Bangalore: Food, clothing and shelter are the three most basic needs of human. However buying garments and mid day meals doesn’t make holes in pocket. But for purchasing dream house, you do need bundles of cash. Since in this world everyone is not born rich, one can atleast take a home loan to buy a desired house. You would be delighted to know that there are 10 types of home loan available in India. And lenders provide home loans not only for buying houses but for a variety of related purposes, reports Rediff.

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1. Land Purchase Loans

You can take land purchase loans for buying a plot of land on which you wishes to construct a house. Most banks provide loan amount matching up to 85 percent of the price of the land. These loans enable you to purchase land both for residential and investment purposes. At present, almost all leading banks are offering this loan like ICICI Bank (land loan), Axis bank (loan for land purchase) etc.

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