Type of Home Loans
- Sandeep Kumar
- Jan 19, 2019
- 1 min read
Home Purchase Loan:- This type of loan provides to customer when he purchase built up home from third person (seller party). Loan amount given to the customer depends upon the market value of the property & his income. Maxium financier companies are providing loan 80% of the market value of the property & market value must be above 20lac.
Home Construction Loans:- This type of loan provide to that customer who wants to construct a house. In this loan amount is depends upon the construction estimate. Financier company provides loan 80% of the market value.
Home Improvement Loans:- When customer wants to rennovate(paints. Pop , wall putty...etc) their own house then this loan given to the customer. It also depends rennovate estimate. Company give 80% of the rennovate estimate.
Home Extension Loans: This loan is same as construction loan. In this construction of first storey, second storey...etc is include.
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