A home loan is a financial product offered by banks and financial institutions to help individuals purchase their dream home or property. With a home loan, you can secure funds to buy a new house, apartment, or even land, with the option to repay the loan amount over a long tenure. The loan is typically secured against the property itself, meaning if you default on payments, the lender has the right to claim the property. Home loans offer affordable interest rates, making them an ideal option for individuals looking to buy property without exhausting their savings.
Whether you're a first-time buyer or looking to upgrade to a larger home, a home loan can make it easy to turn your homeownership dreams into reality.