Home Loan

A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenors. They are repaid through EMIs. After repayment, the property’s title is transferred back to the borrower.

• Home purchase loan: Taken to purchase a home.
• Home improvement loan: Taken to repair/renovate a home.
• Home construction loan: Taken to build a new house.
• Land purchase loan: Taken to buy a plot of land for constructing his/her own house.
• Home extension loan: Taken to add another floor, room, garage, bathroom, or kitchen, etc.
• Joint home loan: Taken by two or more people, such as by spouses.
• Home loan balance transfer: Allows you to switch lenders and transfer your outstanding loan amount to enjoy better terms and conditions and lower interest outgo.
• Top-up home loan: Allows you to borrow funds over and above the outstanding loan amount at nominal rates and for any purpose.

If you are looking for a home loan, familiarize yourself with the tips to get your home loan approved instantly and fill out the online home loan application form.