Home loans, also known as mortgages, use the borrower's home for collateral. This home can be a single-family house up to a four-unit property, as well as a condominium or cooperative unit. Lenders fund home loans, but both the lenders themselves and brokers who act on behalf of the lenders originate, or process, them. Loan acquired from a financial institution to purchase a home. Home loans consist of an adjustable or fixed interest rate and payment terms. Home loans may also be referred to as mortgage loans.

The ownership of a house is one of the key signs of success among the fast-growing Indian middle class. As the income of the average Indian family increases, there has been a continuous increase in the desire to own a house and this has led to consistent increase in the property prices over the last few years. This is true for not just the big cities but also for smaller cities across India. This unbridled price rise has made it near impossible for the common man to purchase their home through just savings.

Home loan is a kind of financial assistance that you can avail to turn your dream of having your own home into reality. With the help of home loan you can borrow a lump sum amount against 80% —90% of your property value and repay the amount with interest according to the applied home loan interest rate in easy EMIs (Equated Monthly Installments) in the given tenure of the loan.

The Friend Digital 24 offers pocket friendly home loans, which are suitable for all range of clientele. Friend Digital 24 Home loan interest rate is attractive and low as compared to other banks and processes the home loan application fast and prompt. Now to dream of having our own home is no more a dream. With easy loan processing, transparent process, low rate of interest and total flexibility, you can easily make your dream a reality with Friend Digital 24 Home Loans.