Home loan is given for new home (house flat kothi appartment) purchase, to renovate furnish the house, to purchase the plot land to build the house etc. features of home loan : >loans from rs.5.00 lacs & above. >the loans are generally approved within 7 working days of submission of complete documentation. >home loan tenure up to 20 years. >it can be clubbed income of 3 persons from a family. Key features of term loan