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Types of home loans: #5 Home-improvement loans

Types of home loans: #5 Home-improvement loans

Saturday, September 16, 2017, 4:17 PM

Home-improvement loans are taken by individuals who own a house, but lack funds to renovate it. Renovation includes - repairs to existing house, painting of the walls, digging a bore well, water-proofing, electrical wiring etc. The tenure of Home Improvement Loan ranges from 1 to 10 years.
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