There are a variety of home loans that are available in the market which you can from. Housing financing companies (HFC) offers many types of alternatives from you can choose your home loan and your requirements. The different types of loans varies from home purchase loans, home improvement loans, home construction loans, home extension loans, land purchase loans, home conversion loans, bridge loans, stamp duty loans, refinance loans, balance transfer loans and loans to NRIs.

Home purchase loans are basically a home loan that is required to purchase a new home. Home construction loans are those loans which are available to customers for the construction of a new house on a said property. The documents required for home construction loans is slightly different from the documents required for a normal housing loan.

Home improvements loans are given to implement repair works and renovations in your home which you have purchased already. The repair works may include external works like waterproofing, structural repairs and internal works like plumbing, tiling and flooring, painting and electrical work. You can avail such a home improvement loan after obtaining the necessary requisite approvals from the concerned developing authority.

Home extension loans are a type of loans that help you to meet the expenses of alteration to your existing home like addition of an extra room. You can avail such a home loan after getting approvals from the local municipal corporation.

Home conversion loans are those loans which helps an individual to purchase a new home in spite of having their present home financed with a home loan. All they require is some extra funds for that purpose. Home conversion loans helps to transfer the existing loan to the new one which includes the extra amount of money required thus eliminating the need for any pre-payment of the previous loan.
Apart from these loans, other loans include Land purchase loans which are available for purchase of the required loan for both the home construction purpose and investment purpose. Another type of home loan is the stamp duty loan which is sanctioned to pay the required stamp duty amount needed to be paid on the purchase of your property.