Other Loans against Property

Many of the banks/FIs studied in this exercise are also offering the following loans: 1) Loans to undertake repair/renovate the existing house where you own and live (called ‘home improvement loans’) 2) Business or personal loan/cash credit limit (up to a certain amount) against creation of mortgage (a kind of charge on the property) 3) Addition of rooms/extension in the existing

property where you own and live 4) Takeover of loan from one bank/FI to another (instances where the new-entrant bank/FI is offering better loan terms such as rate of interest, additional loan funds)