A housing loan is a financial solution designed to help individuals purchase or construct their dream homes. Offered by banks and financial institutions, these loans typically cover a significant portion of the property's cost, making homeownership more accessible.
The eligibility for a housing loan depends on factors like age, income, employment type, credit score, and existing financial obligations. Applicants with a stable income and a good credit history are more likely to secure favorable terms and competitive interest rates.
Housing loans usually offer flexible repayment tenures,