1. Home loans are essentially loans given by the bank for the purpose of acquiring a home or a residential property.
2. Mortgage loans are loans in which the loan applicant is supposed to give a property or any security as mortgage.
3. A home loan is given for the restricted end use of purchase of a property.
4. Interest rate on Home Loan are much lower than mortgage loans.
5. The mortgage can be land or assets like gold, securities, insurance etc.
6. Home loan is a type of mortgage loan.
2. Mortgage loans are loans in which the loan applicant is supposed to give a property or any security as mortgage.
3. A home loan is given for the restricted end use of purchase of a property.
4. Interest rate on Home Loan are much lower than mortgage loans.
5. The mortgage can be land or assets like gold, securities, insurance etc.
6. Home loan is a type of mortgage loan.
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