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Home Loan: Definition, Categories, Requirements, and Feature

For the majority of individuals, owning a home is one of the largest ambitions they will ever realise, and it is also an expensive one. Giving such a dream life demands a lot of work on the part of the buyer, and the only way to fit the home into their budget is by taking out a home loan. A home loan can be used to purchase a new home or apartment, the land on which to build it, or even for home renovations, additions, and repairs.