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While some people are satisfied with purchasing a single piece of property or home in their lives, others may have the ambition to buy multiple homes. This might be for investment or family purposes. To avail multiple home loans in India requires adequate earnings as a home loan is a huge amount, and approval of multiple loans depends on the probability of the person paying them back. The number of times you can take a home loan in your lifetime is limited to five. However, if you close an existing home loan, the chances of you getting another one increases. While applying for multiple loans, you should also remember that your income while applying for a second loan should be higher than the total EMI of both accumulated loans.
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