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Home Loan

Since it is a borrowing from a lender, as a security against default, the financial institution technically owns the property until the loan is repaid.

The tenure of the loan can be selected as per the requirement of the borrower. The amount of the loan and the EMI for repayment depends on multiple factors, including the value of the property, borrower’s income and repayment capacity, interest rates and more.

Things to keep in mind before taking a home loan