Overview
Loan 4 Sure India Home Loan is a Secured loan offered against the security of a house which is funded by the bank’s, the property could be a personal property or a commercial one. Home loan will help you in reducing your tax liability along with creating an asset. You must be careful in going for a home loan because, it can create problems for you at a later stage. The Home Loan is a loan taken by a borrower from the bank issued against the property intended to be bought on the part by the borrower giving the bank a conditional ownership over the property that’s why if the borrower is failed to pay back the loan, the bank can retrieve the rest of the pending money by selling the property. It’s one of the most important factors that one should keep in mind while taking Home Loan. It refers to the no. of years for which the loan has to be taken. Longer the tenure higher will be the interest paid and lower will be amount of EMI to be paid and vice-a-ersa. It is one of the parameters which helps in comparing the EMIs from different banks keeping it constant for relationship and easing the judgment.
Read moreMahesh Chawda
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