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Things to know about application for a home loan

Financial institutions such as banks and HFCs provide home loans to individuals against the property that will be mortgaged to the lender. The borrower repays in EMIs towards interest on loan and repayment of principal. The terms and conditions may vary with banks. Hence, potential borrowers may find it beneficial to select a loan provider with the most attractive and flexible terms at the time of availing and servicing the loan.

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