Understanding Home Loans

A home loan helps you finance the purchase or construction of a property, with flexible repayment options and competitive interest rates, making homeownership more accessible while spreading costs over a long period.

Home loans typically require a down payment and come with varying terms and conditions, including loan tenure, interest rates, and eligibility criteria, helping borrowers secure their dream home while managing finances effectively.

Benifit of Home Loan

• Purpose: Finance the purchase, construction, or renovation of a property.
• Collateral: The property itself serves as collateral for the loan.
• Loan Amount: Typically covers up to 80-90% of the property’s value.
• Down Payment: Borrowers must make an initial down payment, usually 10-20%.
• Interest Rates: Can be fixed or floating, affecting monthly payments.