{"id":7649,"date":"2023-09-28T16:10:19","date_gmt":"2023-09-28T10:40:19","guid":{"rendered":"https:\/\/www.omaxe.com\/blog\/?post_type=web-story&#038;p=7649"},"modified":"2023-09-28T16:10:21","modified_gmt":"2023-09-28T10:40:21","slug":"home-loan-vs-land-loan","status":"publish","type":"web-story","link":"https:\/\/www.omaxe.com\/blog\/web-stories\/home-loan-vs-land-loan\/","title":{"rendered":"Home Loan vs Land Loan: Same or Different?"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Roboto%3Awght%40400%3B700\" rel=\"stylesheet\"\/><link 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publisher-logo-src=\"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2022\/12\/Untitled-design-37.png\" title=\"Home Loan vs Land Loan: Same or Different?\" poster-portrait-src=\"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/02\/cropped-Home-Loan-5-1.jpg\"><amp-story-page id=\"aa78d46c-4252-4f7c-b536-e96ffb9eb285\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#d9d9d9\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-8370ed0c-b549-47d6-b81c-b0af27303d6a\">\n<div style=\"position:absolute;width:266.43458%;height:100%;left:-63.60945%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" 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style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.10416666666666667% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.485437em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">Home Loan vs Land Loan: Same or Different?<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:72.57282%;top:-4.85437%;width:23.30097%;height:4.53074%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f5e7a91c-4099-4710-bcf9-b41ab2fd6f23\">\n<div style=\"position:absolute;width:101.28779%;height:100%;left:-0.64389%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/04\/image.png\" alt=\"image\" srcSet=\"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/04\/image.png 191w\" sizes=\"(min-width: 1024px) 10vh, 23vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"11c2f6af-da13-4d21-a5b1-47d2207d78bf\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b88b9a2e-b2ec-4fb2-a54c-702577f5bdd5\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f9df13ad-80ec-4d65-afac-f1c1f87e9327\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#262626\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-2a95eb38-a103-4244-a6f2-a2210ca6eb42\">\n<div style=\"position:absolute;width:266.66667%;height:100%;left:-83.33334%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyfHxsb2FufGVufDB8fHx8MTY5NTg5NDUzM3ww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5616&amp;h=3744&amp;fit=max\" alt=\"fan of 100 U.S. dollar banknotes\" 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id=\"el-e9b571ed-284d-4100-bf85-3b9b5cc3d83c\">\n<div class=\"fill\" style=\"background-color:rgba(230,30,37,0.7);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:3.15534%;top:67.63754%;width:94.66019%;height:20.87379%;opacity:1\">\n<div id=\"anim-b88b9a2e-b2ec-4fb2-a54c-702577f5bdd5\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-f9df13ad-80ec-4d65-afac-f1c1f87e9327\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5128205128205128% 0.5128205128205128% 0.5128205128205128% 0.5128205128205128% \/ 1.550387596899225% 1.550387596899225% 1.550387596899225% 1.550387596899225%\" id=\"el-2891837d-bc7a-481e-b73d-9a022cab662e\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.04182692307692284% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.291262em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #fff\">Do you want to lease or buy a new property? If yes, the market has several options for finance. However, exploring such options give rise to practical questions. Like this one: What is the&nbsp;<\/span><span style=\"font-weight: 700; color: #fff\">difference between a home loan and a land loan<\/span><span style=\"color: #fff\">?<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"97746c98-1baa-49b7-8c16-ef65145e5055\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-653739c7-73c7-4873-a176-7fc2ecc968c3\",\"keyframes\":{\"transform\":[\"translate3d(-103.33333%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cd33467a-4147-4ad8-9deb-3d20bc5cf4d5\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f76a7286-ab77-4dae-b423-d9642a69291c\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#a68c59\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5156543a-8de7-437f-9233-5aec82d053ab\">\n<div style=\"position:absolute;width:236.76206%;height:100%;left:-68.38103%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1560518883-ce09059eeffa?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw0fHxsb2FufGVufDB8fHx8MTY5NTg5NDUzM3ww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4592&amp;h=3448&amp;fit=max\" alt=\"white and red wooden house miniature on brown table\" srcSet=\"https:\/\/images.unsplash.com\/photo-1560518883-ce09059eeffa?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw0fHxsb2FufGVufDB8fHx8MTY5NTg5NDUzM3ww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4592&amp;h=3448&amp;fit=max 4592w,https:\/\/images.unsplash.com\/photo-1560518883-ce09059eeffa?