home loan

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Related to home loan: home equity loan


A loan used to buy real estate. A mortgage is secured by the property it is used to purchase. One must make monthly payments on a mortgage, and there is a set term before full payment is due, often 15, 20, or 30 years. Some mortgages have fixed interest rates, while others have variable interest rates. If one defaults on a mortgage, the bank making it may take possession of the real estate and sell it to recover its investment. Some banks, notably savings and loans, specialize in making mortgage loans. See also: Mortgage-backed security.

home loan

See mortgage.

References in periodicals archive ?
Bajaj Finserv's home loan application is convenient and transparent process wherein the applicant can check their eligibility online and calculate their EMI through the home loan EMI calculator for choosing their tenure.
With BDO Home Loan, you can enjoy the ease and simplicity of applying for a home loan from wherever you can access the website-which means, in today's Internet-saturated world, wherever you are.
Renu Sud,managing director,HDFC Ltd,says," If a women is a first applicant / co -- applicant and sole or joint owner of the property then applicants can avail the home loan at 5 bps below the normal applicable home loan rate.
0 million home loan applications and reported information on nearly 2.
The move will benefit all existing customers of floating home loans, whose home loan rates will be reduced by 0.
The 1990 HMDA data also indicate some differences when home loan applicants are categorized by gender-male (one or more males), female (one or more females), or joint (one male and one female) (tables 4 and 5).
Applying for home loan with Bajaj Finserv is an easy and convenient process wherein the customer can check their eligibility online and calculate their EMI through the home loan EMI calculator with the flexibility of choosing their tenor.
Bajaj Finserv also allows its customers to apply for a home loan with minimum and basic documents like identity proof, address proof, income details and bank statement.