Buying a house is easily be one of the most important financial decisions you’d be taking over the entire course of your life. It’s something that requires a lot of careful thought and consideration. In India, you can take a home loan from any of the large number of banks or Nonbanking Financial Companies (NBFCs). In case you’ve been contemplating taking a home loan, but didn’t know where to start, you’re in just the right place! It is also obvious that whenever you seriously set out to take a home loan, you’d come across all kinds of questions that will need answering. These questions might be related to the eligibility criteria of the home loans, the quantum of the loan, the applicable interest rate, the repayment process etc. We have done all the hard work and have created a comprehensive list of frequently asked questions related to home loans, and have provided their answers below. We sincerely hope that these FAQs help you get the much-needed clarity on this very important loan type.