Home Loan | Construction Loan |
Applicants avail of a home loan to buy a constructed property, under-construction property or to buy properties that are planned to be constructed in the future | Applicants opt for a construction loan to construct a building be it for residential use o investment purposes |
The home loan process is simple | The construction loan process is a bit tricky |
Home loans can be availed offline or online both | Construction loans can be availed mostly offline |
The interest rate of home loans remain between 6% to 10% | Interest rate on home construction remains between 10% to 14% |
What is the Difference between Construction Loan vs Home Loan?
Payel
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March 13, 2023
2023-03-13T17:43:31+00:00 2023-03-13T17:47:46+00:00Comment
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Banking
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