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Renegotiate home loan terms after borrower's death, say analysts

If heir provides guarantees, lender may ease repayment schedule

Topics
Home Loan | lending | Personal Finance

Sarbajeet K Sen 



Your loan rate could also depend on the home loan product you choose

Since a is a long-term liability that can last from 15 to 30 years, the possibility of the borrower dying during the tenure of the loan cannot be ruled out. This has serious implications for the co-borrower and legal heirs.

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First Published: Sat, March 26 2022. 06:03 IST

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