Home Loan

A sum of money borrowed from a financial institution or bank and NBFCs to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms.

Home Loan is a Secured loan offered against the security of a house/property which is funded by the bank’s and NBFCs the property could be a personal property or a commercial one. The Home Loan is a loan taken by a borrower from the bank issued against the property/security intended to be bought on the part by the borrower giving the banker a conditional ownership over the property.

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General Information

There are various factors to consider while taking a Home Loan in order to assure the borrower gets the best possible deal. Rate of Interest varies from 6.65% to 7.75% subject to certain conditions.

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Loan Simple Process

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