Housing is a national priority. Housing loan is the sum of money borrowed from a financial institution or bank to purchase the home.HDFC housing loan provides simple interest rate for buying home. Home loan today became a specialized and institutional activity towards the goal of bridging the gap between demand and supply. You generally take a home loan for either buying a home/flat or a plot of land for the construction of a house. Your lender will use your home as security and you completely own the home after you repay the loan in full.