Home Loan

                             """   Home Loan''''''

• A home loan is the money that a lender offers you to buy a property. The lender takes the property as a security for the home loan
• The property can be a personal property or a commercial one
• In the case of non-payment of dues, the lender can retrieve the loan money through the sale of the said property.

Types of Home Loans:

• Home Purchase Loan: This loan is taken to buy a home

• Home Improvement Loan: This loan is taken to fund the repair or renovation of a home
• Home Construction Loan: This loan is taken for constructing a new home.
• Land Purchase Loan: This loan is taken to buy a piece of land.

• Home Extension Loan: This loan is taken for expanding an existing home. For example, you could use it to add another room.

• Joint Home Loan: This is a loan that can be taken by two or more people.

• Home Loan Balance Transfer: This allows you to transfer the balance on your current home loan to a new loan structure.

• Top Up Home Loan: This allows you to borrow money over and above your initial home loan amount. Bajaj Finserv offers attractive rates for to up loans.

Online Home Loan application form and get easy approval and we shall take care of the rest. For the offline loan application, you can simply visit any of our branch, call or SMS to know more.cured loan given by a bank against the security/hypothecation of an underlying property. In the event of failure to repay by the borrower, the bank can, subject to laws of India, attach/sell the underlying property and recover the principal amount and any outstanding interest thereon. 

A home loan can be availed for buying an under-construction property, resale property or even to construct a house on a vacant piece of land.

Features and Benefits of a Home Loan

Home loan features are unique as compared to other loans.
 Few basic features are listed here:

Purpose: For resale or construction, purchase of fully constructed house from builders, extension or renovation of existing house.Loan Amount: Home loans amount totally depends on the requirement; however there is limit is loan amount which is ranging from Rs.2 lac to Rs.200 lac, and this is calculated on applicant’s eligibility, repayment capacity and income.


 All home loans are secured wherein collateral is a must.Loan Tenor: 20 years is the maximum loan tenure offered for home loan.Increases the probability of acquiring a house. Many, especially in India will not be able to buy a house will full cash readily available. This is where home loan creates an opportunity for low-class and middle-class community to have a home of their own.This helps in capital appreciation; there is no doubt property prices have boomed in the past 5 years. Investment in home is always a safe and smart move. The value of land always increases and thus appreciation for your investment can be visibly seen within few years.Applicants can avail tax benefit from home loans. Under Section 80CCE of the Income Tax Act, 1961 repayment of principal up to Rs 100,000 on home loan is subject for tax deduction. Once all prescribed conditions are met, this benefit can be availed.

Home Loan plays an important role in helping one with easy availability of your dream home. 
There are a number of banks that offer home loans at low interest rate. You may want to either want to buy a new car or construct one; it has few formalities starting from submitting the application for disbursement of loan amount. Keeping basic documents ready in hand saves time and effort.

Home Loan amount varies from person to person depending on the repayment capacity, age and income of the loan seeker, his/her dependents and so on. 
The loan is available to those who are eligible for a contract such as any person who is not less than 18 years, must not be insane and should not be insolvent or bankrupt. Loans are offered to salaried individuals, professionals or businessmen or self-employed individuals and NRI’s. Visit JMD Home Loans for more details.

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Cabin Crew Career Guide
Pragati Srivastava [ Air Hostess ]
Capt Shekhar Gupta [Pilot]
Language: English
Cost : USD $100  [ International ] 
Indian INR 699

Pilot’s  Career  Guide
Shekhar Gupta
Rating: Not yet rated. 
Published: July 13, 2013 
Language: English
ISBN: 9781301650040

Pilot’s Career Guide

Nonfiction » Career Guides » Education

Nonfiction » Career Guides » Transportation

Cover for 'Pilot’s  Career  Guide'
Shekhar Gupta
Rating: Not yet rated. 
Published: July 13, 2013 
Words: 26,240  ( Approximate )
Language: English
ISBN: 9781301650040
Cost : USD $100  [ International ] 
Indian INR 1,000