New Delhi, March 3 -- It is important to note that, applying for a home loan is a big milestone towards the realisation of the dream of the homeowner. However, the home loan application can be rejected due to one or two reasons, and the applicants would get confused, having no idea what they are expected to do next.

It is crucial to note and follow that as of March 2025, home loan interest rates in India continue to remain competitive, with several lenders offering attractive options. For instance, some public sector banks are offering rates as low as 8.1% to 8.15% per annum, while major private banks like HDFC and ICICI start at 8.75% per annum.Several reasons due to which home loans are rejected are: low credit scores, high debt-to-inc...