Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the lender as a security till the repayment of the loan. The bank or financial institution will hold the title or deed to the property till the loan has been paid back with the interest due for it. Through a Home Loan, one can purchase or construct a new house/apartment, a Home Improvement loan is offered to those who wish to renovate their houses, a Home Extension loan is for consumers planning to add extra space in their house such as a new room or a new wing, a Loan against Property is offered for an individual seeking loan against an already existing property. There are a number of housing finance companies and banks that offer cheapest home loans available. The process of selecting one company and a suitable offer for home loan among the thousands available options has become a very complicated task owing to the burgeoning housing finance market in the country. You can compare between these and choose the best suited for you at EasyLoansIndia.