A home loan (or mortgage) is a secured loan allowing individuals to borrow funds from banks, housing finance companies, or NBFCs to buy, build, or renovate a residential property—the property itself acts as collateral.
Home Purchase Loan: Financing for buying a new or resale property, typically disbursed as a lump sum and repaid via EMIs.
Home Construction Loan: Funds are disbursed in stages linked to construction milestones.
Home Renovation / Extension Loans: Financing for improving or extending existing property.
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