Buying a home in Mumbai is a big milestone, and with the right financial support, it doesn’t have to feel overwhelming. A home loan from Bajaj Finserv in Mumbai can help you turn this dream into reality, whether you’re planning to invest in a modern apartment, a cosy 1-BHK flat, or something more spacious. With tailored loan options designed to suit both salaried and self-employed individuals, you can find the right solution for your needs.
What makes the process even smoother is the convenience offered at every step. From an easy online application and minimal paperwork to guidance throughout the journey, Bajaj Finserv ensures you receive the funds you need quickly, making your home-buying experience hassle-free and memorable.
Affordable Bajaj Finserv Home Loan in Mumbai
The economic, business, and financial capital of India, Mumbai is a tier-1 city in Maharashtra. This city is home to the largest Indian film industry, Bollywood.
Obtain a home loan from Bajaj Finserv and buy a property at any prime location in Mumbai. You can apply for a home loan online at an interest rate starting from 7.45%* p.a. Check your eligibility now by entering your mobile number and verifying it with an OTP.
Features and benefits of home loan in Mumbai
Applicants interested in availing a housing loan in Mumbai can read more to know about the features of the Bajaj Finserv Home Loan.
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Get easy top-up loan
You can now enjoy an easy top up loan of up to Rs. 1 Crore* over your existing Bajaj Finserv Home Loan at an affordable rate of interest.
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Flexi hybrid home loan
Use a flexi hybrid home loan for easy repayment. Pay interest only on the utilised funds.
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Home loan refinancing
Transfer existing home loan amount to Bajaj Finserv and qualify for better interest rates and terms.
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Simple documentation
Submit only a handful of documents while availing a home loan from us and accelerate the loan processing.
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Zero prepayment and foreclosure charges*
For individual and non-individual borrowers with floating interest rate loans and loan taken for non-business purposes, there will be no prepayment and foreclosure charges.
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Property dossier
Bajaj Finserv offers a dossier to assist you through your legal and financial elements of owning a property.
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Digital account management
Bajaj Finserv Home Loan scheme is now available online. Manage your home loan digitally with us.
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Personalised insurance schemes
Protect your family from the burden of home loan repayment with a personalised insurance plan.
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3 months interest grace period
Use the 3 months non-repayment period to your advantage. Adjust it later with the tenor.
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Flexi hybrid facility
Manage your loan account with our flexi hybrid home loan and pay only interest during the initial tenor.
Mumbai is the fastest growing metropolitan city located in Maharashtra. Some of the numerous notable places in this city are the Gateway of India, Marine Drive, Elephanta Island, Juhu Beach, etc.
To address the rising property costs, opt for a home loan from us in Mumbai. The high loan value helps afford most of the well-equipped properties at good localities. Explore the features of this advance to reap its benefits maximally.
Apply online or come down to our branch to get this loan.
Eligibility criteria for home loan in Mumbai
Following are the home loan eligibility parameters for Bajaj Finserv.
Criteria |
Self-employed |
Salaried |
Age (in years) |
23 years - 70 years |
23 years - 67 years |
CIBIL score |
725 + |
725 + |
Citizenship |
Indian |
Indian |
Monthly income |
Should show a steady source of income for at least 5 years |
Under the age of 37 years: Rs. 30,000 37-45 years: Rs. 40,000 Above 45 years: Rs. 50,000 |
Work experience/ business continuity (in years) |
5 years |
3 years |
Apart from meeting these requirements, make sure to declare any additional sources of income to boost your eligibility to avail funds.
Home loan interest rate, fees, and charges in Mumbai
Bajaj Finserv, offers home loan at low interest rates. Our interest rates start from 7.45%* p.a Check our home loan interest rates and additional charges now to make an informed choice. Check your home loan offers now by simply entering your mobile phone number and OTP for verification.
Applicant type |
Home loan interest rates in Ahmedabad |
Salaried applicant |
Starting at 7.45%* p.a |
Self-employed applicant |
Starting at 7.85%* p.a. |
Classification of self employed
Category |
Eligibility criteria |
Minimum salary (for salaried applicants) |
To apply for a home loan from Bajaj Finserv, an individual who is in salaried employment must have a steady monthly income. The minimum earning required is Rs. 10,000 per month. This ensures that the applicant has a consistent financial inflow and the capacity to manage regular loan repayments without difficulty. |
Minimum business income (for self-employed applicants) |
For individuals running their own business or working as professionals, the minimum income requirement is Rs. 2,00,000 per year. This annual threshold confirms the borrower’s financial stability and helps lenders evaluate repayment ability effectively. |
How to apply home loan in Mumbai
Step-by-step guide to applying for a home loan
- 1 Click on the 'APPLY' button on this page.
- 2 Enter your full name, mobile number, and employment type.
- 3 Now select the type of loan you wish to apply for.
- 4 Generate and submit your OTP to verify your phone number.
- 5 Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
- 6 In the next steps, enter your date of birth, PAN number and other details as requested depending on your selected occupation type.
- 7 Click on the ‘SUBMIT’ button.
That is it! Your application is submitted. Our representative will connect with you and guide you through the next steps.
Apply for a home loan in different cities
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Home loan options for different budgets
Home loan calculators
Important links: What is Home Loan | Home Loan Eligibility Criteria | Documents Required for Home Loan | Home Loan Balance Transfer | Joint Home Loan | Home Loan Tax Benefits | Home Loan Subsidy | Housing Loan Top Up | Rural Home Loans | Home Loan Process | Down Payment for Home Loan | Pre-approved Home Loan | Rural Home Loan | Home Loan Tenure
Frequently asked questions
The current home loan interest rates in Mumbai can vary depending on the lender and loan type. However, with Bajaj Finance, home loan interest rates start at 7.45%* p.a.
For a Rs. 20 lakh home loan in Mumbai with Bajaj Housing Finance Home Loan interest rate starting at 7.45%* p.a over a tenure of 32 years, the EMI would be approximately Rs. 15,664.
A home loan in Mumbai works by borrowing a specific amount from a lender, usually a bank or housing finance company, to purchase a property. The borrower pays back the loan amount along with interest in monthly EMIs over a chosen tenure, which can range from years to decades.
With Bajaj Finance, home loan approval can be obtained within 48 Hours* from the time of application.
With Bajaj Finance, you can get a home loan of up to Rs. 15 Crore* in Mumbai, depending on your eligibility, income, and credit score. The loan amount can vary based on these factors, ensuring flexibility in meeting your home financing needs.
For a Rs. 1 crore home loan in Mumbai at an interest rate of 8.5% with a 20-year tenure, the EMI would be approximately Rs. 85,000. The EMI may vary based on the tenure and any changes in interest rates.
Yes, you can get up to 90% financing on your home loan in Mumbai, depending on your lender and eligibility. Generally, the loan amount is based on the property’s value, your income, and credit score, with some banks offering up to 90% for eligible borrowers.
