What are the kinds of loans available ?   While different home loans providers of various products are available, some of the loans provided are listed below : Home loan : This is the most common form of housing loans, where the financial institution provides a loan for either a ready to move in flat / home, or a home that is still under construction. The value of the house that may be funded by the institution concerned varies by the institution, but it is reasonable to expect that almost 85-90% of the total value (incl. registration & stamp duty charges) can be covered by the loan. Needless to add, this percentage would depend on the value of the property, the strength of your papers, as also, the norms of the financial institutions you approach for obtaining a loan. Loans are also available for implementing repair work, renovations, expanding your current home, etc. You may even opt for going in for constructing of house, once you have purchased the requisite plan. A number of financial institutions and banks offer a facility whereby a loan sanctioned by them for current property owned by you can be increased and shifted for a new home sought to be purchased by you. With this facility, you can sell off your existing house and use the proceeds to buy new house, subject however, to the approval of the lender. On the same lines, in the event your current home is debt free, institutions are willing to provide bridge loans for you to buy a new property and sell the existing one. Thus, you can book a new house using the bridge loan and not having to indulge in a quick / distress sale of the existing property. Once the existing property is sold, you can repay the bridge loan. Loans can today be transferred from one provider to another. You may wish to do that in the event your existing loan is at a very high rate of interest. However, typically there are charges for prepaying and or transferring a loan and you would need to calculate the cost effectiveness of this.