This loan is taken for purchasing a new house.
is taken for the purpose of renovation or repair on the property that is already bought.
is taken to expand an existing home. It can be an addition of an extra room.
This loan fits well for those who wish to move to a new home and are already liable to pay the existing home loan. Here the loan amount can be transferred to the new home that requires extra funds and also it helps in paying the previous loan. It is also known as Balance Transfer.
is for those who are doing a self construction of a new house.
is a short term loan for those borrowers who want to sell the existing house and buy a new one. Here the finance is provided for the interim period until the previous house is not sold.
helps in providing funds for the purchase of land either for investment or construction purpose.