The banks generally offer these nine kinds of credits on premium:
Home Purchase Loan: It is the most widely recognized sort of credit taken for acquiring another private property or an old house from its past proprietor.
Home Improvement Loan: Home improvement credits are given for executing fix and redesign work at home.
Home Construction Loan: These credits are endorsed to build a house on a real estate parcel you have just acquired. The credit endorsement and application process for these advances are fairly not quite the same as the other normally accessible home advances.
Home Extension Loan: Home augmentation advances are offered for growing or broadening a current house. For instance, expansion of an additional room, a story and so on.
Land Purchase Loan: This kind of advance is allowed for acquisition of a plot of land for both private or venture purposes.
Home Conversion Loans: These credits are accessible for individuals who have just obtained a house by taking a home advance yet now need to purchase and move to another house. With these credits, they can support the acquisition of the new house by moving the present advance to the new house.
Balance Transfer Loan: These credits are beneficial to move one’s home advance starting with one bank then onto the next. It is typically done to reimburse the rest of the measure of advance at lower financing costs or when a client is discontent with the administration given by his current home advance supplier and needs to change to an alternate bank.
NRI Home credits: These are specific advances, organized to suit the prerequisites of NRIs who wish to assemble or purchase a home in India.