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Things to consider before switching home loan

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Since home loan is a long term loan, its interest rate plays a very important role. Due to this reason, many borrowers switch home loans in the middle of their tenure and opt for more cost-effective lenders. Through this, they get hold of better interest rates on their existing loan. Switching home loan means an existing loan from a bank is taken over by another bank by paying off the old lender. After switching the home loan, the borrower will start paying EMIs to the new lender. in this video, the speaker addresses every detail about switching home loan and the things to consider before doing it. Watch the video, to know more. 






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