Home loan rates for Mumbai buyers start at 7.40% p.a. (Bank of Baroda, Canara Bank, Union Bank of India), per the banks' official rate cards in October 2026. SBI starts at 7.50%, HDFC Bank and Axis Bank at 8.00%. The RBI repo rate is 5.50% after the 25 bps hike on 7 October 2026, and banks have passed it through to new floating-rate loans. Ambak has 2 offices in Marol (Andheri East) and Vashi (Navi Mumbai).
| Office | Address | Hours |
|---|---|---|
| Ambak, Mumbai (Jay Antariksh) | 203-204, 2nd Floor, Jay Antariksh Building, Makwana Road, Marol, Andheri East, Mumbai 400059 | — |
| Ambak, Vashi | Office No. H-204, Tower 5, 2nd Floor, Vashi Railway Station Commercial Complex, Sector 30A, Vashi, Navi Mumbai 400703 | — |
Phone: +91 80580 58009 · Email: support@ambak.com
Banks price home loans nationally, so these rates apply in Mumbai as elsewhere. The rate you are offered depends on CIBIL score, income type (salaried or self-employed) and loan amount.
| Lender | Interest rate (p.a.) | EMI per ₹1 lakh, 20 years, at starting rate | Effective |
|---|---|---|---|
| Bank of Baroda | 7.40% – 9.15% | ₹799 | 8 Oct 2026 |
| Canara Bank | 7.40% – 10.25% | ₹799 | 9 Oct 2026 |
| Union Bank of India | 7.40% – 9.60% | ₹799 | 8 Oct 2026 |
| Central Bank of India | 7.45% – 9.00% | ₹803 | 8 Oct 2026 |
| Punjab National Bank | 7.45% – 9.35% | ₹803 | 8 Oct 2026 (festive rate till 31 Dec 2026) |
| State Bank of India | from 7.50% | ₹806 | 15 Oct 2026 |
| Kotak Mahindra Bank | from 7.60% | ₹812 | — |
| Axis Bank | 8.00% – 9.10% | ₹836 | — |
| HDFC Bank | 8.00% – 13.45% | ₹836 | — |
| ICICI Bank | 8.75% – 9.90% | ₹884 | 8 Oct 2026, valid till 31 Oct 2026 |
Source: each bank's official rate page, checked 26 Oct 2026. Most banks revised rates after the 7 October repo hike.
| Loan amount | 20 years at 7.40% | 30 years at 7.40% | 20 years at 8.50% |
|---|---|---|---|
| ₹50 lakh | ₹39,974 | ₹34,619 | ₹43,391 |
| ₹75 lakh | ₹59,962 | ₹51,928 | ₹65,087 |
| ₹1 crore | ₹79,949 | ₹69,238 | ₹86,782 |
| ₹1.5 crore | ₹1,19,923 | ₹1,03,857 | ₹1,30,173 |
| ₹2 crore | ₹1,59,898 | ₹1,38,476 | ₹1,73,565 |
7.40% is the lowest official starting rate among large banks; 8.50% shows a typical rate for a lower CIBIL score or self-employed income.
| Item | Rate |
|---|---|
| Stamp duty, man (incl. 1% metro cess) | 6% |
| Stamp duty, woman sole owner (incl. 1% metro cess) | 5% |
| Registration fee | 1% of property value, capped at ₹30,000 |
Charged on the higher of the agreement value and the ready reckoner rate. Navi Mumbai adds local body tax; confirm on igrmaharashtra.gov.in. Lenders do not fund stamp duty or registration; pay these from your own funds.
| Condition | Limit |
|---|---|
| Household income | Up to ₹9 lakh a year (EWS up to ₹3 lakh, LIG ₹3–6 lakh, MIG ₹6–9 lakh) |
| Property value | Up to ₹35 lakh |
| Loan amount | Up to ₹25 lakh |
| Subsidy | 4% on the first ₹8 lakh of the loan, for up to 12 years |
| Maximum subsidy | ₹1.80 lakh, paid in 5 yearly instalments to the loan account |
Source: PMAY-U 2.0 Interest Subsidy Scheme, Government of India. First-time buyers only; the household must not own a pucca house anywhere in India.
