What is a Home Loan?
Home Loan is a Secured Loan offered against the security of a house/property which is funded by the Society loan, the property could be a personal property or a commercial one. The Home Loan is a loan taken by a borrower from the Society issued against the property/security intended to be bought on the part by the borrower giving the Society a conditional ownership over the property i.e. if the borrower is failed to pay back the loan, the Society can retrieve the lent money by selling the property.