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw0fHxsb2FufGVufDB8fHx8MTY5NTg5NDUzM3ww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3673&amp;h=2758&amp;fit=max 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template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-12.37864%;top:71.35922%;width:118.68932%;height:52.91262%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-ef954a19-48bc-4444-a3c7-dd4c96969bc4\">\n<div class=\"fill\" style=\"background-color:rgba(230,30,37,0.7);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:3.15534%;top:74.43366%;width:94.66019%;height:27.6699%;opacity:1\">\n<div id=\"anim-653739c7-73c7-4873-a176-7fc2ecc968c3\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-103.33333%, 0px, 0)\">\n<div id=\"anim-cd33467a-4147-4ad8-9deb-3d20bc5cf4d5\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-f76a7286-ab77-4dae-b423-d9642a69291c\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5128205128205128% 0.5128205128205128% 0.5128205128205128% 0.5128205128205128% \/ 1.1695906432748537% 1.1695906432748537% 1.1695906432748537% 1.1695906432748537%\" id=\"el-934a9573-3133-45eb-9fbe-84a617ddbbd1\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.04182692307692284% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.291262em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #fff\">In simple words, a home loan is an amount of money you borrow from banks or financial institutions. This&nbsp;<\/span><span style=\"font-weight: 700; color: #fff\">home loan definition<\/span><span style=\"color: #fff\">&nbsp;applies to house loans too.<\/span><\/p>\n<p><span style=\"color: #fff\">The purpose of this loan is to purchase a house or residence. Borrowers can select a suitable interest rate scheme.&nbsp;<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:-0.24272%;top:62.45955%;width:100%;height:9.54693%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-585df227-7d55-40b5-88b4-a8c7a6e4f341\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:15.7767%;top:65.04854%;width:101.45631%;height:5.50162%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.4784688995215311% 0.4784688995215311% 0.4784688995215311% 0.4784688995215311% \/ 5.88235294117647% 5.88235294117647% 5.88235294117647% 5.88235294117647%\" id=\"el-4092756b-4743-4928-a2a0-9eefbd0ab17c\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.0941985645933016% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.453074em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">What Are Home Loans?<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"4cffaf4e-3ba7-4a1c-abc1-ebf99c6effd2\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-fa6390c3-5919-4593-a923-5cda7f52d5ee\",\"keyframes\":{\"transform\":[\"translate3d(102.56411%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-98f557df-31d1-4b76-98c8-a850280939b2\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cde0cdc9-9a75-4f1e-89a4-c846651de5e0\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#404040\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-b4b707d7-4192-442c-b853-d7b38fcb9daf\">\n<div style=\"position:absolute;width:266.66667%;height:100%;left:-83.33334%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1542430429-58de68cd873e?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bGFuZCUyMGxvYW58ZW58MHx8fHwxNjk1ODk1MjQxfDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5184&amp;h=3456&amp;fit=max\" alt=\"birds eye photography of rice terraces\" srcSet=\"https:\/\/images.unsplash.com\/photo-1542430429-58de68cd873e?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bGFuZCUyMGxvYW58ZW58MHx8fHwxNjk1ODk1MjQxfDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5184&amp;h=3456&amp;fit=max 5184w,https:\/\/images.unsplash.com\/photo-1542430429-58de68cd873e?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bGFuZCUyMGxvYW58ZW58MHx8fHwxNjk1ODk1MjQxfDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4147&amp;h=2765&amp;fit=max 4147w,https:\/\/images.unsplash.com\/photo-1542430429-58de68cd873e?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bGFuZCUyMGxvYW58ZW58MHx8fHwxNjk1ODk1MjQxfDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3110&amp;h=2073&amp;fit=max 3110w,https:\/\/images.unsplash.com\/photo-1542430429-58de68cd873e?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bGFuZCUyMGxvYW58ZW58MHx8fHwxNjk1ODk1MjQxfDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2073&amp;h=1382&amp;fit=max 2073w,https:\/\/images.unsplash.com\/photo-1542430429-58de68cd873e?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bGFuZCUyMGxvYW58ZW58MHx8fHwxNjk1ODk1MjQxfDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1036&amp;h=691&amp;fit=max 1036w,https:\/\/images.unsplash.com\/photo-1542430429-58de68cd873e?