What is ‘Home Loan’?
- By : Guest user
- Category : BOOKMARKING
- Tags: home loan car loan bike loan
‘Home loans’ are loans that an individual takes to purchase a house. These loans have a flexible interest rate and re-payment terms. The borrower uses the loan amount to fund the upfront cost of buying the house and repay the amount on a later date in form of multiple monthly installments, covering a certain amount of time depending on the funding amount and the financial capacity (or income) of the borrower.
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