Home Loan for Long Term Requirements

Home loan for Long term requirements comes with several benefits like higher loan amount, attractive interest rates, longer tenure, etc. It makes the dream of owning a house affordable and one with less hassle.

Features and Benefits of home loan for long term requirements

Bank employees can avail home loans with attractive features and benefits as given below:

• Benefit on Interest rate: Interest rate is low and differs from bank to bank.
• Benefit on loan amount: Home loans can range from Rs.30 lakh up to Rs.10 crore
• Benefit on loan tenure: They have longer loan tenures of up to 25 years.
• Benefit on Foreclosure: There are no foreclosure charges or prepayment charges if you choose to foreclose or make a part-prepayment on the outstanding amount.

Best Home Loans for Long term Requirements

1. Cent Home Loan

   Central Bank of India offers home loan for the purpose of construction of a house or flat. Some of the highlights of the scheme are as follows:

   • Avail up to 90% of the property cost
   • No guarantee required
   • Attractive interest rates

   Explore: Cent Home Loan

2. Canara Bank Housing Loan

   The Canara Bank Housing Loan scheme has the following benefits:

   • Housing loan of up to Rs.50 lakh
   • Repayment tenure of up to 30 years
   • Lower interest rates
   • Can continue loan up to the age of 75
   • If both spouses are employees, both can avail the scheme

   Explore: Canara Bank Housing Loan