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Difference Between Home Loan And Plot Loan | Home Loan Vs Plot Loan скачать в хорошем качестве

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Difference Between Home Loan And Plot Loan | Home Loan Vs Plot Loan

A home loan and a plot loan are both types of loans used to purchase a property, but they have some significant differences. A home loan is a loan taken out to purchase a property that already exists, whether it's a new or resale home. The loan amount is calculated based on the property's value and the borrower's ability to repay the loan. Home loans typically have a longer repayment period, usually up to 30 years, and they are secured against the property being purchased. This means that if the borrower defaults on the loan, the lender can take possession of the property to recover the outstanding amount. A plot loan, on the other hand, is a loan taken out to purchase a piece of land. The loan amount is based on the value of the land, and the repayment period is shorter than a home loan, typically up to 15 years. The interest rates on plot loans are usually higher than home loans, as the lender takes on more risk since the property does not generate any income until a house is built on it. Once the borrower has obtained a plot loan and purchased the land, they may then be eligible to apply for a construction loan to build a house on the land. The construction loan would be used to pay for the cost of building the house and would be repaid over a shorter period than a home loan. In summary, the main difference between a home loan and a plot loan is that a home loan is used to purchase an existing property, while a plot loan is used to purchase a piece of land. Complete Fundamental Stock Analysis Tool - Stock-o-meter: https://investyadnya.in/stock-o-meter Research Based Ready-made Model Portfolios: https://investyadnya.in/model-portfolios Comprehensive Mutual Fund Reviews: https://investyadnya.in/fund-o-meter Yadnya Books and eBooks now available: On Amazon - https://amzn.to/2XKtlks On our website - https://investyadnya.in/books Find us on Social Media and stay connected: Blog - https://blog.investyadnya.in Telegram - http://t.me/InvestYadnya Facebook Page -   / investyadnya   Facebook Group - https://goo.gl/y57Qcr Twitter -   / investyadnya   LinkedIn -   / investyadnya   #homeloan #loan #financialplanning #InvestYadnya #YIA LEGAL DISCLAIMER: Use of this information is at the user's own risk. The Company and its directors, associates and employees will not be liable for any loss or liability incurred to the user due to investments made or decisions taken based on the information provided herein. The investment discussed or views expressed herein may not be suitable for all investors. The users should rely on their own research and analysis and should consult their investment advisors to determine the merit, risks and suitability of recommendation. Past performance is not a guarantee for future performance or future results. Information herein is believed to be reliable, although its accuracy and completeness cannot be guaranteed. The images used may be copyright of the company or third party. As a condition to using the services, the user agrees to the terms of use of the website and the services. DISCLOSURES UNDER SEBI (RESEARCH ANALYST) REGULATIONS, 2014: Yadnya Academy Pvt. Ltd. (InvestYadnya) is registered with SEBI under SEBI (Research Analyst) Regulations, 2014 with registration no. INH000008349. Disclosure with regard to ownership and material conflicts of interest 1. Neither Research Analyst nor the entity nor his associates or relatives have any financial interest in the subject Company; 2. Neither Research Analyst nor the entity nor its associates or relatives have actual / beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report or date of public appearance; 3. Neither Research Analyst nor the entity nor its associates or his relatives have any other material conflict of interest at the time of publication of the research report or at the time of public appearance. Disclosure with regard to receipt of Compensation 1. The Research Entity and its associates have not received compensation from the subject company in the past twelve months. 2. The subject company is not or was not a client during the twelve months preceding the date of recommendation.

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