Housing Loan

 

A housing loan is a long-term financial solution that assists individuals in purchasing or constructing their dream home. It provides a lump sum amount that can be repaid in installments over a fixed tenure. Banks and housing finance companies offer these loans at competitive interest rates. Applicants must meet certain eligibility criteria, such as income proof, a good credit score, and property documents. Housing loans also offer tax benefits under the Income Tax Act, making them a preferred option for aspiring homeowners.