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bGFuZCUyMGxvYW58ZW58MHx8fHwxNjk1ODk1MjQxfDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 120vh, 267vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:52.10356%;width:100%;height:9.54693%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-dd7e1856-1fad-41f0-bcce-b992a4b1abd3\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:22.57282%;top:54.85437%;width:101.45631%;height:4.69256%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.4784688995215311% 0.4784688995215311% 0.4784688995215311% 0.4784688995215311% \/ 6.896551724137931% 6.896551724137931% 6.896551724137931% 6.896551724137931%\" id=\"el-1ce549f5-fe98-4f93-8cda-f55fc22fa4c5\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.08410586124401914% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Features of The Lake<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:-3.39806%;top:57.28155%;width:118.68932%;height:52.42718%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-9b87a504-32f0-432e-9e05-60821acb9421\">\n<div class=\"fill\" style=\"background-color:rgba(230,30,37,0.7);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:52.10356%;width:100%;height:9.54693%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-3f0d4737-1a78-4b85-93e4-316be7a80ed2\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.83495%;top:55.01618%;width:101.45631%;height:5.50162%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.4784688995215311% 0.4784688995215311% 0.4784688995215311% 0.4784688995215311% \/ 5.88235294117647% 5.88235294117647% 5.88235294117647% 5.88235294117647%\" id=\"el-a94c6c8a-adbb-460c-b11b-be51cd85704a\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.0941985645933016% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.453074em;line-height:1.2;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">What Are Land Loans?<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:2.91262%;top:66.34304%;width:94.66019%;height:38.1877%;opacity:1\">\n<div id=\"anim-fa6390c3-5919-4593-a923-5cda7f52d5ee\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(102.56411%, 0px, 0)\">\n<div id=\"anim-98f557df-31d1-4b76-98c8-a850280939b2\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-cde0cdc9-9a75-4f1e-89a4-c846651de5e0\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5128205128205128% 0.5128205128205128% 0.5128205128205128% 0.5128205128205128% \/ 0.847457627118644% 0.847457627118644% 0.847457627118644% 0.847457627118644%\" id=\"el-ae6cb10e-b237-4f8c-b6a1-de69a455fade\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.04182692307692284% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.291262em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #fff\">Land loans are different from home loans in one aspect. This type of loan allows a borrower to make money to purchase a plot of land.<\/span><\/p>\n<p><span style=\"color: #fff\">This money is available from banks or other financial institutes. Land loans are of three basic types:<\/span><\/p>\n<p><span style=\"color: #fff\">\u2013 Raw<\/span><br \/>\n<span style=\"color: #fff\">\u2013 Improved<\/span><br \/>\n<span style=\"color: #fff\">\u2013 Unimproved<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"40bed3d2-4e32-43fd-b32a-831f0cdc5e8b\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-59151b1f-3b92-44a2-8903-b72451e4cf0d\",\"keyframes\":{\"transform\":[\"translate3d(-103.07692%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-866ebb59-4ada-42db-92bd-e264ffb09b3b\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-786e75c6-0e1b-4692-84a6-e88bd11947ea\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#d9f3d9\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-557cfe60-bcf0-4bca-827f-50914b6664f5\">\n<div style=\"position:absolute;width:266.37713%;height:100%;left:-83.18856%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY5NTg5NDUzM3ww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=7360&amp;h=4912&amp;fit=max\" alt=\"man writing on paper\" srcSet=\"https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY5NTg5NDUzM3ww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=7360&amp;h=4912&amp;fit=max 7360w,https:\/\/images.unsplash.com\/photo-1450101499163-c8848c66ca85?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwzfHxsb2FufGVufDB8fHx8MTY5NTg5NDUzM3ww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5888&amp;h=3930&amp;fit=max 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template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-12.37864%;top:55.17799%;width:118.68932%;height:57.60518%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-85cb5aba-12c0-41fa-9d31-83e8babc2681\">\n<div class=\"fill\" style=\"background-color:rgba(230,30,37,0.7);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:46.27832%;width:100%;height:12.45955%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4a42fc6d-a009-47cb-a34a-cde4e1436c0c\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:5.58252%;top:47.24919%;width:91.74757%;height:10.35599%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5291005291005291% 0.5291005291005291% 0.5291005291005291% 0.5291005291005291% \/ 3.125% 3.125% 3.125% 3.125%\" id=\"el-7da18f29-4860-43f2-acf7-3332bbfc0b98\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.10044642857142838% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.436893em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700\">Home Loan vs Land Loan:&nbsp;<\/span><br \/>\n<span style=\"font-weight: 700\">The Similarities<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:2.91262%;top:60.19417%;width:94.66019%;height:38.1877%;opacity:1\">\n<div id=\"anim-59151b1f-3b92-44a2-8903-b72451e4cf0d\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-103.07692%, 0px, 0)\">\n<div id=\"anim-866ebb59-4ada-42db-92bd-e264ffb09b3b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-786e75c6-0e1b-4692-84a6-e88bd11947ea\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5128205128205128% 0.5128205128205128% 0.5128205128205128% 0.5128205128205128% \/ 0.847457627118644% 0.847457627118644% 0.847457627118644% 0.847457627118644%\" id=\"el-3d821b1b-1481-4c08-b402-6cb79cb464a6\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.04182692307692284% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.291262em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"color: #fff\">You might be wondering why there\u2019s a fuss about the&nbsp;<\/span><span style=\"font-weight: 700; color: #fff\">home loan vs. land loan<\/span><span style=\"color: #fff\">&nbsp;query. Even though the definitions seem straightforward, there are certain similarities.