A housing loan is an amount an individual borrows from the bank as housing finance to buy a new or a resale home, construct a home or renovate or extend an existing one. The money is borrowed at a specific interest rate and repaid within a particular duration in smaller instalments known as EMIs (Equated monthly instalments).
The bank is having attractive housing loan schemes for new construction, new/old flat/home purchase, plot purchase, renovation/rapairy of existing home, etc for long duration as per your requirement.