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Difference Between Home Loan and Land Loan

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Sourav Singh
Difference Between Home Loan and Land Loan

Banks and other lenders charge equal interest rates on both home loans and property loans. However, the home loan interest rates are a few percentage points lower than the land loan interest rates. Plot loans are generally riskier and thus priced higher than home loans, where banks have a promise that, if necessary, they can sell and recover losses quickly.

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Sourav Singh
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