What_are_Home_Loans?
Owning a home is probably every person’s dream, and in India, being the owner of a house is one of the key signs of being financially well-settled & a matter of pride. With the real-estate prices rising to the skies and the demand for buying a property is increasing proportionately, it becomes difficult for any middle-class person to purchase a home easily. So, to overcome these financial issues, Finfree home loans are provided across India by banks & NBFCs where they pitch in the required finances to help the prospective buyers with the needed monetary aid to buy a house or property. There are different types of home loans in the finance market that can be availed to purchase a new home, a resale home, plots, home extension, etc., and you can choose the most suitable one depending on your requirements.
Home Loans are secured loans in which the financier will use the home or the property that you are buying as surety for the loan, and it will be under the lender’s control until the borrower repays the complete loan successfully. Since the purchased home or the property is placed as collateral, the interest rates imposed on these loans will be relatively lower than the personal loans.
However, in case you default a loan payment or upon continued non-payment of the home loan, there are chances that the lender may seize the property, or worse case, resell or auction it. So, with a secured home loan, the risk factor for the lender is considerably low and, for the borrower it is high. Also, the lenders will approve a loan amount depending on the value of the property placed as collateral.
At Finfree Enterprises, you can easily apply for quick home loans and conveniently avail up to 75 lakhs* at reasonable interest rates from prominent home loan providers, by a hassle-free process. We offer a plethora of housing loan services to assure that your financial requirements are fulfilled as per your preferences, along with manageable repayment options. Our financial team ensures that the complete process, right from applying for a suitable loan to the disbursal of the amount happens in a smooth and unstrained way.
According to the current rate offered by our network of lenders, you can avail the home loan with lowest interest rates from 6.75% to 12%. With the lenders taking just 2-3 days’ time for the loan approval, you can get the loan approved once all your submitted documents are verified. You will get your money disbursed within no time.
