Buying a plot or a house? Here's which loan is right for you

Homebuyers are faced with a decision between land loans and home loans when it comes to acquiring property. Home loans cater to those looking to finance ready homes or their construction, while land loans specifically support the purchase of plots. Though home loans provide higher financing limits and longer repayment periods, land loans usually demand larger down payments and may accompany steeper interest rates.

By TOI REAL ESTATE DESK