Home loan for short term requirements can come in handy when looking a home loan. It is usually disbursed in multiple tranches. Some financial institutions only charge interest on the amount already disbursed, which results in lower Equated Monthly Instalments (EMIs).
There are several benefits and features of home loans for short term requirements. These are as given below:
|Home Loans for Short Term Requirements||Best for|
|Canara Bank Housing Loan||Lowest Rates|
|Bank of Baroda Home Loan||Home Construction|
|State Bank of India||Women Borrowers|
|PNB Housing Loan||Low Processing Fees|
|LIC Housing Finance||Loan up to 2 Cr|
Canara Bank Housing Loan is convenient both for purchasing an short term requirments property and to take over an existing loan from other financial institutions. The highlights of this home loan are as follows:
Explore: Canara bank Housing Loan
Bank of Baroda home loan schemes for construction of a house can be availed for up to Rs.1 crore in rural and semi-urban areas and up to Rs.10 crore in metros. The highlights of the scheme are:
Explore: Bank of Baroda Housing Loan
State Bank of India’s Regular Home Loan can be used to purchase property under construction. It is widely available across India and has transparent processes. The highlights of the scheme are:
Explore: SBI Home Loan
Punjab National Bank Housing Loan for Public can be used to purchase houses or flats that are under construction by approved builders and developers. The highlights of the housing loan are:
Explore: PNB Housing Loan
LIC Housing Finance Pay When You Stay loan scheme offers a special feature where repayment of the principal amount of the loan starts only when you have possession of the property. Other highlights of the scheme are:
Explore: LIC Housing Finance
The home loans for short term requirements properties offered by banks and other financial institutions make it possible to construct your dream home the way you want to without much worry.
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