Sunday, December 28, 2008

Types of loans for housing in India

Types of loans for housing in India

 

 Home Loan, for many, is the use of loans for the purchase or construction of a new house. But in reality, the loans are for housing for almost everything for the construction and rehabilitation of the expansion, the acquisition of land ownership, and also the stamp. The various types of mortgage loans issued by banks in India are described below.

 

 Home buying ready: It is a mortgagekendarlehen that einewir all know. It is destinatou for the purchase of a new apartment.

 

 Extension of loan: This is a loan to finance changes in a house. For the approval of the loan, but received the approval by the municipalities.

 

 Home Construction Loans: not to be confused with the credit to buy. It is for the construction of a new house in unesistenti good. The conditions are very different for the purchase of myerisonPrêts.

 

 The acquisition of land ready: This is the financing for the acquisition of land for investment and the construction industry. One of the most commonly used type of loan.

 

 Ringtone ready: To pay the postage stamp.

 

 Bridge ready for this type of loan is used by those who want to sell your current home and elsewhere, a new purchase. The loan will be used for the purchase of new residence, while the old house until his new propositionrietario.

 

 Other types of loans are refinancing loans in housing, the conversion of mutual NRI housing loans, and the rest through loans. For more information on the housing loans visit the house of the major banks in India

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