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House loan, also known as a home loan or mortgage, is a financial service provided by banks or housing finance companies to help individuals purchase, construct, or renovate residential property. The borrower receives a lump sum amount, which is repaid over time through monthly installments (EMIs) that include both principal and interest. The property typically serves as collateral until the loan is fully repaid. House loans are offered with fixed or floating interest rates and may require a down payment. They make homeownership more accessible and are subject to eligibility criteria, including income, credit score, employment status, and property valuation.