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5 things to consider before prepaying your home loan

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A house is synonym of security. We all wish to have a roof over our head  which we can call as our own.Many people avail a home loan to buy their dream house. A home loan is borrowed from banks or other money lending companies at a certain rate of interest, which is repaid via EMI each month. Home loans are generally secured, and requires a collateral. A home loan is one of the biggest loans you can take in your lifetime. Many people who have availed a home loan try to prepay it to reduce the burden. If you are trying to prepay your home loan, then there are certain things which you need to consider.  Watch this video to know them. 

 

 

 

 

 

 
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