The borrower receives a sum of money from the lender, which is frequently a corporate, financial organization, or government. In exchange, the borrower agrees to a set of terms, which may include finance charges, interest, a repayment schedule, and other stipulations. A house loan is a secured loan obtained from a bank for the purpose of purchasing a residential property. A home loan can be used to purchase a ready-to-move-in house or apartment, as well as one that is still being built. Home loans are available from both banks and non-banking financial institutions. These have different interest rates that are frequently tied to your credit score. Home loans are normally for up to 30 years and must be paid back in Equated Monthly Installments. Under Sections 80C and 24, respectively, of the Income Tax Act, you can deduct both the principal and interest components of your house loan. We have a well-trained and well-experienced team. For more details please contact us 9950995919
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