Home Loan

Home loan is long term product to finance the purchase of property. You have to make a down payment (percentage of the purchase consideration) and the lender will provide rest of the funds. For under construction properties, the home loan can also be construction linked. You have to make loan re-payments in equal monthly instalments (EMI). In home loan, the property will be lien with the lender. Some of the leading financial institution which provide home loan are LIC Housing Finance Ltd., HDFC Ltd, Bajaj Housing Finance and leading nationalized and private banks.