AI Products 

Various Types of Loans Available in the Financial Market

Lucky Jack
Various Types of Loans Available in the Financial Market

We all know a thing or two about credits. This financial tool allows you to borrow money during your hour of need with the terms to repay back the amount in promised time with interest. Credits can be a bit tricky. You have to go through a lot of legal and financial procedures before you could actually get the loan you requested for. The present economy and the need of the people have made this loan much more astute and swift.

One among the many sub-categories, namely, the home loan for Jain people is proving to be a boon to the religious community. The Jains are an influential lot whose contribution to Indian religion, culture, judiciary, and business is immense. Owing to their ongoing support on all fronts, they are also one of the movers and shakers of the country. Their place in society is what propels banks and lending platforms to formulate special schemes and packages in order to gain their confidence.

The different types of home loans available in the present Indian financial market are:

1: Loan for purchase of land - To buy a plot. It is possible for you if you want to build your own house and have a long budget.

2. Home Buying Loan - To buy our old houses. It is quite popular.

3. Home Construction Loan – To meet the construction expenses of a house from the beginning.

4. House Extension Loan - To do additional construction work in your already built house.


5. Loan for Home Conversion - To transfer home loans from one property to another.

6. Home Renovation Loan - To meet your home renovation expenses.

7. Balance Transfer - To transfer your home loan from one bank or financial institution to another later due to a lower interest rate.

8. Home Loan for NRI - For NRI only. Banks return their foreign currency with these loans.

9. Bridge Loan - For installment payment of a new house while looking for a buyer for the existing house. For this type of loan, Finway offers Loan Against Property in Pune as the mortgage is required here.

10. Loan for Stamp Duty - To cover the cost of Stamp Duty on the purchase of a house.

So, if you are looking for a low-interest home loan in Pune or loans for home construction then browse the Google search as well.

Lucky Jack
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more