By Afiur
February 24, 2026
A higher credit score can help you get a lower interest rate.
Compare rates across banks and housing finance companies.
A longer tenure reduces EMI but increases total interest. A shorter tenure saves interest but raises monthly outgo.
Check processing fees, legal charges, insurance and prepayment terms.
Lenders calculate eligibility based on income, age and existing loans.
Home purchase, construction, plot plus construction, and home improvement loans have different rules and limits. (Image: Canva)
Banks usually fund up to 75–90% of the property value. You must arrange the remaining amount as a down payment.(Image: Canva)
Carefully check clauses on penalties, prepayment, reset clause (for floating rate loans) and foreclosure rules.
Make sure the property has all the approvals.
Missing your EMI affects your credit score and leads to penalties.