WHAT IS HOME LOAN ?
A home loan is an amount an individual borrows from a financial institution such as a housing finance company to buy a new or a resale home, construct a home or renovate or extend an existing one. The money is borrowed at a specific interest rate and repaid within a particular duration in smaller instalments known as EMIs (Equated monthly instalments).
WHY CHOOSE US..?
This is the most common type of home loan availed to purchase a house. There are many housing finance companies, public banks, and private banks that offer housing loans where you borrow money to purchase the house of your choice and repay the loan in monthly instalments.
You can get up to 80%-90% of the house’s market price in the form of financing. The lender will hold the house until you completely repay the loan.
Benefits Of HOME LOAN
- Tax benefits
- Lower interest rate
- Due diligence of property
- Long repayment tenure