A home loan offers you the chance of owning a residential property and building an asset while at the same time enjoying tax benefits.You have to pay a certain percentage of the property cost, usually up to 20%, out of your funds.
A home loan application can be done at the bank branch, loan processing centre or online.
Home loans help you with a lump-sum advance of funds towards buying your desired property, this amount will be repayable with interest. However you can re-pay the amount advanced via EMIs (Equated Monthly Installments), thus enabling you to approach realizing your home dream in a convenient and structured way.