Need A Financial Product Forums Loans Difference between equity home loan and mortgage home loan

This topic contains 1 reply, has 2 voices, and was last updated by  Nikhita Anand 3 years, 2 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #48474

    I want to apply for a home loan with HDFC Ltd. I have come across the term ?equity home loan’. Is it in any way different from mortgage home loan? Can I borrow equity home loan for purchasing my first house?


    Sudhir Nagar

    When you mortgage a property that is already there on your loan, it is called as equity home loan. Mortgage home loan is the normal housing loan which we talk in general. Logically, you cannot borrow equity home loan for purchasing first house.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.