A home loan is an obvious choice if you need finance for Home finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education and for buying consumer durable things. What is a Home loan? A home loan is a type of unsecured loan and helps you meet your current financial needs. Yesbazarfinancial.co.in offers India’s fastest Home loan with instant approval and disbursal within just 24 hours. Learn about your Home loan eligibility, use the Home Loan EMI Calculator and apply for a Home loan in just four easy steps!
A home loan is a specified sum of money that an individual borrows from a financial institution to buy or construct a house. It can also be used for expanding, repairing and renovating an existing property. It is a type of secured loan, wherein the property being purchased is pledged to the bank or lending institution till the borrowed amount is repaid along with the interest. In India, home loan interest rates start at as low as 8.02% p.a., with loan tenure stretching up to 30 years.
For many people, buying a house can be a difficult task because of increasing real estate price or lack of surplus cash. Thus, a home loan can help in taking this big financial step without breaking the savings and investments. Home loans come with a host of benefits and features, including balance transfer facility, top-up loan, flexible repayment options and quick approvals.