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Home loans


Home Loans - HDFC presents House loan emi calculator to make your EMI calculation easy. Visit us for House Loan EMI Calculator, EMI Calculator Home Loan Etc. – PowerPoint PPT presentation

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Updated: 4 November 2016
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Title: Home loans

Home loans
Fulfil Your Dream of Owning a Home with the Home
Staying in own home is a dream of everyone.
People see dreams of owning home at their own
choice, but everybody doesn't able to afford
that. Nowadays in the country like India, money
is not a barrier of the dream of owning a home.
Because all the government and on-government
banks in India offer Home Loans. These loans are
specially given to those people who wants to
build-up their own home or purchase a
home. Indian banks offer Home Loans under
different categories, these include- Home
Purchase Loans - These kind of basic loans are
being provided for purchasing a new home. Home
Construction Loan Banks provides this kind of
loan for construction of home. Home Extension
Loan One can get the loan for expanding or
extending his existing home.
Home Improvement Loans People can avail these
loans if they have the requirement for
implementing repair works and renovations of
their existing home. Home Loans This loan is
the best loan for those people who want to sell
his existing home and wish to purchase a new
home. Banks help people by giving this loan to
finance the new home. Balance Transfer Loans
This kind of loan is given to pay off an existing
home loan and avail the option of a loan with a
lower rate of interest.. Home Conversion Loan
Banks provide this kind of loan to those people
who has already purchased home by taking home
loan and then wants to move on to another home
and for that he requires some extra money. Under
this category of loan the existing loan is being
transferred to the new home and the extra amount
is to be included.
In India, banks provide home loans against fixed
and floating rate of interest. Under the fixed
rate home loans the interest rate remains fixed
for the whole period of the loan. By taking loan
under this category the borrower will get the
facility of getting a fixed interest rate. But in
this case they have to pay a higher rate of
interest. On the other hand, under the floating
rate loans the rate of interest fluctuates
accordingly. The repayment of home loans is to be
given through Equated Monthly Instalment (EMI).
The home loan EMI depends on the amount and the
repayment period one takes. In this age of
technology, one can apply for the home loan
Online. By applying online one gets relief from
the lots of hassle like visiting to the lenders,
seeking for the best home loan deal, do the huge
formalities and fulfil the long paper works. By
availing these loans online one just has to sit
on a Internet enabled computer, make a search for
the best Home Loans deal and after choosing one
just has to fill a form, that's it. By doing some
simple procedures you dream can come true.
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