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Here’s a quick and clear list of the main types of home loans in India, with short descriptions to help you identify which one suits your need

🏠 Main Types of Home Loans in India

Type of LoanPurpose
Home Purchase LoanTo buy a new or resale residential property.
Home Construction LoanTo build a house on land you already own.
Home Renovation LoanFor repair, remodeling, or upgrades to an existing home.
Home Extension LoanTo add more space (e.g., extra room, floor) to your home.
Land/Plot Purchase LoanTo buy a residential plot for building a home later.
Composite LoanFor buying land and constructing a house on it (combined loan).
Balance Transfer LoanTo shift your existing home loan to another bank with lower rates.
Top-Up LoanExtra funds on your existing home loan (for any personal use).
Joint Home LoanTaken with a co-applicant (like spouse/parent) to boost eligibility.
NRI Home LoanSpecial loan for NRIs buying or constructing property in India.
Bridge LoanShort-term loan to buy a new house while waiting to sell your old one.
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