To avail Loan for purchasing a new home, renovation of existing home, built home on own plot, purchase a plot, Extent current home. Owning a home is dream of every one and this dream loan knows as Home loan. Home loan is always valuable because of its long tenure repayment, cheap interest rate, and high loan amount, interest deduction in income tax, no pre payment charges and many more big benefits. Home loan is availed to own a new dream home.

Home loans are offered for small tenure to long tenure. You can avail it by your financial capacity and your age limit for 5 years to 30 years. You can also restructure your home loan by doing part payment or extra payment. Both two option are always open for your loan firstly to reconstruct you loan tenor or secondly reconstruct your EMI.

Before some year home loans in ahmedabad is offered by fix rate scheme or floating rate scheme. But now RBI change his norms and no bank can offer Home loan for fix rate for whole tenure. Bank can offer fix rate for first year or first three year but then after it convert in to floating rate. Floating rate is depends on base rate. So when there are any changes announced by RBI it directly affected to your home loan interest. If it is decreased then your rate is also decrease and if it is increase then it increase.