Taken for buying a ready-to-move-in or an under-construction housing property.    

Taken for buying a plot of land and constructing a house on it.

Interest rate

Interest rates are lower.

Interest rates are higher than home loans.


Eligibility & documents


Lenders ask for basic eligibility and minimal documents.


Lenders require additional documentation and eligibility.

Loan tenure

Comes with high loan tenures of up to 30 years.

Loan tenure usually ranges between 10 to 15 years.


Available offline as well as online.

Usually not available online as they involve extensive paperwork.


The entire loan amount is disbursed in a single installment unless the loan is taken for an under-construction property.

The loan amount is usually disbursed in several installments as the construction reaches specified stages.