India, May 14 -- Buying your dream home involves important financial considerations. One of factors you may need to consider while financing your home purchase can be the home loan interest rate. The interest rate directly influences your EMIs and the total cost of your housing loan.

This article helps you understand what factors impact home loan interest rates, how to calculate your EMIs effectively, and outlines the key documents required for your home loan application.

Thehome loan interest rate is essentially the percentage of the loan amount your lender charges as the cost of borrowing funds. This interest rate directly impacts your EMI payments and the total amount you will repay over the loan tenure.

In India, interest rates are...