Buying a home is a big step for the majority of the Indian population, and home loans are the primary source of financing such significant purchases. Over the last couple of decades, the demand for homes, and subsequently for home loans have seen a manifold increase in the country.
And with the increase in demand for home loans, many different home loans have sprung up, which cater to the varying needs of the populace. So, if you’re looking to buy a new home, but are bewildered about which home loan to go for, here’s a list of types of home loans to choose from, and their use cases.