Housing loan is the finance taken for buying/modifying a real estate property. Home Loans, Home extension loans, home improvement loans, NRI loans and home equity loans fall under the category of housing loans.

Any Resident or Non-resident individual who is planning to buy a house in India can apply for a Home loan. If you have decided to buy a property in the near future you can even apply for a loan before you select your property. Once you decide the maximum amount that you can put into the property, all Housing Finance Institutions let you know how much you are eligible for and this helps you plan out your budget.