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Realize your dreams with home Loans
By Aditya Jaiswal
The housing loans in India have been responsible for giving the boost to the real estate industry. According to the experts, the real estate industry in India is running in top gear and the main guiding force responsible for this revolution is finance. Housing loans have opened a world of opportunities for everyone who at one point of time wanted to own a property but were not able to due to odds of life.
The housing finance is a huge industry in itself in India. There are lots of private and nationalized banks and financial institutions in competition to provide various types of housing loans to the customers. Different types of loans products are available for the borrowers to choose from depending on their need. These loans can be availed for the purpose of buying a plot or an already constructed house or flat. You can also take a loan to construct or renovate a house. One of the loans is in the form of equity loan, which is a new concept that allows the borrower to mortgage his/her existing property to avail the required loan. This loan can be used as per the choice of the borrower like for marriage, education or medical expenses.
The loan amount that can be disbursed depends on the policies of the bank.
The loans business has seen an immense growth and is being promoted quite aggressively in India. The banks and finance companies are offering loans at attractive terms. In India, the loan rate or the rate of interest at which loans are being offered is quite reasonable. People especially belonging to the service class find it advantageous to purchase property by availing loan as they can gat applicable tax benefits. The repayment of the loan is also quite easy and affordable as one can pay in form Easy Monthly Installments (EMIs) over a long period of time such as fifteen or twenty years.
The tough competition amongst the finance companies have resulted in high service standards which has eventually benefited the customers. You can get professional loan advice from the counselors who can assist you with various loan related services. You can get complete information about the processes involved in loans disbursal, the applicable loan rates, the details about documentation etc. Nowadays, there are many property related portals also which provide valuable information regarding the loan options available. One can compare the features and advantages of various finance options available through multiple financial institutions to arrive at the best suited option.
Thanks to the loans option which has helped millions of people in realizing their dream of owning a home.
Aditya Jaiswal, advisor of home loans for NRIs, is an associated editor with the site: www.guide2homeloan.com. The site is an online portal to provide home loan advice on home loans in India including types of home loans in India, home loan interest rates in India provided by home loan providers in India.