Home Purchase Loan: The most common type, used to buy a new or pre-owned residential property.
Home Construction Loan: Provided to individuals who wish to construct a house on a plot they already own.
Home Improvement Loan: For homeowners looking to renovate, repair, or improve their existing home.
Home Extension Loan: Helps borrowers extend or expand their current home, such as adding a room or an additional floor.
Land Purchase Loan: Given to individuals who want to buy a plot of land for construction or investment purposes.
Home Loan Balance Transfer: Allows borrowers to transfer their existing home loan from one lender to another to benefit from lower interest rates or better terms.
NRI Home Loans: Specifically designed for Non-Resident Indians (NRIs) who want to invest in residential property in India.
Bridge Loan: Short-term loan for homeowners who wish to purchase a new property while they are in the process of selling their existing home.
Stamp Duty Loan: Offered to cover the stamp duty charges incurred during the purchase of a property.
Joint Home Loan: A home loan taken by two or more people, typically family members or spouses, to share the repayment burden and improve loan eligibility.
Top-Up Home Loan: Additional loan amount given to existing home loan borrowers, over and above their current loan, based on their repayment history and property value.