Ready to buy a home in Mumbai? Tell us your budget and we will find lenders that fit it. We compare offers for you and help you at every step. The lender gives the final approval.
LOAN AMOUNT
Up to 90%
Of the property cost. Most lenders give 80% to 90%.
INTEREST RATE
From 7.35% a year
Your rate depends on your profile and the lender.
TENURE
Up to 30 years
A longer time means a smaller monthly payment.
PROCESSING FEE
Set by the lender
We tell you the fee before you apply.
OVERVIEW
A home loan is money you borrow from a bank or finance company to buy a home. You pay it back every month over many years. The monthly payment is called an EMI.
You can pick a fixed rate, where your EMI stays the same, or a floating rate, where it can change with the market. Until you finish repaying, the property stays with the lender as security.
Mumbai homes cost a lot, so the right loan matters. We help you compare lenders and pick a loan that fits your budget.
A home loan is right for you if
OUR MUMBAI OFFICE
Our Mumbai office
OUR MUMBAI OFFICE
OUR MUMBAI PARTNERS
Visit our office or call us. We show you offers from the lenders that match your needs.
BENEFITS
A loan lets you buy now and pay over time. Here is how it can help.
You may save tax on what you repay. Up to ₹1.5 lakh a year on the loan amount (Section 80C) and up to ₹2 lakh a year on interest for a home you live in (Section 24(b)). Ask a tax advisor about your case.
Home loan rates are usually lower than personal loan rates, because the property backs the loan.
You can repay over up to 30 years. A longer time means a smaller monthly payment.
Send them to us. We will guide them through the loan, step by step.
ELIGIBILITY
You can apply if you have steady income, a good credit record and a property the lender accepts.
How much can I borrow?
Most lenders give 80% to 90% of the property cost. You pay the rest as your down payment.
Lenders look at your salary, your job and your credit score. Each lender has its own rules. We match you with the right one.
Income proof
Salary slips and bank statements
Job
A steady job
Credit score
A good score
Property
Papers the lender accepts
Lenders look at your business income, tax returns and credit score. Each lender has its own rules. We match you with the right one.
Income proof
Tax returns and bank statements
Business
Running for enough years
Credit score
A good score
Property
Papers the lender accepts
NRIs can apply for a home loan for a property in India. The rules depend on the lender. Please talk to our advisor first.
Identity proof
Passport and visa
Income proof
As the lender asks
Bank details
As the lender asks
Property
Papers the lender accepts
Work out your EMI and get the exact list of papers lenders ask for.
For planning only. Your lender confirms the final EMI.
RATES, FEES AND CHARGES
The loan has more costs than just interest. We list them all before you apply.
Item
Typical
Notes
Interest rate
From 7.35% a year
Depends on your profile and the lender
Rate type
Fixed or floating
Fixed stays the same. Floating can change.
Processing fee
Set by the lender
We tell you the exact fee upfront
Paying off early
Set by the lender
Some lenders charge a fee. Ask before you sign.
Other costs
Paid by you
Legal and property check fees, stamp duty (a government tax on buying property), registration and society fees
BEFORE YOU APPLY
A few steps now can save you money and stress later.
Use the calculator and pick an EMI that fits your budget.
Match the loan to the home price and what you can repay.
If you already bank with a lender, your papers may move faster.
A good score can help you get approval and a better rate.
Ask about all charges
Check fees and early payoff charges before you apply.
Look at rates and terms from more than one lender.
RELATED LOANS
Need something different? See these options.
How we work
At every step you know what is happening, who is handling it and what you get at the end of it.
01
We review your income, credit history, property and existing loans, and tell you honestly what is possible.
who
You + your advisor
You get
A clear view of what is possible
02
We shortlist the banks and NBFCs whose policies fit your profile, so you apply where approval is likely.
who
You + your advisor
You get
A clear view of what is possible
03
We give you one checklist, collect the papers and check them before the lender sees your file.
who
You + your advisor
You get
A clear view of what is possible
04
We present your case to the chosen lender and handle their questions on your behalf.
who
You + your advisor
You get
A clear view of what is possible
05
We compare the sanction terms and negotiate rate, fees and conditions where possible.
who
You + your advisor
You get
A clear view of what is possible
We follow up on legal, valuation and agreement steps until the money reaches you.
who
You + your advisor
You get
A clear view of what is possible
CASE STUDY
From a client’s own words on our website.
WORKING CAPITAL ENHANCEMENT
A Mumbai-based engineering components manufacturer with ₹60 Cr turnover and 12 years in business. Its existing ₹4 Cr cash credit limit no longer matches its order book.
Our approach: assess the working capital need from audited financials, the stock and debtor cycle, and the order pipeline. Then propose increasing the limit to ₹8 Cr, backed by stock and book debts, with the factory land and building as additional security.
Client
Engineering manufacturer, Mumbai
Turnover
₹60 Cr
Structure
Cash credit enhancement (₹4 Cr → ₹8 Cr)
Security
Factory land & building, valued ~₹12 Cr
Eligibility typically includes: stable income (salaried/self‐employed), minimum age (often 21 at application and < 65–70 at maturity), good credit history, and property documentation approved by the lender. For high‐value loans in Mumbai, joint applications (with family member) may help improve eligibility.
Most lenders allow up to ~80–90% “loan to value” (LTV) on under-construction/resale properties in Mumbai, meaning you may need to arrange ~10–20% as down payment plus stamp duty, registration and other costs.
Beyond the principal and interest, expect processing fees, legal & valuation costs, stamp duty, registration charges, society/transfer fees, and possible maintenance or development charges (especially in Mumbai). Nihal Fintech emphasises preparation for these “extra costs
Yes—some lenders impose prepayment/foreclosure penalties or restrict full prepayment during fixed‐rate periods. It is important to check the loan agreement carefully and ask Nihal Fintech to clarify these before signing.
Yes – applying jointly is common and can increase borrowing capacity (by adding incomes), help get a lower EMI or extend tenure. Nihal Fintech suggests this for higher loan amounts.
While timelines vary, the process can be faster if documentation is complete, KYC is in order, property approvals are available, and you have a good banking relationship. The site mentions quicker approval when existing banking relationships are used.
Share a few details and an advisor will call you to check feasibility. Or call us on +91 77009 44833.
