With the general people becoming more and more open to home loans, loan providers are coming up with better and more attractive home loans. With a host of cheaper home loans on the offer, it is best to compare home loans first and then make a purchase. 

Home loan is a relatively broad category, as it not only includes a bank loan for purchasing a new or existing house. Loan providers are offering Home loans for different purposes according to the changing needs of the customer

Home Purchase Loans	Land Purchase Loans/Plot Loans	Home Construction Loans	Home Improvement Loans	Home Conversion Loans	Home Extension Loans
As evident by the name, this type of home loan can be availed when buying a new home. You can find the best home loans in India at Paisa Bazaar and compare home loans against various criterions.	The land purchase loan may be availed in order to complete the purchase of a plot of land for construction or as an investment. Land purchase loans are just like a home loan only difference being this loan is used to purchase a vacant plot. The term, the interest rate and procedure for both home loan and land purchase loan is similar	This type of home loan can be availed for construction of the house. This type of loan is applicable only if you already own a plot of land and plan to start construction of your house on it..	Home improvement loans are becoming increasingly popular as you can avail these rates near to home loans interest rates. These loans can be availed when you are planning to renovate or make repairs to your current home.	If you already own a house with an existing home loan and are planning to purchase a new house, you can opt for a home conversion loan.	With time you might feel the need to add more space to your house for varied reasons, such as a growing family. Opt for this home loan type when you plan to increase your living area and extend your existing home.