Land Loan Vs Home Loan – What is the difference?

Finances News

Land Loan is the loan facility availed for buying a land. Land or plot is generally purchased as an investment or for building a house. So, if you are planning to buy a plot, you need to take a land loan and not a home loan. Home loan is offered only for property which is already constructed or under construction. There are certain basic differences between Land Loan and Home Loan in terms of tax implication, qualification, eligibility and other […]

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