Home Loan
This is the most common type of home loan. As the name suggests, these loans are meant for buying a new apartment, row house, or bungalow, from a developer or a development authority. You can use this type of loan to purchase under-construction or ready properties.
Home Construction Loan
You can avail a home construction loan if you already own a plot and require funds for the construction of the house on that land.
Home Extension Loan
As your family grows, you may need a bigger house to accommodate all the members comfortably. A home extension loan could be helpful in such a situation. You can get this type of loan to fund the cost of adding a new room/floor to your home, extending the kitchen, building a new bathroom, etc.
House Renovation Loan
If you already own a house and want to renovate it, you can apply for a house renovation loan. You can use a house renovation loan for painting, tiling, roof repairs, etc.
Plot Loan
If you wish to buy a plot with the intention of constructing your own home in the future, you can avail a plot loan.
Credit score
A high credit score and clean repayment records will enhance your chances of getting a faster loan approval.