There are several differences between a home loan and a loan against property.
Definition: Home loans are loans you take to buy or construct a home. Loan against property comprises home loans and loans that you can take by mortgaging a self-owned property.
Purpose: You can take home loans only to buy or construct a particular home you are getting financed. On the other hand, you can take a loan against property to meet any financial requirement like education, medical or wedding expenses.
Value: You can take a home loan for up to 80-90% of your property’s value, while a loan against property is limited to 50% of the property value.