Housing Loan

Housing Loan

Housing Loan is one of the most popular products offered by banks and NBFCs to customers. Home loan is also the largest selling banking product and the one that ensures the longest banking relationship with the lender. Owning a home of your own is generally an obvious as well as a major decision in a person’s life. However, the cost of construction or purchase of property is quite high and this is where home loans play a major, almost indispensable role for majority of home buyers. Home or housing loans are advances made to borrowers who require funds to purchase houses/flats/land. They can also be availed of for construction, extension and renovation of houses. Lenders can be banking or non-banking financial institutions.

Loan Scheme

  • Simplified documentation
  • Easy and convenient loan
  • Attractive interest rates
  • No hidden charges
  • Quick processing
  • Flexible loan repayment options based on your income
  • Non-mortgage loans are also available with certain lenders

A Home Loan or Housing Loan is an amount borrowed by individuals for a fixed tenure from financial institutions to buy, construct, repair or renovate a residential property. Lenders charge an interest on the amount borrowed, which has to be paid by the borrowers along with the principal amount.

  • Deduction for Interest Paid on Housing Loan
  • Deduction on Principal repayment
  • Deduction For Stamp Duty and Registration Charges
  • Deduction for first time Home Buyers
  • Deduction for Joint Home Loan
  • The best part about Housing Loan eligibility is that any person above 21 years of age with a valid ID proof and claim that he/she owns the gold can avail it. The documents required for housing loan might include an address proof and photographs in addition


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    • (+91) 6396753701
    • info@neelanjali.com