A home loan is a secured loan provided by banks or financial institutions to purchase, construct, renovate, or extend a house/property. The borrower repays it in EMIs (Equated Monthly Installments), which include principal + interest

For constructing a house on a plot you already own.

Covers both purchase of land + cost of constructing the house on it.

For remodeling interiors such as flooring, false ceilings, woodwork, lighting, or modular kitchens.

For buying land in a residential area approved by the local authority.