For Non-Banking Financial Companies (NBFCs), this value is 80%. The maximum loan amount offered by banks is 90% of the present market value of the property. This type of loan is taken to buy a residential property, including flats, row houses and bungalows. ![]() Mentioned below are the different types of home loan products available in India: Home Purchase Loans Home Loan TypesĪn individual can choose a home loan as per the need and affordability. To help customers meet their varying housing needs, financial institutions offer different types of home loans. ![]() Important factors to be considered while seeking a house loan are interest rate, loan amount, loan tenure, monthly EMIs on house loan and credit score. A housing loan is a specified sum of money borrowed from banks and Housing Finance Companies (HFCs) to purchase a house.
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