The purpose of a home extension loan is to borrow money if you want to extend your home or create more space in a home that you already own. This could be in the form of a room built on the terrace, in place of a balcony etc.
Home improvement loans offer a convenient financing solution to existing home owners for meeting renovation, repair and upgrade requirements.
Affordable interest rates, faster turnaround time, and simple documentation help ease the process of upgrading and sprucing up your home.
Home loans can be used to buy property that is under construction, ready to move in, or being resold.
The purpose of a home extension loan is to borrow money if you want to extend your home or create more space in a home that you already own. This could be in the form of a room built on the terrace, in place of a balcony etc.
The tenure of a home extension loan works in the same way as that of a regular home loan.
A home loan provides finance for the purchase or construction of a new house whereas a home extension loan is used for extending your current house.