Banks offer different types of bank loans to meet their customer’s needs. The first-time home buyer can apply for a loan to purchase a house, plot, or renovate an existing structure. To clear your confusion about loan types, we have summarized the type of home loans in India one can avail to buy an independent house for sale in Hyderabad.
- Loans for Purchase of Land
Many banks offer loans for land purchase which is a flexible option for many. The buyer can have the land as an investment or can construct a house when his finances are ready. Generally, the banks release up to 85% of the cost of land.
Eligibility Criteria
| Age | Employment |
| 18 years to 65 years | Salaried, self-employed, Professionals, and Non-Professionals |