Home loan is a loan granted by Bank/NBFC to an individual for purchasing a new house or flat or for constructing house over an existing plot or purchasing a new one. They are granted for either a fixed interest rate or floating interest rate. As the loan is granted by taking property as collateral, the home loans are secured loans and hence interest rates on home loans is generally quite low compared to any other type of loan. Home Loans are available in all major urban centres like Jaipur, Delhi etc.