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| Banksloanonline » Bank Loans in India » Home Loans |
Home Loans |
| Home loans are designed to cater to the needs of people wanting to buy their dream home. Customer friendly, easy to get and convenient repay options are the most significant features that surround the Home loans that are offered by numerous financial institutions dealing in the same. Finance companies offering home loans make available loans that enable its customers to buy property, construct a home and even purchase existing flats or home. Refinancing existing loans is also made possible through the numerous policies of home loans that are offered by the home financing companies. |
There are several types of home loans in India available for you. The major types have been mentioned below for your perusal:
Home Purchase Loans One could apply for a home purchase loan in any of the home finance companies to buy a new home.
Home Conversion Loans Loans under this variety are granted for customers who have already taken loans for financing a home and may require extra funds for an additional property to which they may want to shift.
Home Construction Loans For constructing a new home on an already existing plot, home construction loans are required.
Home extension loans, home improvement loans These loans can be applied for by people who may want to renovate or repair their existing homes.
Other than the above mentioned types, land purchase loans, stamp duty loans, and refinance loans etc are also made available to the clients applying for home loans. There are several options also available for the Non resident Indians who may wish to purchase property in the country. Inviting policies and plans of the home financing companies attract the NRI's to come and invest in property here.
Some of the major players offering home loans in India are:
- HUDCO
- HDFC Bank
- ICICI Bank
- IDBI Bank
- Allahabad Bank
- SBI Home Finance
- PNB Housing Finance
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