What is home loan and non home loan

Question

Accepted Answer

Home loan is a loan taken to purchase or construct a house, while non-home loan is a loan taken for other purposes.

Home loan is secured against the property being purchased or constructed
Non-home loan can be secured or unsecured
Examples of non-home loans include personal loans, car loans, and education loans

Accepted Answer

The term of certain property was buying in this shortage of amount.....the sum financial companies was provided loan ..... example PNB ....it's a home loan....non home loan was for purchase of any commercial building or property in this funding of personal and business expenses.

Accepted Answer

At PNB Housing, we provide loans for purchase, construction and extension of dwelling units. We offer customised Home Loan solutions with best-in-class services, full-fledged domain knowledge and simplified loan procedures.

Home loan is a loan disbursed by a bank or financial institution (lender) to an individual specifically for buying a residential property. Here, the lender holds the title of property until the loan is paid back in full along with interest.

What is home loan and non home loan

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