Plans: Consider your job security and potential for income changes. Research housing market trends in the area to understand potential property value changes.
Insurance and Taxes: Understand the property tax rate and how it will affect your monthly payment. Get estimates for homeowners insurance to factor into your overall housing costs.
Affordability and Budget: Ensure the monthly mortgage payment fits comfortably within your budget, considering other financial goals and expenses. Maintain an emergency fund to cover unexpected costs without compromising your mortgage payments.

5. Mortgage Loan Interest Rates?

Bank Name	Interest Rate (p.a.)	Loan Tenure	Processing Fees
State Bank of India	7.50% - 8.60%	Up to 30 years	0.35% of the loan amount (Min Rs. 2,000, Max Rs. 10,000)
HDFC Bank	7.60% - 8.50%	Up to 30 years	Up to 0.50% of the loan amount or Rs. 3,000 whichever is higher
ICICI Bank	7.70% - 8.60%	Up to 30 years	0.50% of the loan amount + GST (Min Rs. 3,000)
Axis Bank	7.75% - 8.70%	Up to 30 years	1% of the loan amount or Rs. 10,000 whichever is higher
Punjab National Bank	7.55% - 8.65%	Up to 30 years	0.35% of the loan amount (Min Rs. 2,500)
Bank of Baroda	7.65% - 8.50%	Up to 30 years	0.50% of the loan amount (Min Rs. 7,500, Max Rs. 20,000)
Kotak Mahindra Bank	7.60% - 8.50%	Up to 20 years	Up to 1% of the loan amount + GST
IndusInd Bank	7.70% - 8.75%	Up to 20 years	0.50% of the loan amount (Min Rs. 5,000, Max Rs. 10,000)
IDBI Bank	7.50% - 8.50%	Up to 30 years	0.50% of the loan amount (Min Rs. 2,500, Max Rs. 10,000)

Please note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

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Most Common Questions About Mortgage Loans

1. Who are the best Mortgage Loan providers in Mumbai?

Om Sai Marketing
Prime Growth Finance Services
Shreya Finance
Sanjay Agrawal - Home Loan Consultant
R.C. Enterprises

2. What documents are required for a Mortgage loan?

Typically, you need identity proof (Aadhaar, PAN card), address proof (utility bills, rental agreement), income proof (salary slips, bank statements, ITR), property documents (title deed, sale agreement), and a recent photograph.

3. What are the eligibility criteria for a Mortgage loan?

Eligibility criteria include being an Indian resident, aged 21-65, having a stable income source, good credit history, and ownership of a property that can be mortgaged. Specific criteria may vary by lender.

4. How do I apply for a Mortgage loan online?

You can fill out the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also you can apply online by visiting the lender's website, filling out the application form with required details, uploading necessary documents, and submitting the form for processing. Some lenders may offer doorstep services for document collection.

5. How can I get an instant Mortgage loan?

Instant mortgage loans are rare due to the need for property evaluation and legal checks. However, pre-approved loans for existing customers or quick processing options from certain lenders may expedite the process.

6. What is the percentage rate for Mortgage loans?

The interest rate for mortgage loans typically ranges from 8% to 12% per annum, depending on the lender, borrower’s creditworthiness, loan amount, and tenure. Rates can vary widely, so it’s advisable to compare different lenders.

7. Can I get a Mortgage loan with a low CIBIL score?

Yes, it is possible but may come with higher interest rates and stricter terms. Some lenders offer mortgage loans to individuals with low CIBIL scores, but the approval process may be more stringent.

8. What is the processing fee for a Mortgage loan?

The processing fee for a mortgage loan usually ranges from 0.5% to 2% of the loan amount. This fee covers administrative costs and varies by lender. It’s important to confirm this with your lender before applying.

9. Can I get a Mortgage loan with a bad credit score?

Getting a mortgage loan with a bad credit score is challenging but possible with certain lenders. You may face higher interest rates and stricter terms. Providing a strong co-applicant or additional collateral can improve your chances.

