Home loan is a secured type of loan, offered only for purchasing a new/old property or construction of the house on a self-owned property. On approval, an eligible applicant receives from 75% to the maximum upto 90% of the home loan amount as per the total loan amount he/she has applied for earlier. Moreover, unlike personal loan, home loan comes with repayment holiday where borrower doesn’t need to make EMIs until the construction of the house have started. Interest Rates …