very person has a dream of owning their own house. However, not everyone has the necessary money to purchase it. If you want to buy a house for residential purpose, then you can opt for home loan. Home loans are secured loans. The financial institute will retain the property documents as collateral. You can simply compare top banks and NBFCs (non-banking financial companies) offers on housing loan and apply for the loan. If they are rejecting your loans due to low cibil score then call us on 9324120120, we will get your loan approved. or apply at Home Loan For Cibil Defaulters
Why Choose a Home Loan with us ?
You can avail home loan for purchase of resale or new property for residential purpose. It can be a flat, a piece of land, or any residential home. The home loan can be used for home extension, construction, renovation and repair as well. Sometimes, if you want additional loan on existing loan, and opt for a home loan top up.
There are no unsecured home loans as in the bank or NBFC will keep the property documents as collateral. However, you can stay in the house and use it for residential purpose even while the repayment tenure is ongoing.
Types of Home Loans in India
Home loan is a broad category and there are various types of home loans in it. Some banks and NBFCs offer only loan to purchase new or existing property, while other banks and NBFCs offer loan based on borrower’s need for renovating the house and additional expenses or other emergencies.
Below are the sub-types of housing loan in India:
Home Construction Loans: If you want home loan for constructing a house on a plot or land, then you can get sufficient funds in form of home construction loan.
Plot Loans/Land Purchase Loans: These loans are taken to buy land or plot for investment or construction. The funds are used to purchase vacant plot.
Loan to Purchase House: This is the typical loan you can take to purchase new or old residential property. Tenure ranges from 1 year to 15 years and in some cases 30 years.
Home Conversion Loans: If you own a house that has an existing housing loan, but plan to buy a new house, then you can take home conversion loan.
Top up Home Loan: If you have an existing home loan but want additional loan to purchase the house or make renovations in the same, then you can take top-up online home loan apply from us.
Home Extension Loans: If you want to add more space to your house then you can choose home extension loan and extend your house area.
Home Improvement Loans: You can apply for a home loan to renovate or repair your current house.