What is the house loan? Sequrty

Question

Accepted Answer

A house loan is a type of loan provided by financial institutions to individuals for the purpose of purchasing or constructing a house.

House loan is a form of financial assistance provided by banks or lenders to help individuals buy or build a house.
It involves borrowing a specific amount of money from the lender, which is then repaid over a period of time with interest.
The house being purchased or constructed is often used as collateral or security for the loan.
The loan amount, interest rate, and repayment terms vary depending on the lender and the borrower's financial situation.
House loans can have fixed or adjustable interest rates.
Examples of house loans include mortgage loans, home equity loans, and construction loans.

Accepted Answer

A home loan is an amount an individual borrows from a financial institution such as a housing finance company to buy a new or a resale home, construct a home or renovate or extend an existing one

What is the house loan? Sequrty

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