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Home Loan

Why Home Loans?

Buying a home is one of the biggest financial investments you may make in your lifetime. A house loan or home loan simply means a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment term. A home loan is an amount of money that an individual borrows from a bank or money lending company at a certain rate of interest to be paid with the EMI every month. The property is taken as a security by the money lending company for the Home Loan. Home loans consist of an adjustable or fixed interest rate and payment terms. ... The property is mortgaged to the lender as a security till the repayment of the loan.

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