If you’re planning to buy a house and need a home loan, there are a few things you must know. Banks check your credit score (above 750 is good), your income, how much down payment you can manage, and your property documents.

You’ll find different types of loans, like fixed-rate and floating-rate interest. Some loans are for building a home, some for buying, and others for renovation.

Before applying, always compare the interest rates, check if there are extra fees, and understand the rules for prepayment. Your monthly EMI should be manageable and not take up more than 40% of your monthly income.

You can also use free online EMI calculators to plan better. And don’t forget to ask about home loan insurance—it protects your loan in case something happens to you.

Buying a house is a big dream. With a smartly planned home loan, that dream becomes easier to achieve.