Home Purchase Loans: This loan is availed for purchasing of a new home.
Home Construction Loan: It involves funding for construction of existing home or new plot.
Home Extension Loan: This is given for expanding or extending an existing home. For eg: addition of an extra room, bathroom etc.
Home Improvement Loans: These loans are funded for executing repair works and renovations for a home you have already occupied.
Home Conversion Loan: This is available for those who have financed the present home with a home loan and wish to purchase and move to another home for which some extra funds are required. Through home conversion loan, the existing loan is transferred to the new home including the extra amount required, eliminating the need of pre-payment of the previous loan.
Bridge Loans: As the name suggests are those loans that help the customer to bridge the gap between the new plot purchased and old sold. The difference of amount between the two is funded by bridge loans.
Land Purchase Loans: This loan is available for purchase of land for either construction or investment purposes.
Stamp Duty :This loan is sanctioned to pay the stamp duty amount that needs to be paid on the purchase of property.
Bridge :Bridge Loans are designed for people who wish to sell the existing home and purchase another. The bridge loan helps finance the new home, until a buyer is found for the old home.
Balance-Transfer: Balance Transfer is the transfer of the balance of an existing home loan that you availed at a higher rate of interest (ROI) to either the same HFC or another HFC at the current ROI a lower rate of interest.
Re-finance: Refinance loans are taken in case when a loan for your house from a HFI at a particular ROI you have taken drops over the years and you stand to lose. In such cases you may opt to swap your loan. This could be done from either the same HFI or another HFI at the current rates of interest, which is lower.
NRI Home :This is tailored for the requirements of Non-Resident Indians who wish to build or buy a home or property in India. The HFCs offer attractive housing finance plans for NRI investors with suitable repayment options.