Home Loans and Mortgage Loans
A home loan or mortgage loan is a financial product that allows individuals to purchase or refinance a property by borrowing money from a bank or lender. The loan is secured against the property, meaning the lender holds the right to seize the property if the borrower fails to repay the loan as agreed.
Key Features of Home Loans:
✅ Loan tenure typically ranges from 10 to 30 years.
✅ Requires a down payment, usually between 5% to 20% of the home’s value.
✅ Monthly payments consist of principal and interest, along with taxes and insurance.
✅ Borrowers must meet credit score and income requirements.
Benefits of Home Loans:
✔️ Enables homeownership with manageable monthly payments.
✔️ Potential tax benefits on mortgage interest.
✔️ Helps build equity over time.
✔️ Customizable loan options to fit financial needs.
Banks tied up with us for providing you home loans
