About
Home loans, for various reasons, are available from banks and housing finance companies (HFCs). To determine the criteria to secure a proper home loan scheme before applying for some form of home loan. Below are some forms of mortgage loans:
- Home Loan for New Purchase
It’s the normal, most frequent form of house loan to purchase ready-to-move homes, houses, and pre-owned properties/resale. According to the RBI guidelines, the loan/value ratio (LTV) of up to 75-90% of property value is given by lenders.
- Composite loan
It is an ideal solution for you to buy land or a plot for investment or build a house. Your lender disburses the first installment the moment you purchase a land or property. The remaining subsequent payment depends on the construction phase of the house.
Contact Information
Fair Fincorp