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With secured home loan, you have a better chance of borrowing a home loan and securing the amount against your collateral. Since this is a form of security for the lender, you as the borrower benefit too by having lower interest rates to deal with. This is quite similar to a homeowner loan wherein your collateral is your home. You can enjoy low home loan rate and a flexible loan term with your house laid as security. Your repayment term varies from 5 to 25 years which gives you enough time to conveniently pay off your debts.

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