Definition of home loan in English:

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home loan

noun

A loan advanced to a person to assist in buying a house or flat.
Example sentences
  • If you have a home loan, refinance your mortgage to lower your payments.
  • For example, some lenders allow consumers to obtain home loans or refinance mortgages on the basis of assets rather than credit rating.
  • Whenever you're free to move your home loan without paying excessive penalties, shop around for a better rate.

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