Loan for Resale Purchase of Residential Property

A Loan for Resale Purchase of Residential Property helps homebuyers purchase a pre-owned house or apartment from the existing owner. This loan is ideal for those looking for ready-to-move-in properties at prime locations, often at a lower cost compared to new constructions.

The loan covers the purchase price of the resale property, subject to the lender’s valuation. It comes with flexible repayment tenure, competitive interest rates, and the benefit of tax savings under the Income Tax Act.