There are a variety of home loans available. They are:
- HOME PURCHASE LOAN
This is the common loan for purchasing a home.
- HOME IMPROVEMENT LOAN
This loan is given for implementing repair works and renovations to your home.
- HOME CONSTRUCTION LOAN
This loan is available for the construction of a new home.
- HOME EXTENSION LOAN
Home extension loans are given for expanding or extending an existing home. For example, addition of an extra room, etc.
- LAND PURCHASE LOAN
This type of loan is sanctioned for purchase of land, for both home construction or investment purposes.
- BALANCE TRANSFER LOAN
Balance Transfer loans help you pay off an existing home loan with a higher interest rate, and avail of a loan with a lower rate of interest.
- REFINANCE LOAN
This loan helps you pay off the debt you have incurred from private sources such as relatives and friends, for the purchase of your present home.
- LOANS TO NRIs
This loan is tailored for the requirements of NRIs wishing to build or buy a home in India