The following types of home loan products are commonly offered in India by banks and financial institutions:
1. Home loans to buy a bungalow, an apartment, etc.
2. Home loans for the purchase of real estate from development agencies.
3. Loans for construction on owned/leased land or land allocated by a development agency.
4. Plot purchase credit to purchase a plot through direct assignment or a second sale transaction.
5. Balance transfer loan - Transferring your current home to another bank/financial institution is known as a balance transfer loan.
6. Home improvement loan to renovate a home in several ways.
7. Loan for the extension of the house to expand or add space to your home, such as extra rooms and floors, etc.