scorecardresearchGetting a loan is easy but you must follow these 7 steps to be a responsible borrower and repay loans effectively

Getting a loan is easy but you must follow these 7 steps to be a responsible borrower and repay loans effectively

Updated: 05 Sep 2022, 09:59 AM IST
TL;DR.
  • Considering that getting a loan has become extremely easy, it is imperative for individuals to be responsible in their borrowing behaviour and ensure that the financing used to buy an asset does not become a long-term burden.
A home loan is a loan used to fund the purchase for a new home whereas a loan against property is an amount borrowed by using an existing property as security.

A home loan is a loan used to fund the purchase for a new home whereas a loan against property is an amount borrowed by using an existing property as security.