Home Loans

What is a Home Loan? Buying a house is the most fundamental ambition for most people. Today, making this dream a reality has become downhill. Whether it is the first home or the second, whether it is for you and your family to live in or simply to make an investment for the future, Home Loans make it possible. So what exactly is a home loan? A home loan is a type of loan where the purchaser borrows money from a lender, to purchase a residential property and offers the same property to the lender as security. A Home loan is provided to individuals who wish to purchase or construct a house. Lakshmi Associates is the best company in Coimbatore which presents you the best schemes for a home loan.

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Types of Home Loan

Different types of Home Loans can be availed from the market:

Home Purchase Loans

These loans are offered to those borrowers who are looking for the purchase of either a house or a flat.

Home Construction Loans

Home Construction Loans are specially meant for the construction of a new home. Here If, the plot on which construction is being carried out is purchased within a period of one year, then the cost of the plot is also included as the component for the valuation of total cost of the property. But in case the date of purchase exceeds one year to the date of application then the cost of plot is not included as the component for the valuation of total cost of the property.

Home Extension/Improvement Loans

Home Extension/Improvement Loans are offered to meet the cost incurred on extension/alteration of an existing house.

Home Conversion Loans

Home Conversion Loans are offered to those who want finance for the purchase of another home by swapping with the already existing home on which loan is already sanctioned.

Land Purchase Loans

Land Purchase Loans can be availed for purchasing new residential land/plot.

Bridge Loans

Bridge Loans are offered for selling the existing home and purchasing of another home. The bridge loan supports in the finance of new home, until a buyer is found for the old home.

Balance Transfer Loans

Balance Transfer of the loan is shifting the balance of an existing home loan to another company may be at better rate of interest or due to some service issues.

Land Purchase Loans

Land Purchase Loans can be availed for purchasing new residential land/plot.

Loans to NRIs

NRI Home Loans are meant for Non-Resident Indians who wish to build or buy a home or property in India.

Key Features & Benefits of Home Loan

Rate of interest starts from 8.55% onwards for Home Loan.

We help you acquire loans with less documentation.

Loans can be acquired in 7 working days.

We offer you doorstep services for your convenience.

Customers can choose a bank of their choice to avail the loan.

There are no hidden charges.

We give our services very quickly.

All types of after-sales services are also available, such as Take over, Top-up and Balance transfer, etc.