New Delhi, April 4 -- Many Indians dream of buying a new home, but getting a home loan to fulfil your dream is considered a significant financial commitment. That is why securing a home loan requires careful planning.

With fluctuating interest rates due to worrying global inflation and volatile oil prices, it becomes even more important to select a reputable lender after careful review. Keeping yourself updated on home loan interest rates, provisions, best lenders and easy repayment terms can help you make the right decision. Here, we discuss in detail five essential facts you should know and consider before applying for a home loan in India.

To put it simply, home loan interest rates in India generally range between 8.35 per cent and 1...