Home First Home Loan in Mumbai
Interest rates from 8% p.a. · EMI from ₹80,714/month for a ₹110L loan over 30 years. Updated for 2026.
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Quick EMI Estimate
Based on the average loan amount in Mumbai (₹110 lakh) at Home First's minimum rate of 8% p.a.
Why choose Home First Finance for a home loan in Mumbai?
Technology-driven affordable-housing lender focused on first-time buyers, with risk-based pricing.
Mumbai's property market is India's most expensive, with average 2BHK prices crossing ₹1.8 Cr. High loan amounts mean even small rate differences translate to lakhs in savings.
Popular Mumbai localities for home buyers
Mumbai's most active home-buying corridors are concentrated in these areas, where Home First customers are typically funding 70–90% of property value:
Average property price (2BHK): ₹180 lakh · Per-sqft rate: ₹22,000
How much will you save by prepaying?
A ₹110 lakh Home First home loan at 8% over 20 years means you pay roughly ₹1,10,81,920 in interest alone — almost as much as the principal itself.
A modest ₹10,000/month prepayment can shave 6–8 years off your tenure and save ₹15–25 lakh in interest. The NestSaver prepayment simulator shows you exactly how much, in seconds.
Run prepayment simulation →Compare top home loan offers in Mumbai →
Frequently Asked Questions
What is the Home First home loan interest rate in Mumbai?
Home First Finance offers home loans in Mumbai starting at 8% p.a., going up to 22% p.a. depending on your CIBIL score, loan amount, and employment profile. The processing fee is Up to 2%.
What is the EMI for a ₹110 lakh Home First home loan in Mumbai?
For a ₹110 lakh loan from Home First Finance at 8% interest, the EMI is approximately ₹92,008 for 20 years, ₹84,900 for 25 years, and ₹80,714 for 30 years. Use the NestSaver calculator above for exact figures based on your loan amount and tenure.
How much home loan can I get from Home First in Mumbai?
Home First Finance typically finances up to 90% of the property value as a home loan in Mumbai, subject to a maximum tenure of 25 years. Your eligibility depends on your monthly income, existing EMIs, and credit score (typically 750+ for the best rates).
What documents are required for Home First home loan in Mumbai?
You will need identity proof (Aadhaar/PAN), address proof, last 3 months' salary slips, last 6 months' bank statements, Form 16 or ITR for 2 years, and property documents (sale agreement, NOC from builder/society, approved plan). Self-employed applicants need GST returns and business proof.
Is prepayment allowed on a Home First home loan?
Yes. Under RBI guidelines, Home First Finance cannot charge any prepayment penalty on floating-rate home loans. You can make partial or full prepayments at any time to reduce your interest burden. Use the NestSaver prepayment simulator to see exactly how much you can save.
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