All You Need To Know About Home Loan

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All You Need To Know About Home Loan
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Introduction

• Home is an essential part in everyones life
  since birth and childhood. Everyone dreams to
  have a living space of their own. Once in a
  lifetime requires loan to accomplish it and that
  is how the home loan comes into schemes of
  things. Buying a home is dream for everyone.
  Therefore the concept of home loan comes in
  existence.
• Loan can be acquired from a financial institution
  or banks. From this Presentation you came to know
  every detail about Home Loan.

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Types of Home Loans

1. Home Purchase Loans
2. Home Construction Loans
3. Home Improvement Loans
4. Home Extension Loans
5. Home Conversion Loans
6. Land Purchase Loans
7. Stamp Duty Loans
8. Transfer Loans

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Characteristics of Home Loan

1. Home loans are consumer loans
2. Home loans are long terms loans provided by
   various banks and nbfcs
3. There are large amount loans which provide
   financial support to the people
4. Home loans are secured loans
5. The borrowers get to own their dream home and pay
   for it in easy and affordable installments
6. Bank and financial institutions offers home loans
   at cost effective rates

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Advantage of Home Loan

1. Appealing Interest Rates
2. Assistance in owning a home
3. No need of Guarantor
4. Door step service
5. Long Loan period
6. Free accidental death insurance

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Disadvantage of Home Loan

1. Interruption of processing of home loan
2. Fluctuating Interest rate
3. Higher cost of processing
4. Obstruction in home loan disbursement

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GET IN TOUCH
BAJAJ HOUSING FINANCE LIMITED Cerebrum IT Park,
5th Floor B2 Building, Holy Cross Rd, Kalyani
Nagar, Pune, Maharashtra 411014 Phone number
91 8698010101 Email id wecare_at_bajajfinserv.in
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