You can take a home loan forbuying, building, repairing, and expanding a residential property so that youdo not have to break your savings and investments for these tasks. In this, theproperty concerned is mortgaged with the bank/lending institution till the loanis repaid. Homeloan interest rates start from 6.65% p.a. Loaninstitutions usually worth being pledged as loan assets amount to 75% to 90%have been approved by, the use of 30 payments over years can be repaid.
You also get a host ofbenefits when you take a home loan like tax benefits, PMAY home loan subsidy upto Rs. 2.67 lakh, balance transfer facility, and top-up loan. In this article,apart from home loan schemes, we have also given information such as a homeloan calculator, home loan terms and conditions, home loan subsidy, home loaninterest rate, and more.
