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home loans (1)

Home loans are secured loans that are obtained by pledging the collateral for the property as security with reasonable interest rates and longer terms. <br>Through EMIs, they are paid back. The borrower receives ownership of the property back after repayment.<br>Home construction loan<br>Home improvement loan<br>Home purchase loan<br>Takeover home loans<br>Land loans<br>Topup loans<br>Tax advantages<br>No repayment charges<br>Allowance for Balance Transfers<br>Extended repayment period<br>Due Diligence<br><br>

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home loans (1)

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  1. HOME LOANS 1

  2. What is Home loans?  Home loans are secured loans that are obtained by pledging the collateral for the property as security with reasonable interest rates and longer terms.  Through EMIs, they are paid back. The borrower receives ownership of the property back after repayment. 2

  3. Types of Home loans?  Home construction loan  Home improvement loan  Home purchase loan  Takeover home loans  Land loans  Topup loans 3

  4. Home loans Benefits  Tax advantages  No repayment charges  Allowance for Balance Transfers  Extended repayment period  Due Diligence 4

  5. Essential Factors in Home Loan  Ensure you comprehend the type of interest rate offered on your home loan.  During the term, a variable interest rate may change as opposed to a fixed interest rate, which does not change. 5

  6. Purpose of Home loans  Purchasing a house or flat that is still being built;  Purchasing a builder's semi-finished house or flat and finishing the interiors;  Purchasing a house or flat that is being resold 6

  7. Repayment options  Equated Monthly Instalment (EMI  Progression Monthly Instalment (PMI)  The Negotiated Repayment 7

  8. Home loans Eligibility  AGE- 21 to 65 years old  PROFESSION Paid/Self-Employed  NATIONALITY Indian resident  GENDER-All Genders 8

  9. Documentation  Voter ID Card  Aadhaar Card  Valid Driving License  Valid Passport  Last three months' salary slips  Most recent income tax returns and Form-16 9

  10. To know more loans: Home loans Top-up loans Home improvement loans plot loans takeover loans Home Extension loan 10

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