At Ambak, we assist you in comparing housing loan interest rates and other features from leading banks and Housing Finance Companies (HFCs), enabling you to apply online for the best option based on your credit profile.
Banks and HFCs offer home loans covering 75% to 90% of the property's value, determined by the applicant's credit profile and the LTV ratio limits imposed by lenders and the RBI. These loans may have repayment periods of up to 30 years.
Home Construction Loan
Specifically designed for building a new house. Loan disbursements are made in phases, matching the progress of the construction.
Home Renovation/Improvement Loan
This loan covers the costs associated with renovating or improving an existing home. Interest rates are generally the same as those for a standard home loan.
Home Extension Loan
Ideal for homeowners looking to extend or add more space to their current home. Lenders usually finance 75% to 90% of the construction costs, depending on the loan amount and LTV ratio.
Bridge Loan
A short-term loan designed for individuals planning to purchase a new home with the proceeds from selling their current property. Interest Saver Loan: A home loan overdraft that links to the borrower’s bank account. Any extra funds deposited beyond the EMI are treated as prepayments, reducing the overall interest.
Step-Up Loan
Offers lower EMIs in the initial years, with the flexibility to increase payments over time. This loan is particularly suitable for young professionals early in their careers.
