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Just just exactly How is land loan not the same as house loan?

Just just exactly How is land loan not the same as house loan?

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Indian investors are typically inclined towards buying land either purely as a good investment or even for building a home.

Therefore, if you should be thinking of buying a plot, may very well not qualify for a mortgage, but also for a land loan. Mortgage loans can be obtained just for the home currently built, under construction or expected to go through construction quickly. For funding the purchase of a vacant plot, you’re going to need to go after a land loan rather.

Read moreJust just exactly How is land loan not the same as house loan?