Home Loans Explained Home loans are loans offered by banks and housing finance companies for the purpose of buying a house or an apartment, for construction or for renovation purposes. The loans are repaid in regular monthly installments that typically include principal and interest. The term of repayment can vary, but many home loans have repayment periods of up to 20 to 30 years. Interest rates charged on home loans depend on the credit profile of the customer and other factors. Borrowers can use home loans to finance up to 80 to 90 % of the cost of a home home loan , flat loan , car loan, mortgage loan housing loan, loan against property , building construction mortgage loan process , independent house for sale in hyderabad