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A home loan helps new home buyers purchase their dream home without paying the full cost upfront. It is a financial option where banks or lenders provide funds to buy a property, which buyers repay in easy monthly installments (EMIs). First-time buyers should check their loan eligibility based on income, credit score, and property value. Comparing interest rates and loan terms from different lenders is important to get the best deal. Home loans also offer tax benefits, making them a smart choice for new buyers. A home loan turns the dream of owning a home into reality for many.
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