Home loans: what buyers should check before applying

Start with your budget, not the bank. A common rule is to keep all EMIs under about 40% of your monthly income, so you still have room for savings and emergencies.

Compare the full cost across lenders: interest rate, processing fee, whether the rate is fixed or floating, and any charge for paying the loan off early. A slightly lower rate can cost more once fees are added.

Keep your paperwork ready: identity and address proof, income proof, bank statements and the property papers. Checking your credit score first helps you avoid surprises.

Use the EMI calculator on CG Bhoomi to try different loan amounts and tenures. A longer tenure lowers the EMI but raises the total interest you pay.