This is the basic home loan you can opt for purchasing new home. This type of Home Loan is offered by all kinds of Banks and HFCs. This kind of loan covers the cost of the flat, deposits and charges, stamp duty and registration charges.
Home Improvement Loans helps you upgrade your existing home to a contemporary design and a more comfortable living space. Loans for enhancing your home in many ways such as tiling and flooring, internal and external plaster and painting etc. comes under Home Improvement Loans.
This loan is for people who intend to sell their existing home and purchase new one and need finance for the new home until a buyer is found for the old one.
This loan indicates paying off of an existing home loan of higher interest rate to avail a new loan with a lower rate of interest.
This type of loan is basically taken to pay off the debt incurred from private sources such as relatives or friends for the purchase of your present home.
Refinance loans are taken to pay off the debt incurred from private sources such as relatives and friends, for the purchase of your present house.
These are meant for Non-resident Indians who wish to build or buy a home or property in India.
Anyone be it Indian or Non-Resident Indian, if he/she has a steady source of income then he/she can borrow funds for financing the cost of a flat from housing finance companies and banks.
