Thursday, January 31, 2008

Availability of home loans has enabled millions to become owners

House Finance is available for all types of property purchase : from buying a house to purcahsing land and constructing a house. Each loan has diferent features and interest rate strctures depending on your requirement.

Standard home loan

This is the standard home loan to purchase a house. Housing finance companies led upto 90 per cent of the cost of the house, while the borrower has to contribute the rest. Interest rates on these loans have nosedived in recent years.