There are a
variety of home
loans available
in India, offered
by various financial
institutions like
Banks and Housing
Finance Companies,
such as:
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Home
Purchase Loan |
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Existing Home
Improvement
Loan |
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Home Construction
Loan |
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Home Extension
Loan |
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Home Conversion
Loan |
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Land Purchase
Loan |
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Bridge Loan |
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Balance Transfer
Loan |
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Refinance
Loan |
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Loans to NRIs
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Home
Purchase Loan
Home purchase loan
is the basic home
loan for purchase
of a new home.
Existing
Home Improvement
Loan
Home Improvement
Loan is to finance
internal and external
repairs and other
structural improvements
that will add life
and value to your
home. Some of the
Home Improvements
that can be financed
under this scheme
include: External
repairs, Waterproofing
and roofing, Internal
and external painting,
Plumbing and electrical
work, Tiling and
flooring, Grills
and aluminum windows,
Waterproofing on
terrace, Construction
of underground/overhead
water tank, Paving
of compound wall
(with stone/tile/etc.),
Bore well etc.
Home
Construction Loan
Home construction
loan is for the
construction of
a new home.
Home
Extension Loan
Home Extension Loan
is to extend or
add space to your
existing house.
Be it an additional
room on the same
floor or the terrace,
a larger bathroom,
or even enclosing
an open balcony.
The Home Extension
loan will facilitate
your home extension
plans.
Home
Conversion Loan
Home Conversion
Loan is for those
who have financed
the present home
and wish to purchase
and move to another
home with a Home
Loan. Through a
Home Conversion
Loan, the existing
loan is transferred
to the new home
including the extra
amount required,
eliminating the
need for pre-payment
of the previous
loan.
Land
Purchase Loan
Land purchase loan
is for purchase
of land for both
home construction
or investment purposes.
Bridge
Loan
Bridge loans are
for the people who
wish to sell the
existing home and
purchase another.
The bridge loan
helps finance the
new home, until
a buyer is found
for the old home.
Balance
Transfer Loan
Balance transfer
loan helps you to
pay off an existing
loan and avail the
option of a loan
with a lower rate
of interest.
Refinance
Loan
Refinance loan helps
you pay off the
debts you have incurred
from private sources
such as relatives
and friends, for
the purchase of
your present home.
Loans
To NRIs
Loans for the NRIs
who wish to build
or buy a home in
India. NRIs can
avail loan for buying
or constructing
a new home, extending
an existing home,
to undertake improvements
in existing home
or even to buy a
plot of land from
Development Authorities.
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