Home Loan
A home loan helps you buy, build, or renovate your house without straining your finances. It makes owning a home easier and more affordable.
Features of Home Loan:
- Loan amount based on property value and income
- Flexible repayment tenure
- Lower interest rates compared to personal loans
- Option for fixed or floating interest rates
- Tax benefits on principal and interest payments
Common Uses:
- Buying a new house or apartment
- Construction of a new home
- Home renovation or repairs
- Land purchase for building a house
Benefits:
- Make home ownership possible without large upfront cost
- Long repayment period reduces monthly burden
- Tax benefits save money
Frequently Ask Questions
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