Being the most favoured
method for financing the purchase or construction of a house, banks and
financial institutions offer a variety of options of loans.
Here are the most common
types of housing loans in the country
1. Home purchase loans – One of the most
common types of loan, home purchase loan can be used to buy a ready-to-move-in
unit, an under-construction property or a resale home. The maximum tenure
available is 20 years, while the amount can range from 2 lakhs to 200 lakhs.
2. Land purchase loans – This is obtained for
buying a plot for house construction or as a long-term investment. Offered only
for residential plots, its maximum tenure is 15 years.
3. Home construction loans - These loans are
ideal for ones who want to build a house. Applying for this loan involves
making a rough estimate of the construction cost.
4. Home renovation loans - It is offered for
renovating a property that is already constructed and can be availed for up to
15 years.
Ladder Kerala the trusted
builders of flats in Calicut comes with world-class design and superior
facilities at their flagship residential project Ladder Mankav Greens. The
project apartments in Calicut is a great investment choice in the heart of Calicut city.
To Know More About The Project http://ladderkerala.com/ladder-mankav-greens/
Read More
ReplyDeleteThanks for sharing awesome information about real estate projects. I also want to share a new commercial project name
Flats in Kochi
Flats in Ernakulam
Apartments in Kochi
Apartments in Ernakulam
Thank you for sharing this information. It has helped me to know more about
ReplyDeletetypes of home loans