Home Loan

A home loan is an amount of money that an individual borrows from a bank or money lending company at a certain rate of interest to be paid with the EMI every month. The property is taken as a security by the money lending company for the Home Loan. It could be commercial or personal in nature. If the borrower cannot pay the dues, the lender will possess all the legal rights to recover the outstanding loan amount by sale of the property in question.

Types of Home Loans:

• Home Purchase Loan
• Home Improvement Loan
• Home Construction Loan
• Land Purchase Loan
• Home Extension Loan
• Joint Home Loan
• Home Loan Balance Transfer
• Top-Up Home Loan