{"id":2730,"date":"2018-07-03T18:48:08","date_gmt":"2018-07-03T13:18:08","guid":{"rendered":"https:\/\/www.onlinecivilforum.com\/site\/?p=2730"},"modified":"2022-12-13T11:33:04","modified_gmt":"2022-12-13T06:03:04","slug":"different-types-of-home-loans","status":"publish","type":"post","link":"https:\/\/onlinecivilforum.com\/site\/different-types-of-home-loans\/","title":{"rendered":"Different Types of Home Loans"},"content":{"rendered":"

Different Types of Home Loans<\/strong><\/h1>\n

What is house loan??<\/strong><\/h2>\n
    \n
  • Acquiring a home which you can proudly call as your \u201cOwn House\u201d is a lifetime decision.<\/li>\n
  • Home Loan is offered to individuals who wish to purchase or construct a house.The property is mortgaged to the lender as a security till the repayment of the loan.<\/li>\n<\/ul>\n

    Importance of Home Loan<\/strong><\/h2>\n
      \n
    • The need for home loans arises not because property prices are heading upwards all the time but because home loans make great sense from a long-term savings perspective.<\/li>\n
    • Not only are home loans a handy tool for the common man to own a roof over his head but they also help save money in the long run.<\/li>\n
    • With skyrocketing real estate prices, people are increasingly opting for housing loans to acquire their dream home.<\/li>\n
    • Interest rates are coming 76 down all the time and the banks and the housing finance companies are literally falling over each other to lure the prospective home-seekers.<\/li>\n
    • Even if one can afford to buy a home with one’s own money, home loans should be availed because they act as good savings instrument.<\/li>\n<\/ul>\n

      Types of Retail Loans<\/strong><\/h2>\n
        \n
      1. Home Loan<\/li>\n
      2. Home Loans to NRIs \/ PIOs<\/li>\n
      3. Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)<\/li>\n
      4. Loan Against Future Rent Receivables<\/li>\n
      5. Mortgage Loan<\/li>\n
      6. Education Loan<\/li>\n
      7. Car Loan<\/li>\n
      8. Two Wheeler Loan<\/li>\n
      9. Loan to Professionals<\/li>\n
      10. Traders Loan<\/li>\n
      11. Personal Loan<\/li>\n
      12. Reverse Mortgage Loan<\/li>\n<\/ol>\n

        Types of Home Loan<\/strong><\/h2>\n
          \n
        • Home Purchase Loan<\/li>\n
        • Home Improvement Loan<\/li>\n
        • Home Construction Loan<\/li>\n
        • Home Extension Loan<\/li>\n
        • Land Purchase Loan<\/li>\n
        • NRI Home Loan<\/li>\n<\/ul>\n

          \"\"<\/p>\n

          Basic Process of Availing Home Loan in India<\/h2>\n

          Bring in your merchandise and all related documentation such as receipts and appraisals.<\/p>\n

          We evaluate the current secondary used market value of the item.<\/p>\n

          We offer you a loan amount and explain the loan process.<\/p>\n

          You choose whether or not accepts the offer you are under no obligation at all.<\/p>\n

          You sign a tamper-proof bag for any jewelry loan and the item is sealed inside.you receive immediate cash.<\/p>\n

          The item is returned when you repay the loan and unseal the bag.<\/p>\n

          Elements to Determine Cost of the House <\/strong><\/h2>\n
            \n
          • Readymade Properties<\/li>\n
          • Self-Constructed Properties<\/li>\n<\/ul>\n

            HOME INSURANCE<\/strong><\/h2>\n

            After sanctioning home loan one needs to ensure it against future risks and perils.<\/p>\n

            Besides natural calamities such as cyclones and earthquakes, man-made disasters, too, pose significant threats to residential properties.<\/p>\n

            Here comes the use of home insurance policy.<\/p>\n

            In the present time, a number of insurance companies and banks are coming up with attractive home insurance policies, which provide cover for the property in case of all the aforementioned hazards.<\/p>\n

             <\/p>\n","protected":false},"excerpt":{"rendered":"

            Different Types of Home Loans What is house loan?? Acquiring a home which you can proudly call as your \u201cOwn House\u201d is a lifetime decision. Home Loan is offered to individuals who wish to purchase or construct a house.The property is mortgaged to the lender as a security till the repayment of the loan. Importance …<\/p>\n","protected":false},"author":2264,"featured_media":2732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"two_page_speed":[],"footnotes":""},"categories":[23],"tags":[410],"class_list":["post-2730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estimation-and-costing","tag-home-loan"],"yoast_head":"\nDifferent Types of Home Loans<\/title>\n<meta name=\"description\" content=\"Different Types of Home Loans What is house loan Acquiring a home which you can proudly call as your \u201cOwn House\u201d is a life-time decision.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/onlinecivilforum.com\/site\/different-types-of-home-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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