Home loan has made it easy for common people to buy a house. Especially in big cities, people easily buy flats by taking a home loan. However, even in small cities, the flat culture is increasing rapidly. Home loans are easily available for job professionals. But many times, customers are not able to pay the EMI of their home loan on time, especially in the case of job loss or medical emergencies. Do you know what happens when you do not pay the EMI of your home loan? How many EMIs does the bank wait for and what action does it take? In fact, home loans are categorized as secured loans, so in exchange, the customer has to keep some property as collateral with the bank.
Continuous Non-Payment of Third Installment:
If a customer does not pay the first installment of a home loan, then the bank
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