Home Loan plays vital role in fulfilling your dream for buying a property or investing in real estate sector. Banks and Housing Finance Companies (HFCs) offer various home loans with tailor made options to suit different payment capabilities. A simple understanding of home loans can help loan seekers in applying for suitable options.

1. Everything
YOU
Needed to know about
Home loans

2. How to get a
home loan?
Tax benefit?
Loans to improve
my house?
What do banks
check ?
Land Loans ?
Home Loan?
What is the
rate of
interest?
EMI ?
Tenure?

3. STOP
LOOKING FOR
THESE ANSWERS
EVERYWHERE

4. FIND
THEM
ALL
IN
HERE

5. Why
Home
Loans
???

6. Because rarely do people
have the money to buy
their dream home
Because you can avail a
loan of up to 85 - 90% of
the total property cost

7. Because YOU can take
loans with tenure ranging
from 1 – 20 years
Because taking a home
loan offers tax benefits

8. There are
different
Types
OF
Home Loans
DID YOU
KNOW ? ?

9. These are basic loans
used to purchase new
property
Home
Purchase
Loans

10. These loans are used to
renovate and modify
existing properties
Home
Improvement
Loans

11. These are given out to
construct a new home
Home
Construction
Loans

12. These loans are used to
expand or extend parts
of an existing home
Home
Extension
Loans

13. These are usually new loans
with lower interest rates,
which are used to repay an
old loan
Balance
Transfer
Home Loans

14. These are opted to buy fresh
land for construction of new
homes
Land
Purchase
Loans

15. Bridge home loans can help
to finance the new home
when people wish to sell
their existing home until a
buyer is found
Bridge
Home Loans

16. These helps the NRIs in
buying residential
properties in India
NRI Home
Loans

17. What
about
Interest rates ?
%%

18. Fixed
Interest rate
%
When the interest rates
charged remain constant
throughout the tenure of
the loan, it is known as
Fixed Interest Rate
Opting for fixed rate
protects the loan
seeker in case of
fluctuating interest
rates in the market

19. Floating
Interest rate
%
Floating Interest Rates is
dependent on the market
rate
The interest rates will rise
and fall accordingly as it
is linked with the bank
lending rate

20. What
Factors
are considered
to get a Loan ?

22. What
about
tax benefits
???

23. The Section 80 C of the Income Tax act
provides for a maximum deduction of
Rs 1 Lakh for repayment of the principal
amount of the loan

24. Under Section 24, interest repayments
of up to Rs. 1.5 Lakhs per year are
exempted from tax

25. Did we
get the answers to
our questions?

26. CommonFloor.com is India's leading property search portal.
On a mission to make property search hassle-free, transparent and fruitful;
CF has best of breed property search on maps, property search mobile apps and
an extensive section for knowledge resources and advice in real estate.