Home Loan Guide

A Comprehensive Home Loan Guide For First Time Home Buyers In India.

Home Loan Guide


home loans in India

Everyone dreams of owning a house. It is considered to be one of the three necessities of life: Roti (bread), Kapada (Clothing), and Makkan (House) in that order. Once you complete your studies, take up a job, and get married, you start dreaming about your own house as you would have met or got the confidence that you would be able to meet the first two needs. However, building or buying a home of your own would be one of the major decisions you will be making in your life. This is because you will be making a long-term financial commitment.

Deciding to go in for your own home is an important decision in your life as it forms part of your goal to secure your family’s future. That said, most people in India would need some kind of financial assistance to help them fructify their dream. To cater to this need, many banks and other financial institutions in India extend home loans to eligible individuals.

If you are planning to buy a new home, you must have a clear idea about home loans and mortgages to make an informed decision. Simple mistakes that many people make can cost them a great deal of money over the term of the loan that often runs into 20 to 30 years. This home loan guide will take you through all the aspects you need to know before applying for a home loan and buying a home for yourself. So, let us get started.

What Is Home Loan

Home loan and its advantages

A home loan can be defined as the amount of money borrowed by an individual from either a bank or a financial institution at a specified rate of interest. The money borrowed should be paid back based on equated monthly installments (EMI) within the agreed period. Often, the borrower offers the property as collateral security for the money advanced by the lender for buying the home. The property may be personal or commercial. If the borrower fails to repay the loan amount, the lender can legally recover the outstanding amount by selling the property that was offered as collateral security.

Advantages of taking a home loan

Though availing a home loan is a long term financial commitment, it does offer some benefits. Some of them are listed below:

  • Capital appreciation : In the longer-term, the property prices will only increase and not depreciate.
  • Credit eligibility increases : Once you have paid off the mortgage and have achieved the complete ownership of your house, you can avail loans against it.
  • Helps in building good credit history : A mortgage is generally considered to be a good debt, unlike credit card debt, as it is linked to an asset.
  • Tax benefits : A home loan comes with several tax benefits. The deduction can be availed for the interest paid on the home loan, interest paid during pre-construction period, principal repaid, and registration and stamp duty charges. People buying their first home and availing joint home loans are also eligible for certain benefits.
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    Different types of home loans in india


Thank you for visiting our website. We would like to take this opportunity to keep you up-to-date with the changes currently being deployed in accordance with the rules and regulations stipulated by RERA – Real Estate Regulatory Authority.

This process may take time, and it’s duly advised not to take any information currently mentioned on the website like images, material, stock photography, projections, details, descriptions, etc. to make a final purchase decision. All information should be deemed to be or considered only as advertisements, solicitations, marketing, offer for sale, an invitation to offer, an invitation to acquire, including within the purview of RERA.

You are therefore requested to personally verify all the details and aspects of any booking/acquisition of units/premises, directly with our sales department. To reiterate, please do not rely on the information contained on this website to make a final purchase decision until all the revisions and updated are completed.

Also, please note that we’ll not be accepting any bookings or allotments based on the material, images and descriptions mentioned on the website. We request you to contact our sales department for expert advice and information on the same.

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