Skip to content
IFSIntellect Financial Services

Home Loans

Buy, construct, renovate or extend a home — including plot, composite and construction loans.

What is a Home Loan?

A home loan is an amount an individual borrows from a financial institution such as a housing finance company to buy a new or a resale home, construct a house or renovate or extend an existing one. The money is borrowed at a specific interest rate and repaid within a particular duration in smaller instalment known as EMIs (Equated monthly instalment).

Purpose of Home loans

This is the most common type of home loan. As the name suggests, these loans are meant for buying a new apartment, row house, or bungalow, from a developer or a development authority. You can use this type of loan to purchase under-construction or ready property.

What types of Properties can be funded under Housing Loans.

Loans to Buy Prime properties built as per approved Sanction Map, or Authority flats or approved builder properties, Houses in regularized colonies which do not have sanction map, Properties under PM Uday registered or under GPA are also funded by NBFC

Guides in this section

Detailed guidance on home loans.

Home Loans EMI calculator

Estimate the monthly instalment on a home loans. Indicative only — your final rate depends on the lender, your profile and the collateral offered.

₹ 50 L
₹ 1 L₹ 5 Cr
8.75 %
620
20 years
130

Prefer exact numbers? Type them in — the sliders and the boxes stay in sync.

Monthly EMI

₹44,186

over 240 monthly instalments

Principal
₹50,00,000
Total interest
₹56,04,529
Total payable
₹1,06,04,529
Principal 47%Interest 53%
Check my actual rate

Talk to Mr. Manish Jotwani on 9650-50-6444

Have a question about Home Loans?

Every case is different — especially when it is mixed with the legal aspects of collateral. Talk to us directly and we will tell you where you stand.