A housing loan is a financial solution designed to help individuals purchase or construct their dream homes. Offered by banks and financial institutions, these loans typically cover a significant portion of the property's cost, making homeownership more accessible.

The eligibility for a housing loan depends on factors like age, income, employment type, credit score, and existing financial obligations. Applicants with a stable income and a good credit history are more likely to secure favorable terms and competitive interest rates.

Housing loans usually offer flexible repayment tenures, ranging from 10 to 30 years, allowing borrowers to manage their finances conveniently. Additionally, borrowers can avail of tax benefits on both the principal and interest components under applicable laws, reducing the overall financial burden.

With simple application processes and multiple repayment options, housing loans are an effective way to turn your dream of owning a home into reality.