Home Loan in Mumbai
Apply for a home loan in Mumbai with Navi to enjoy attractive interest rates of 8.45% p.a. with flexible EMI options of up to 30 years.
Housing Loan in Mumbai
Mumbai, home of business giants and movie stars, is a city that never sleeps. People from all over the Country come to Mumbai to make a living and become successful. This city provides top-notch job opportunities, excellent transportation facilities and affordable, tasty food at any corner. It boasts some of the best infrastructures in the country. However, this city has one of the highest costs of living. Thanks to Navi Home Loan, now owning a home in Mumbai is no longer a far-fetched dream. Navi provides all the financial support you need to buy a flat in Mumbai.
A home loan is the easiest way to pay the huge upfront costs required. It offers home loans up to ₹5 crore at attractive interest rates starting from 8.45% p.a. Furthermore, the entire process is online, so you don’t have to wait for approval or queue up for document verification. These features make Navi as it is one of the best home loan companies in Mumbai.
Just download the Navi app from the App Store or Play Store and apply for a home loan in Mumbai today!
Home Loan in Mumbai Details
| Loan Amount | Up to ₹5 Crore |
| Loan Tenure | Up to 30 Years |
| Interest Rate | 8.45% p.a. |
| Processing Fee | Nil |
Home Loan in Mumbai - Features and Benefits
Get home loans at attractive interest rates starting from 8.45% p.a.
Home Loan in Mumbai - Features and Benefits
Home Loan Interest Rate in Mumbai With Other Charges
Home Loan Interest Rate in Mumbai with Other Charges
Avail a home loan at attractive housing loan interest rates in Mumbai with Navi. Here’s more information regarding interest rates and other charges:
Navi home loans come at attractive interest rates, starting from 8.45% p.a.
Home Loan EMI Calculator
With Navi, it is easy to get a home loan in Mumbai. But, before opting for a home loan, it is important to check if you can comfortably repay the amount. You can easily calculate your EMI obligations using the Navi Home Loan EMI Calculator. All you need to do is enter the principal amount, interest rate and loan tenure in the corresponding boxes. The online EMI calculator will display the results in seconds.
The mathematical formula for calculating home loan EMI is:
EMI = {P x R x (1+R) ^N} / {(1 + R) ^N – 1}
Where, P = Principal loan amount, N = Loan tenure in months, R = Monthly interest rate
The rate of interest on your home loan is calculated monthly.
For instance, say you have taken a home loan of ₹66 lakh for a tenure of 12 years at a 7.39% interest rate. Your monthly EMI would be:
EMI = ₹ {66,00,000 x 0.00615 x (1 + 0.00615) ^144} / {(1 + 0.00615) ^144-1} = ₹69,253
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Years)
Years
Monthly EMI
0
Total Interest
Total Amount
Home Loan Amortization
| Years | Opening Balance | EMI * 12 | Interest | Principal | Closing Balance |
|---|
How to Apply for Home Loan in Mumbai
How to Apply for Home Loan in Mumbai
Housing Loan Eligibility in Mumbai
Housing Loan Eligibility in Mumbai
Documents Required for Home Loan in Mumbai
Document Required for Home Loan in Mumbai
- PAN and Aadhaar card
- Bank statement or GST returns
Trusted by Millions of Users
Navi Approved Builders in mumbai
Ace Realty
Dosti Realty
Dynamix
Godrej Properties
JP Infra
JVM Spaces
Kalpataru
Kalpataru Group
Mahaavir Universal Homes Pvt. Ltd.
Marathon Group
Mayfair Housing
Navkar Group
Provident Housing Limited
Raheja Universal Properties
Raj Realty
Rustomjee
Satellite Developers Private Limited
Shakti Group
Shripal Group
Sunteck Realty
UK Realty
Wadhwa Group
Apna Ghar Zaroor Hoga
Enjoy attractive interest rates starting at 8.45% p.a. with flexible EMI options.
What our customers say about us
Frequently asked questions
- The lender’s external benchmark rate
- The borrower’s credit score
- Type of interest rates (fixed/floating)
- LTV ratio
- Tenure of the loan
- The borrower’s job profile
Following these points will help you get a lower interest rate for home loans:
- Having a credit score above 750
- Having no existing liabilities
- A past relationship with the lender
- Stable and sufficient income
Nevertheless, the final decision regarding the interest depends on the evaluation that the lender will conduct.
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