Home loans have become the most preferred option for financing a home purchase as it provides the buyer with the flexibility of realising his dream of a home with the convenience and security of a C backup. Banks and financial institutions have categorised different types of housing loans based on the need and amount.
Here are the 4 major types of housing loans in India
1. Home purchase loans – The most common type used to buy a ready-to-move-in property, under construction flat or a resale house.
2. Land purchase loans – For buying a plot for residential or investment purpose.
3. Home construction loan – For applicants who want to build a house from the scratch.
4. Home renovation loan – For renovating a property or to do home upgrades.
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To know more about Ladder Mankav Greens http://ladderkerala.com/ladder-mankav-greens/
Call us at +91 9400470022 for more information
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