HOME LOAN TYPE


HOME LOAN TYPE

Types of Home Loans:

  • Home purchase loan: This is a loan that one takes to buy a house.
  • Home Improvement Loan: This loan covers the expenses related to the repair or renovation of your home.
  • Home construction loan: When you build a new house, this loan helps a lot.
  • Land Purchase Loan: Any person who wants to buy land to build his own house can avail this loan.
  • Home Extension Loan: This loan can be taken to add an extra room, garage, bathroom or kitchen to your house. This is a loan for which you must apply and if you are planning to build another floor, then it will be easier.
  • Joint Home Loan: In this type of loan, two or more people take a loan together. For example, Spouse Zoint can apply for a home loan.
  • Home loan balance transfer: You can use this facility to switch your outstanding loan amount to another lender with better terms and conditions and less interest.
  • Top-up home loan: This type of loan helps you borrow some more money over the outstanding loan amount. Attractive interest rates are offered by Bajaj Finserv for top-up loans.

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