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Instead of paying rent, you may pay the home loan EMI thereby building up your equity over time. It essentially means a property or an investment that can generate income.
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Home Improvement Loans are secured loans taken against the mortgage of your property which can be used for a variety of reasons including remodeling, renovating, updating, or making repairs to your home. Apart from major work that needs to be done in a house, these loans can also be taken to help you furnish your house and pay for things like bathroom fittings, fans, furniture, etc.
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