Property loans in India
are available all across the country for anyone who
desires to buy a home or invest in a commercial
The most sought
after category is the home loans. Ever since banks
and financial institutions opened up and lowered the
lending rates the number of applicants for home
loans has increased.
About 15 years ago
it was difficult to get home loans and f if he banks
did give they did so with plenty of scrutiny and
time. Now it takes less then a week to get a home
Even NRIs who wish to invest or buy properties in
India take home loans.
Some even apply
online with banks like HDFC, ICICI Bank and State
Bank of India without any hassles. In most places
there are single window clearances to get loans.
The property loans are payable back on EMI (easy
Even these can be
fixed or floating depending on the payment structure
that one wants to opt for. Most banks give more or
less the same rate of lending. EMIs change depending
on the way a person can pay back.
Any property loan
can be taken or availed of only if one has a
sufficient capacity to pay off. One can take as many
as 20 years to payback.
Weather it is
investment, property loans the bright spot is easy
accessibility for the common person whose dreams can
be realized in this lifetime and also enjoyed