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1. Presented By:
Vijay

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

3. Types Of Home Loan:-
 Home Purchase Loan
 Home Improvement Loan
 Home Extension Loan
 Home Conversion Loan
 Bridge Loan
 Home Construction Loan

4. Function:-
The most common purpose of a home loan is to provide the funds a buyer
needs to purchase a home. Home equity loans allow a homeowner to
borrow against the difference between the home’s value and the current
loan balance, or equity. Investor loans permit buyers to purchase homes as
rental properties or to fix up and sell at a profit.

5. ADVANTAGE:-
 Sense of accomplishment
 Capital Appreciation
 Low interest rate
 Tax Benefit: Interest paid
 Tax Benefit: Principal Repayment

6. DISADVANTAGE:-
 Actual Cost of Property
 Loss of HRA Component
 Home Loan is Long Term Commitment
 Volatile Interest Rate Movement
 Opportunity Lost

7. Buying a Home
Vs
Renting a House

8. EMI is the abbreviation for Equated Monthly Installment. Home
Loan EMI is the monthly repayment that borrower should make
to repay the home loan as per amortisation schedule.
What is Home Loan EMI?

9. Home Loan EMI Calculator

11. What is the benefit of calculating EMI?
Since EMI is the fixed amount that you will need to pay to the
bank towards repayment of your Loan, calculating the EMI
helps you to plan your monthly budget