HEALTH INSURANCE
A home loan, also known as a housing loan or mortgage, is a financial product designed to help individuals buy or construct a home without needing to pay the full amount upfront. The borrower repays the loan amount in monthly installments (EMIs) over a specified tenure, which can range from 5 to 30 years.
There are various types of home loans, such as:
Loan for Purchase of a New/Resale Home
Home Construction Loan
Plot Loan (for purchasing land)
Home Renovation/Improvement Loan
Home Extension Loan
Balance Transfer Loan (to shift an existing home loan to another lender for better terms)
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