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Thursday, July 29, 2010

House loan

Home loans are available who are Salaried and self-employed. Most Banks are offering to you the most convenient home loans plans for your needs with so many attractive features in an every type of home loans they offer or creating the home you always wanted is no longer a long dream.

Home loans are offered by the Housing Finance Companies which can be ranging from buying a house

* Either from the developer to built or unbuilt
* Under construction
* From a second owner for the improvement
* Renovation of the existing building structure.

The Home loans are eligible for the following conditions that are given below:

1. The person who applied for loans must be at least 21 years of age when the loan is sanctioned.

2. The loan must be terminate when you turn 65 years of age (or) before retirement.

3. You must be a regular source of income with employed or self-employed.