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DIfferent Types of Home Loans


Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the lender as a security till the repayment of the loan. Loan acquired from a financial institution to purchase a home. Home loans may also be referred to as mortgage loans. Read out more about different types of home loans. – PowerPoint PPT presentation

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Title: DIfferent Types of Home Loans

Different Types of Home Loans
What is house loan??
  • Acquiring a home which you can proudly call as
    your Own House is a life-time decision.
  • Home Loan is offered to individuals who wish to
    purchase or construct a house. The property is
    mortgaged to the lender as a security till the
    repayment of the loan.

Importance of Home Loan
  • The need for home loans arises not because
    property prices are heading upwards all the time
    but because home loans make great sense from a
    long-term savings perspective.
  • Not only are home loans a handy tool for the
    common man to own a roof over his head but they
    also help save money in the long run.
  • With skyrocketing real estate prices, people are
    increasingly opting for housing loans to acquire
    their dream home.
  • Interest rates are coming 76 down all the time
    and the banks and the housing finance companies
    are literally falling over each other to lure the
    prospective home-seekers.
  • Even if one can afford to buy a home with one's
    own money, home loans should be availed because
    they act as good savings instrument.

Types of Retail Loans
  • Home Loan
  • Home Loans to NRIs / PIOs
  • Interest Subsidy Scheme for Housing the Urban
    Poor (ISHUP)
  • Loan Against Future Rent Receivables
  • Mortgage Loan
  • Education Loan
  • Car Loan
  • Two Wheeler Loan
  • Loan to Professionals
  • Traders Loan
  • Personal Loan
  • 12. Reverse Mortgage Loan

Types of Home Loan
  • Home Purchase Loan
  • Home Improvement Loan
  • Home Construction Loan
  • Home Extension Loan
  • Land Purchase Loan
  • NRI Home Loan

Basic Process of Availing Home Loan in India
Elements to Determine Cost of the House
  • Readymade Properties
  • Self-Constructed Properties

  • After sanctioning home loan one needs to insure
    it against future risks and perils.
  • Besides natural calamities such as cyclones and
    earthquakes, man-made disasters, too, pose
    significant threats to residential properties.
  • Here comes the use of home insurance policy.
  • In the present time, a number of insurance
    companies and banks are coming up with attractive
    home insurance policies, which provide cover for
    the property in case of all the aforementioned

  • Hope this presentation was helpful to you !!!
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