A home loan is a secured financial product that helps individuals purchase or construct a house by borrowing from banks or financial institutions. With flexible repayment options, competitive interest rates, and long tenure, it allows people to achieve their dream of homeownership without exhausting their savings. A home loan can be availed based on income, credit score, and property value. Most lenders also provide online tools like eligibility checkers and EMI calculators to ease the process. If managed wisely, a home loan can offer tax benefits and long-term financial stability to borrowers seeking to invest in real estate.
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