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3.6

Based on 36 Reviews

Ayush Purohit Kandivali West

19 May, 2024

Mayur bhai is always helpful and he has magic in his work he can make impossible things possible. I wish Mayur bhai all the best for his work and would love to keep working with him till lifetime! Thank you Mayur bhai for your magical service and precious time

Ajay parasher Dombivali East

11 Oct, 2022

I think these all bad reviews are either paid or its written to turnish image of company and person, my loan has been sanctioned and disbursed last month from shriram housing in 15 days after rejectef by 7 banks, everyone told me my loan is imposible due to low cibil. i was readind savitas comments, first this company is not in pune secondly she added in five days sbi sanctioned and disbursed loab thats not at all possible as they wont even open saving ac in 5 days, and last rakesh vishwakarma, i know that person, his loan is disbursed by icici home finance mira road branch by same vinod vishwakarma becuz executive was by brotherinlaw. so stop doing propoganda against company and person and which platform they are doing, as sulekha wont have any ratings

Bir khan Kalyan West

19 Jan, 2022

Dhani indaibulls customer servic. O629I465784 online loan centre any problems.. solvemart coin customer serviceO629l46,5784. O629l46-5784 online loan centre any problems.. solve

Padmanabh Virar West

24 Feb, 2021

Dear sir/Madam, Myself Moharir from Pune like to inform you as your contact person Manushree Amol Patil started in finance services branch may be on your name and started cheating people in pune they have taken Rs 25000 from me and their phone no are blocked for me. i request to contact them and return my money in 24 Hrs . Their phone no are 9324140918 and pune they started through advertisement in Sakal paper with phone no 7738356778 Mr. Amol Patil. Hope you will help me out and avoid further process. Thanks and regards? Moharir 8421905923

Guest Borivali East

01 Feb, 2021

Vasai naigaon 2 bhk flat . Lone req. Lock and key prosses. Req amaunt 10 lac only . Proparty value @ 35 lac redy recnar cc SOC. Noc and oc flat

Saravanan R Sion

23 Nov, 2020

Its very very cheated finance. Iam also cheated by our executive Mr. RAGHURAM AND ASHOK Both are taking to loan advice and get 3200Rps for me but now not picking my call and sms. Pls anyone return my loan amount fees 3200.

DHANBAHADUR GURUNG Dombivali West

27 May, 2020

Bad service they told me that I am wasting their while asking some clarity about the services and charges.. I will not recommen to nay of my friends

Santosh Joshi Mira Road

03 May, 2019

Totally Froud person, don't trust Mr. Kailas Pradhan. 1 number Chor, Bhikari he aap ko loan ke samay kuch bhi zoot bolke paisa nikalega, jaise Franking, CA k naam se documents banana he. Loan approvals me bank ke alag se charges n Mr. Kailas Pradhan k alag se 6% charges or galti se bhi Kailas ke charges me Kailas ko extra charges mat dena 1 number Bhikari aadmi he.

Top Mortgage Loan Providers in Mumbai

What type of mortgage loan do you need?

Find the Top Mortgage Loan Providers from Sulekha in Mumbai

Top List of 10+ Mortgage Loan Agents in Mumbai. Get a mortgage loan with a low interest rate. Also, get an instant home loan, construction loan, property loan, and more. Find the best mortgage loan service providers near your location. as on Jan 20, 2025

Om Sai Marketing

Prime Growth Finance Services

Shreya Finance

Sanjay Agrawal - Home Loan Consultant

R.C. Enterprises

Ditya housing finance

Kings Finance

Shri Vinayak Enterprises

Kunal Financial Services

Mudra Finance Services

Latest User Reviews for Mortgage Loan in Mumbai

Recently Connected Loans in Mumbai

Recent Enquiries for Mortgage Loan in Mumbai

Why Choose Sulekha?

1. When to Consider Taking Out a Mortgage Loan?

2. Eligibility Criteria for Taking a Mortgage Loan?

3. What are the Benefits and Advantages of a Mortgage Loan?

4. Important Factors to Consider When Taking a Mortgage Loan?

5. Mortgage Loan Interest Rates?

Most Common Questions About Mortgage Loans

1. Who are the best Mortgage Loan providers in Mumbai?

2. What documents are required for a Mortgage loan?

3. What are the eligibility criteria for a Mortgage loan?

4. How do I apply for a Mortgage loan online?

5. How can I get an instant Mortgage loan?

6. What is the percentage rate for Mortgage loans?

7. Can I get a Mortgage loan with a low CIBIL score?

8. What is the processing fee for a Mortgage loan?

9. Can I get a Mortgage loan with a bad credit score?

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021

Important Things That NRIs Should Know About Home Loan In India

Home Loan Agreement- Important clauses to know!

How To Avoid Rejection Of Your Personal Loan Application