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Home Loans has become a very wide terms covering associated mainly with various types of properties :
Under Construction Developer / Builder Residential Property Purchase Loan: These Loans are given to borrower for purchasing a property which is being developed by the Developer. In such Loans Banks approve the Developer and its particular project either under down payment or under Construction link or Possession Link payment plan or all plans.
Usually Banks fund 75 to 80 percent of the allotment / market Value of the Property. Click here for Lowest Rate of Interest and your Eligibility.
Ready Residential Property Purchase Loans: These are the most popular and the most common type of home loan. These loans can be used to finance the purchase of a new residential property from the Developer or an old house from its previous owners.
Lenders usually finance 75 to 85 per cent of the market value of the house. Click here for Lowest Rate of Interest and your Eligibility.
Residential Plot Loans : Plot purchase loans are taken to buy a piece of residential land in the approved locations where one wants to construct her/his house. These loans can be availed for residential as well as for investment purposes.
Most banks offer 60 to 70 per cent of the price of the land. Click here for latest offers and eligibility from Finlinker.
Residential Plot plus Construction Loans: Plot Plus Construction loans are those loans which can be availed by those individuals who want to construct the house. The borrower has to make a rough estimate of the cost that will be incurred for the construction of the house and then apply for the loan with the same amount.
The loan amount is usually 60-70 percent of plot value and 75 – 80 percent of the construction estimate which may be disbursed at one go or in several installments according to the progress in the construction of the house. Click here for more details and Apply
For more details either click here or speak to expert at Finlinker.com at 9212745454.