| Lender | Branch | Address |
|---|---|---|
| State Bank of India | SBI RACPC Santacruz | 1st Floor, Jeevan Seva Annex Building, B Wing, LIC Complex, Swami Vivekanand Rd, Santacruz West, Mumbai, Maharashtra 400054 |
| State Bank of India | SBI RACPC Vile Parle | 1st Floor, SBI Navapada Branch, 58 Nehru Rd, Vile Parle East, Mumbai, Maharashtra 400057 |
| HDFC Bank | HDFC Bank Home Loan Branch - Mumbai (Chembur East) | 3rd Floor, Sona Commercial Complex, Rd No. 1, opposite BMC Office, Chembur Gaothan, Chembur, Mumbai, Maharashtra 400071 |
| ICICI Bank | ICICI Bank Branch - Mumbai - Andheri JB Nagar | ICICI HFC Tower, 248, Andheri - Kurla Rd, S B Singh Colony, J B Nagar, Andheri East, Mumbai, Maharashtra 400059 |
| Axis Bank | Axis Bank Loan Centre | 5th Floor, Harbhajan Building, CST Road, opp. Raheja Central, Kolivery Village, Vidya Nagari, Kalina, Santacruz East, Mumbai, Maharashtra 400098 |
| Bank of Baroda | Bank of Baroda Kurla West Branch | 565, CST Road, Kurla West, Kurla, Mumbai, Maharashtra 400070 |
| Kotak | Kotak Mahindra Bank | Ground Floor, In G.S. Point, CST Road, opp. University Campus, Kolivery Village, Vidya Nagari, Kalina, Santacruz East, Mumbai, Maharashtra 400098 |
| LIC HFL | LIC Housing Finance Ltd | 3WM4+G96 Rupa Plaza, BMC Office, A/101, Jawahar Rd, above IDBI bank, near LIC branch, Ghatkopar, Saibaba Nagar, Pant Nagar, Ghatkopar East, Mumbai, Maharashtra 400077 |
| PNB | PNB Housing Finance Limited | 6th Floor, Presidential Plaza, No. 601&602, Lal Bahadur Shastri Marg, opposite R City Mall, Ghatkopar West, Mumbai, Maharashtra 400086 |
| PNB Housing | PNB Housing Finance Limited (Andheri East) | No 2 & 3, Ground Floor, Baba House, Sir Mathuradas Vasanji Rd, J B Nagar, Andheri East, Mumbai, Maharashtra 400093 |
| Bajaj Housing | Bajaj Housing Finance Limited - Home Loan, Loan Against Property | 3rd Floor, Pramukh Plaza, Office No, C-306, Cardinal Gracious Rd, Chakala, Andheri East, Mumbai, Maharashtra 400099 |
Addresses from the lenders' Google Business listings, checked 26 Oct 2026.
0.05% interest concession for women applicants
Low processing fees
no pre-payment penalty
online application and EMI calculator
repayment tenure up to 30 years
zero hidden charges
Typically quick approval with instant approval option available online
Balance Transfer
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan
Nariman Point Branch
Fort Branch
Andheri Branch
Bandra Branch
assistance at every step
Attractive interest rates starting from 7.90% p.a.
flexible EMI plans up to 30 years
minimal documentation
simple online application process
Trufixed loans with fixed rate for initial period
Typically quick approval with online application process completing in 3 steps; exact time varies but emphasis on timely disbursal
Balance Transfer Loan
Home Construction Loan
Home Extension Loan
NRI Home Loan
Regular Home Loan
Top-up Loan
HDFC Bank Andheri Branch
HDFC Bank Bandra Branch
HDFC Bank Fort Branch
HDFC Bank Vile Parle Branch
