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Types of Home Loans in India

Your Dream Home, Backed by the Right Loan

Buying, building, or renovating a home is a major milestone. We help you find the right type of home loan based on your need — whether it’s for purchasing a flat, constructing a house, or renovating your current space.

With access to a wide network of banks and NBFCs, we offer personalized guidance, quick processing, and best-matched home loan offers suited to your financial profile.

1. Home Purchase Loan

Used to purchase a new or resale residential property from a builder or seller.

  • For ready-to-move or under-construction homes


  • Up to 85–90% of property value as funding


  • Suitable for salaried & self-employed individuals

Best For: First-time homebuyers, flat or villa buyers

2. Home Construction Loan

Ideal for individuals who want to build a house on a plot they own or plan to buy.

  • Covers plot purchase + construction (if opted together)
  • Funds disbursed in stages based on construction progress
  • You must have a clear land title and plan approval

Best For: Those building independent homes

3. Home Renovation Loan

To upgrade, improve, or renovate an existing house or flat.

  • For repairs, flooring, painting, plumbing, interiors, etc.
  • Loan amounts from ₹1 Lakh to ₹30 Lakhs+
  • Minimal documentation with faster approval

Best For: Existing homeowners wanting property upgrades

4. Home Extension Loan

For building additional space like a room, floor, or balcony in your current home.

  • Loan covers construction cost and material expenses
  • Ownership of the property is mandatory
  • Architecture plan and approval documents needed

Best For: Growing families, multigenerational homes

5. Balance Transfer Home Loan

Switch your existing home loan to another lender at a lower interest rate.

  • Reduce EMI burden or tenure
  • Option to top-up your loan amount
  • Banks may offer better deals to attract transfer clients

Best For: Those already paying a high-interest loan

6. Plot Purchase Loan

Buy a residential plot from government/private authorities.

  • Funding up to 80% of plot value
  • Shorter tenure compared to home loan (up to 15 years)
  • Plot must be within municipal limits & approved zone

Best For: Those planning to construct later

7. NRI Home Loan

For Non-Resident Indians (NRIs) to invest or own a home in India.

  • Available for property purchase, construction, or renovation
  • Income proofs include foreign salary slips, NRE/NRO accounts
  • Specialized NRI loan desk & processing support available

Best For: NRIs looking to buy or invest in Indian real estate

8. Top-Up Home Loan

Get additional funds over and above your existing home loan.

  • Can be used for personal or business needs
  • Lower interest than personal loans
  • Quick disbursal with minimal documentation

Best For: Existing home loan borrowers with repayment track record

Compare Key Home Loan Types


Type

Purpose

Tenure

Funding

Home Purchase

Buy ready/under-construction

Up to 30 years

Up to 90%

Home Construction

Build on owned plot

Up to 30 years

Up to 85%

Home Renovation

Upgrade existing house

5–15 years

₹1–30 Lakhs

Home Extension

Add rooms/floors to house

Up to 20 years

₹2–50 Lakhs+

Balance Transfer

Shift loan to new lender

Remaining tenure

With or without top-up

Plot Loan

Buy residential land

Up to 15 years

Up to 75–80%

NRI Loan

NRI-specific needs

Up to 20 years

As per profile

Top-Up Loan

Extra funds over existing loan

Co-terminus

₹1–50 Lakhs+

We Assist You Across India

Get expert help in cities like Mumbai, Delhi NCR, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad, Jaipur, Indore, Kolkata, Kochi, and across Tier 2/3 towns.

Common FAQs

 Yes, we work with multiple lenders who consider alternate factors like income, banking, or co-applicants.

 Yes, but if unavailable, we also assist in low-doc home loan options through select NBFCs.

 Yes — co-applicants (like spouse/parent/sibling) can improve eligibility and loan amount.

How to Apply

  • Tell us your requirement (purchase, construct, renovate, etc.)
  • Upload or share your documents
  • Receive offers from top banks & housing finance companies
  • Compare, select, and get the best rate
  • Loan sanctioned and disbursed with our end-to-end support

Let’s Help You Move into Your Dream Home

Whether you're salaried, self-employed, an NRI, or planning to build — we make the home loan journey smooth and stress-free, from application to disbursal.

  • Check Your Home Loan Eligibility
  • Apply for the Right Home Loan Now
  • Talk to Our Loan Specialist

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