What is the difference between a home loan and a loan against property

There is a big difference between a home loan and a loan against property. Home loan is a loan that is taken for the purpose of buying a house. The bank or financial institution lends the money for the purchase of the house and the security available for the borrowing is the house itself. As against this, loan against property is a loan that can be used for any purpose. Though the security for the loan is a property the use can be anything and this is the major difference between the two loans.