Definition of home loan in English:

home loan

Line breaks: home loan

noun

  • A loan advanced to a person to assist in buying a house or flat.
    More 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.

More definitions of home loan

Definition of home loan in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day maelstrom
Pronunciation: ˈmālˌsträm
noun
a powerful whirlpool in the sea