Competitive Interest Rates from 7.85%*, Maximum Funding, and Hassle-Free Processing for Your New Home Purchase.
We Simplify the Complex Process, Negotiate Lower Rates, and Secure Your Dream Home.
We work tirelessly to secure home loans starting at 7.85%* p.a., ensuring your EMIs are affordable.
Don't let funding hold you back. We help you get the maximum possible loan based on property value and your profile, ideal for properties over ₹50 Lakhs.
Experience our streamlined application process with minimal documentation and quick approvals.
Benefit from almost 0%* processing fees (refunded/adjusted post-disbursement), saving you significant upfront costs.
Our team comes to you for documentation and formalities across Thane, Mumbai, and Navi Mumbai.
Discuss your needs with our experts. We'll assess your eligibility and guide you on the best loan options.
Our team assists you in preparing and collecting the minimal required documents from the comfort of your home.
We liaise with partner banks for quick processing and aim for sanction promptly once all documents are in
Once approved and legal formalities are complete, the loan amount is disbursed directly to the seller/builder.
Answering your common questions
A CIBIL score of 750 or above is generally considered excellent by lenders and makes you eligible for the best interest rates and loan terms. However, at MyLoanMantra, we understand that your credit history can be complex. We specialise in finding solutions and can help you secure a loan even with a lower score, though the terms might differ.
The loan amount depends on several factors, including your net monthly income, existing financial obligations (like car or personal loans), your CIBIL score, and the property's value. As a general rule, banks may approve a loan amount where the EMI is around 40-55% of your net monthly income. We provide a precise calculation based on your specific profile to ensure you get the maximum possible funding.
Home loan interest rates are dynamic and vary between banks. As of mid-2025, rates from major lenders generally start from 8.45%* p.a. onwards. MyLoanMantra’s key advantage is that we compare offers from over 20+ partner banks and financial institutions to find the absolute lowest rate for your profile.
A fixed interest rate remains the same throughout the loan tenure, providing predictable EMIs. A floating interest rate is linked to the bank's lending rate and can change over time, meaning your EMI may increase or decrease. We help you analyse both options and choose the one that best suits your financial plan.
No, as per RBI guidelines, lenders cannot provide 100% financing. You are required to contribute a certain portion of the property value as a down payment. The maximum loan you can get is typically between 75% and 90% of the property's value, depending on the loan amount.
This is one of our biggest advantages. We charge almost 0% processing fees. Any nominal fee taken upfront is typically refunded or adjusted after your loan is disbursed. We believe in complete transparency and will provide you with a clear breakdown of all potential costs, including stamp duty, registration, and other statutory charges, so there are no surprises.
For loans above ₹75 lakhs, the RBI mandates a Loan-to-Value (LTV) ratio of 75%. This means you will need to pay a minimum of 25% of the property value as a down payment. For a ₹1 Crore property, this would be ₹25 Lakhs plus other costs like stamp duty and registration.
No, banks do not include stamp duty, registration fees, and other such charges in the property's valuation for loan calculation. These are upfront costs that you need to manage separately from the loan amount. We help you plan for these expenses so your budget is realistic.
A pre-approved loan is an in-principle approval from a bank based on your income and creditworthiness. We highly recommend it! It gives you a definite budget, increases your credibility with sellers, and significantly speeds up the final loan disbursal process once you select a property. MyLoanMantra can help you get pre-approval offers from multiple banks, fast.
It can be challenging as banks are often cautious about the age and legal clarity of older buildings. However, this is one of our core strengths. With our 10+ years of experience in the Mumbai, Thane, and Navi Mumbai markets, we specialise in securing the maximum loan amount on resale properties, navigating the complexities of valuation and legal checks on your behalf.
Yes, absolutely. You can get a home loan for an under-construction property from a RERA-approved builder. The loan is disbursed in tranches (parts) as the construction progresses. We help you coordinate with the builder and the bank to ensure timely payments.
LTV is the percentage of the property's value that a bank can lend you. For instance, if a property is valued at ₹1 Crore and the LTV is 80%, the bank will lend you a maximum of ₹80 Lakhs. Our team works to ensure the property valuation is accurate so that you are eligible for the highest possible LTV and loan amount.
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Yes, a top-up loan is an additional amount you can borrow on top of your existing home loan for other needs, like renovating your new home, your children's education, or any other personal expense. We can facilitate a balance transfer with a top-up, which often comes at a much lower interest rate than a personal loan.
EMI stands for Equated Monthly Instalment. It is the fixed amount you pay to the bank each month, which includes both principal and interest components. It's calculated based on your loan amount, interest rate, and tenure. We provide a clear EMI calculation so you know your exact monthly commitment.
Yes, you can prepay your home loan. For floating-rate home loans, there are no prepayment penalties as per RBI rules. For fixed-rate loans, some banks might charge a penalty. We help you choose lenders with flexible prepayment terms.
Our relationship doesn't end at disbursement. We remain your financial partners. Whether you need advice on managing your EMI, exploring top-up options in the future, or require assistance with any post-loan documentation, our team is always just a call away to provide continued support and guidance.
The primary documents include KYC (PAN, Aadhaar), address proof, the last 3-6 months' salary slips, Form 16 for the last 2 years, and 6 months' bank statements for salaried individuals. For self-employed individuals,1 it includes ITRs and business financials for the last 2-3 years. The list can seem daunting, which is why our doorstep service is so popular—we come to you to manage all the paperwork.
The timeline can vary from 1 to 4 weeks, depending on the bank and the complexity of your case. With MyLoanMantra, the process is much faster. Our expertise and direct channels with banks help us avoid common delays. We handle all the coordination, ensuring your application moves swiftly from approval to disbursal.
While your bank knows you, they will only offer you their own products. At MyLoanMantra, we are your advocate, not a sales agent for one bank. We analyse your profile and present it to multiple banks to create a competitive environment where they offer you their best possible terms. This ensures you get a better deal, lower rates, and a loan package perfectly tailored to you, saving you both time and money.
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