HDFC bank ranks as one of the most promising banks in the Indian industry. The bank offers various housing finance related products. Home Loans offered by HDFC can be used for purchase of a house, bungalow, villa, or a flat, apart from the loan products that are offered for purpose of extension, and home improvement loans which can be utilized for purposes of adding a room, renovations, painting, etc. HDFC also offers specialized home loan scheme for rural parts of the country.