💨 Abstract

A home loan is a financial instrument to buy a property. Ten essential terms to know for home loan borrowers include Principal Amount, Interest Rate, Housing Loan EMI, Loan Tenure, Processing Fee, Loan-to-Value (LTV) Ratio, Prepayment/Foreclosure Charges, Amortization Schedule, Sanction Letter, and Balance Transfer.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

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