Home Loan

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  • Amount- 10 Lakhs to 500 Lakhs
  • Tenure- Upto 30 Years
  • ROI- (8.35% to 12%)

This is a product where we can take a fund for purchasing our dream home. 
The ROI of HL is Lower than Other Loan Products. The ROI of HL depends on customer tocustomer. Documentation of this Product is also Lower Than Others.Also Disbursing time period for this is Minimum for others.

Plot + Construction Loan:-

P+C is a Mix Type Of LAP & HLIn this product we can get fund for renovate the Home.

Also,we can get fund to do construction on plot.The ROI of this product is Higher than HL but lower than LAP. 

What is a Home Loan?

A home loan is an amount an individual borrows from a financial institution to buy a new or a resale home, construct a home or renovate or extend an existing one. The money is borrowed at a specific interest rate and repaid within a particular duration in smaller instalments known as EMIs (Equated monthly instalments).

What are the types of Housing Loans available in India?

In India, financial institutions offer different types of home loans to suit the specific needs of customers.

  • Home Loans

This is the most common type of home loan. As the name suggests, these loans are meant for buying a new apartment, row house, or bungalow, from a developer or a development authority. You can use this type of loan to purchase under-construction or ready properties.

  • Home Construction Loan

You can avail a home construction loan if you already own a plot and require funds for the construction of the house on that land.

  • House Renovation Loan

If you already own a house and want to renovate it, you can apply for a house renovation loan. You can use a house renovation loan for painting, tiling, roof repairs, etc.

  • Home Extension Loan

As your family grows, you may need a bigger house to accommodate all the members comfortably. A home extension loan could be helpful in such a situation. You can get this type of loan to fund the cost of adding a new room/floor to your home, extending the kitchen, building a new bathroom, etc.

  • Plot Loan

If you wish to buy a plot with the intention of constructing your own home in the future, you can avail a plot loan.

  • Balance Transfer Loan

This service that allows you to transfer your existing home loan from one lender to another. A Balance Transfer is usually done to get loans at a lower interest rate, flexible repayment terms and some other benefits.

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