<\/span><\/p>\n<p><span style=\"color: #fff\">The following points are nearly the same for both home and land loans:<\/span><\/p>\n<p><span style=\"color: #fff\">\u2013 Application process<\/span><br \/>\n<span style=\"color: #fff\">\u2013 Terms and conditions<\/span><br \/>\n<span style=\"color: #fff\">\u2013 EMI options<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2021\/08\/Home-Loan.jpeg\"><a href=\"https:\/\/www.omaxe.com\/blog\/home-loan-vs-land-loan-same-or-different\/\" rel=\"\">Read out for more<\/a><\/amp-story-page-outlink><\/amp-story-page><amp-story-page id=\"943b2ba9-1e45-4c1c-a8d4-6c6fb4b9be86\" auto-advance-after=\"7s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-3eb6a4df-0b2d-4cae-8c9b-504bcf1eec9d\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#d7d9dd\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f6de9e8a-9033-430f-b44d-12bae74a2679\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/02\/omaxe-web-story.png\" alt=\"omaxe web story\" srcSet=\"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/02\/omaxe-web-story.png 720w,https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/02\/omaxe-web-story-576x1024.png 576w,https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/02\/omaxe-web-story-470x836.png 470w,https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/02\/omaxe-web-story-370x658.png 370w,https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/02\/omaxe-web-story-169x300.png 169w,https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2023\/02\/omaxe-web-story-150x267.png 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-14.07767%;top:100.64725%;width:113.83495%;height:6.79612%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-39e54de2-9bf3-43c1-80ce-9c1151d9218d\">\n<div class=\"fill\" style=\"background-color:#022956;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:26.94175%;top:101.45631%;width:69.66019%;height:4.20712%;opacity:1\">\n<div id=\"anim-3eb6a4df-0b2d-4cae-8c9b-504bcf1eec9d\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6968641114982579% 0.6968641114982579% 0.6968641114982579% 0.6968641114982579% \/ 7.6923076923076925% 7.6923076923076925% 7.6923076923076925% 7.6923076923076925%\" id=\"el-a2f258b3-5738-4d51-8f91-2a9a876899a7\"><a href=\"https:\/\/www.omaxe.com\/\" data-tooltip-text=\"Top Builder, Real Estate Developer Company in India | Omaxe Ltd Properties\" target=\"_blank\" rel=\"noreferrer noopener\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0\"><\/p>\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.06946864111498252% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.355987em;line-height:1.19;text-align:left;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">www.omaxe.com<\/span><\/span><\/h3>\n<p><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this guide, we focus on the similarities and differences between home loans and land loans. Eventually, you will be able to make the right decision to buy your next property.<\/p>\n","protected":false},"author":2,"featured_media":7653,"template":"","meta":{"web_stories_products":[],"web_stories_publisher_logo":4758,"web_stories_poster":[]},"web_story_category":[],"web_story_tag":[],"wbAuthor":{"name":"Omaxe Limited","link":"https:\/\/www.omaxe.com\/blog\/author\/apwebworld\/"},"wbDate":"Sep 28, 2023","wbCategories":{"space":"","coma":""},"wbComment":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v20.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Home Loan vs Land Loan: Same or Different? - Omaxe Blog<\/title>\n<meta name=\"description\" content=\"In this guide, we focus on the similarities and differences between home loans and land loans. 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style=\"font-weight: 700\">Home Loan vs Land Loan:&nbsp;<\/span>\n<span style=\"font-weight: 700\">The Similarities<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":23,"y":292,"width":378,"height":64,"basedOn":"7833dbfb-4787-4ed2-b71f-844a1efca093","marginOffset":0.5625,"id":"7da18f29-4860-43f2-acf7-3332bbfc0b98","type":"text"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Roboto"},"fontSize":18,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.189999999999999946709294817992486059665679931640625,"textAlign":"left","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"content":"<span style=\"color: #fff\">You might be wondering why there\u2019s a fuss about the&nbsp;<\/span><span style=\"font-weight: 700; color: #fff\">home loan vs. land loan<\/span><span style=\"color: #fff\">&nbsp;query. 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