Home Loan

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HOME LOAN
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INTRODUCTION

• A loan given by bank , mortgage company or other
  financial institutions for the purchase of
  primary residence.
• The owner need to transfer the title to the
  lender.
• The borrower gets the title back after following
  conditions
• - payment of loan
• - other terms of mortgage

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Requirements For Home Loan

• Before applying for home loan certain documents
  are mandatory for approval of home loan weather
  its a government or a private bank. The
  documents vary for salaried employees and self
  employed people. The documents required for home
  loan serves as a proof of your identity, address
  , income and also plays a major role in deciding
  the amount of loan to be issued.

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Types Of Home Loan
Sr. No. Types Purpose
1. Home Purchase Loan When purchasing a new house
2. Home Construction Loan When constructing a new house over an acquired plot
3. Home Extension Loan Taken for alteration of the existing house
Various other types of home loans are also
available.
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Organizations Offering Home Loan

• Government Banks
• - State Bank Of India (SBI).
• - Bank Of Baroda
• - Allahabad Bank
• Private Banks
• - HDFC
• - ICICI Home Loan
• -PNB Housing Finance Limited

Different banks offer different interest rates
for home loans.
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Home Loan Advantage

• Low interest rates.
• Tax benefit.
• Capital Appreciation

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Thank You