A home is not merely a space measured in square feet. For you, it is the culmination of hardwork, perseverance and a legacy that lasts a lifetime and even beyond. Housing is one of the fundamental needs of everybody. A shelter of security, a roof above your head for the good as well as the bad times and a place where you can be yourself.
Naturally, housing has been a societal requirement for ages. It is not just an urban phenomenon. Villages, rural areas and the semi-urban populace too want a house to call their own. In our previous generation, elders waited for years and even decades to get their own home. This was primarily because of monetary reasons. They would wait till they have enough money to buy or build their own abode.
However, today, you don’t have to wait.
With home loans and easy housing finance options, your dream abode is ready for you now. Let us look at the different home loan offerings for consumers across various geographic areas.
Rural option
All top financial institutions offer something for everybody. The location of a person or a family does not limit their aspirations. This is why an institution like Tata Capital’s Rural Finance Housing Scheme is designed for the big dreams of those living in rural areas. The scheme provides customized home loans to agriculturalists for a value of up to 90% of their property. The home loan is given at attractive interest rates. This home loan can be used for buying a new home or constructing a house on owned land. You can even do an extension or renovation of your house with such home loans. Find out your home loan eligibility under this scheme today.
Affordable solution
It is true that home prices are rising. Prices are a function of demand. If the demand is unrelenting, prices will logically rise. This is where affordability of homes comes into the picture. The need for affordable housing and home loans is big.
So, affordable housing finance scheme from top financial lenders like Tata Capital are much sought after by borrowers. An institute like Tata Capital provides fast and easy home loans for affordable housing. The home loan is for an amount up to Rs 15 lakh. You can avail them at attractive interest rates. In semi-urban areas locations, good affordable housing projects are coming up. If you want to check out affordable housing loans, check your home loan eligibility online.
Refinance trick
Many borrowers often take home loans from one lender but feel the need to change after some time. The need for change could be driven by service experience, lower interest rate demand and other factors. This is a typical situation that many urban home loan borrowers face. They seek a better financial institution.
You can switch your existing housing loan for the remaining tenure to another institute like Tata Capital. The amount you have repaid is already done. The balance home loan amount will be transferred to the new institute. You can get such home loans customized to your needs and at attractive interest rates along with impeccable service quality. To do this, you need to refinance your existing home loan from another institution to Tata Capital.
Urban alternative
There is another option for urban home loan seekers. Called the Urban Housing Fund, this is a Government of India initiative. Since the shortage of housing in urban areas is huge amid rising population of cities, policymakers have come up with this solution. Aimed at the lower and middle-income segments, the Urban Housing Fund provides money for home loans using a multi-branched approach. Such home loans are given at affordable rates. If you are interested, you should check your home loan eligibility under the scheme.
No dream is too big if you have the right support. Be it a rural, semi-urban or urban location, homes are there for everybody. With home loans, the search becomes that much easier. All you have to do is decide and financial institutions like Tata Capital can provide the customized home loan solution for your housing needs. So, wait no longer to buy the right house at attractive interest rates, speedy disbursal, fast processing and easy documentation.
