How Many Types of Home Loans are Available in India?
What are the Types of Home Loans?
There are 6 different types of Home Loans available to you. Each type has its own advantages. You have -
Used to finance a ready to move in house/flat. PNB Housing finance up to 90% of the property value if the applied loan amount is less than INR 30 Lakh.
1. Home Purchase Loan
You can plan the construction of your dream house with this type of Home Loan.
2. Home Construction Loan
With this Home Loan, you can cover the renovation cost of your house.
3. Home Improvement Loan
Making an extra space for your growing family and falling short of funds, use this type of Home Loan to cover such expenses.
4. Home Extension Loan
Finance 70-75% of your plot of land with this type of Home Loan.
5. Plot Loan
For NRI this type of Home Loan is very advantageous as they can finance a property in India, and renovate the house.