4 Types of Home Loans in India

Types of home loans a home buyer can avail:

1. Home purchase loan: To finance the purchase of a new residential property (Property will be mortgage to the bank for no of year)

2. Home conversion loan: To make a move to a lower rate of interest or alter the interest spread on the current loan.

3. Home improvement loan: If you already own a home and want to improve it.

4. Home extension loan: If you want to expand/extend your existing house.