# sum of money borrowed

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Most banks like Metrobank usually offer a home loan, which refers to the sum of money borrowed from a financial institution with the principal amount and interest rates paid over a set period, on the assumption that the borrower meets the eligibility criteria.

A home loan refers to a sum of money borrowed from a financial institution or a bank, usually for the purpose of buying a lot, a house and lot or a condominium unit.

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