INFORMATION: Home Loan Options

Loans available not only for salaried but self-employed, agriculturists and businessman.
Home loans are available to buy under construction or ready built units, furnish existing homes, build additional flores on an existing homes.
There are loans availablen to buy developed plots and then construct a house.
A working couple can seek a higher loan if they apply as co-borrowers and both are eligible for the tax sops
Home loans are also available to buy additional homes to rent out and earn rental income
Home loans are available even for senior citizens who can show recurring income even after retirement
Housing finance institutions are flexible in that they reschedule the loan repayment period depending on their qualification, family size, savings, re-employement potential and other incomes
Home loan borrowers can avil top-up loans offered by sevsral institutions
Those who are aspiring for higher education abroad can use property as a security while seeking an education loan. This is irrespective of the fact whether there is an existing home loan liability attached to the property
Even dring later years, the asset acquired through a home loan comes in handy to meet any contingencies. This is because reverse morttagage allows senior citizens to remain in the house and also retain their ownership. The money they get from reverse mortgage can be used for anything like meeting day-to-day expenses, home improvements, for healthcare

INFORMATION