A Home Loan is a loan taken for the purpose of purchasing a residential property.
Following are some of its features- 1. Home Loan is granted against the mortgage of the property to be purchased. 2. Maximum Tenure for a home loan is 20 years (Some Banks offer Home Loans for a period of 30 years also) 3. Maximum amount that can be granted as a home loan is 75% to 90% of property cost Leave a Reply. |
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