Types of Home loans: Which one is suit for you?

There are many variety of home loans available in India

Main loans list below:
 #  Home Purchase Loan
      This is the loan for purchasing a house.
 #   Home Improvement Loan
      This loan is given for implementing repair works and renovations to your home.
 #   Home Construction Loan
      This loan is available for the construction of a new home in own land.
#   Home Extension  Loan
     Loans given for expanding/ extending an existing home. For example, addition of an extra room, addition of an extra floor etc.

#   Bridge Loan
      The Loan is designed for people who wish to sell the existing house and purchase another house. The bridge loan helps finance the new house, until a buyer is found for the old house.
  #  Land Purchase Loan/ Plot Loan
      This type of loan is sanctioned for purchase of land, for both house construction/investment purposes.
#   NRI Loans
      This loan is tailor made for the requirements of NRIs  (Non residents Indians) wishing to build/ buy a house/flat/land in India
 #  Stamp duty Loan
  This loan is sanctioned to pay the stamp duty amount that needs to be paid on the purchase of a House/flat/land

#  Balance Transfer Loan
    Balance Transfer loans help to pay off an existing home loan with a higher interest rate, and avail of a loan with a lower rate of interest.
# Mortgage Loans
This is a main loan, the mortgage loan allows the borrower to apply for loan against a property like house, flat, land.

Also read
What is Pre - approved loans?

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