Lenders typically consider your net monthly income, existing EMIs, age, employment stability, credit score and the value of the property. Most lenders cap total EMIs at a percentage of your income, often called the Fixed Obligation to Income Ratio (FOIR).

Many lenders offer tenures of up to 30 years, subject to your age at loan maturity and their internal policies. A longer tenure lowers the EMI but increases the total interest paid.

Regulatory loan-to-value (LTV) limits mean lenders usually finance a portion of the property value, and you contribute the balance. Depending on the loan size, your own contribution is commonly 10% to 25% of the property value, plus registration and stamp duty costs.

A fixed rate stays the same for a defined period, giving predictable EMIs. A floating rate is linked to an external benchmark and can rise or fall over the loan tenure. We help you understand which structure suits your risk comfort.

Yes. A healthy credit score and clean repayment history can improve your chances of approval and may help you access better terms. Paying existing EMIs and credit card dues on time is the best way to maintain it.

Adding an earning co-applicant, such as a spouse or parent, allows lenders to consider combined income, which can increase eligibility. Co-applicants may also be able to claim eligible tax benefits as per applicable laws.

For individual borrowers on floating-rate home loans, lenders generally do not levy prepayment or foreclosure charges as per regulatory guidelines. Fixed-rate loans and non-individual borrowers may have charges, so always check your loan agreement.

A balance transfer may make sense when another lender offers a meaningfully lower rate and a significant tenure remains. Factor in processing fees, legal and valuation charges to ensure the net savings are worthwhile.