Home loans come in various types to suit your needs. Popular options include Home Purchase Loans for buying properties, Home Construction Loans for building on owned land, and Home Improvement Loans for renovations. Consider Home Extension Loans for expanding your current property, NRI Home Loans for non-resident Indians, and Joint Home Loans for a shared responsibility. Take advantage of specialised schemes like Affordable Housing and Women's Home Loans. Explore options like Home Loan Balance Transfer and Top-Up Loans for better terms. Before deciding, compare rates and terms from different lenders.
Different types of home loans in India cater to various needs - from buying a property to renovations and expansions
Home loans come in forms like Purchase, Construction, Improvement, Extension, NRI, Balance Transfer, Joint, Affordable Housing, Women-specific, and Top-Up loans
Each loan type serves a specific purpose, offering unique features like long repayment tenures, staged disbursements, and tax benefits
Consider your needs and financial situation thoroughly before choosing a home loan type
Compare interest rates, processing fees, and terms from different lenders to make an informed decision
Specific loans like Affordable Housing and Women-specific schemes offer lower rates and relaxed eligibility criteria
Joint home loans combine incomes for higher eligibility and individual tax benefits for co-applicants
Top-Up loans can be used for additional funds on existing home loans, often at lower interest rates