We very well understand that Home is just not a place to reside. It is an emotion and experience the journey called life. Thus, owning one’s own Home is the most popular thing on everyone’s bucket list. But sometimes financial crunches dampen this experience of Joy. But as long as you have access to the best possible home loan, your dream home isn’t that far.
Home Loan is a loan provided by a bank or a financial institution for the purchase of a residential property. The loan can be used to purchase a new/ resale house, construct a house or to buy an under-construction house from a builder. The same property will serve as a collateral security.
Most Banks HFCs sanction 75% to 90% of property’s value as home loans. Low processing fee, provisional sanction, 30 years of tenure & flexible EMIs are some of the key benefits of home loans.
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