Various varieties of housing loans are offered by different financial institutions. Prominent among these are:
  • Home LoansThis is the basic housing loan for the purchase of a new home, which covers the cost of the flat, deposits and charges, stamp duty and registration charges.
  • Home Improvement / Extension LoansThese are for the purpose of undertaking repair works and renovations in a home that is already owned by you.
  • Bridge LoansBridge loans are for people who wish to sell their existing house and purchase another one and need finance for the new house until a buyer is found for the old one.
  • Balance TransferA balance transfer indicates the paying off of an existing housing loan and availing of a loan with a lower rate of interest.
  • Refinance LoansRefinance loans are taken to pay off the debt incurred from private sources such as relatives and friends, for the purchase of your present house.
  • Loans To NRIsThese loans are designed as per the requirements of NRIs who want to buy a house in India.