Keep in mind, the rate of interest might vary according to loan amount, duration and the value of the collateral that it put up. You can get secured loans against your home. Secured loans are not offered for buying a home as the home is what is used for the actual collateral.
It goes without saying but always should be said, do not borrow an amount that would be difficult to pay off. If it happens that the person is unable to pay the loan back, they will lose their collateral that was put up as the security.
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