A home loan is typically sanctioned based on your income, existing liabilities and the property's assessed value, with lenders usually financing a portion of the property cost while the balance — the down payment — comes from your own funds.
Before applying, it helps to get a rough pre-approval so you know your realistic budget before shortlisting properties. Compare interest rate types (fixed versus floating), processing fees and prepayment terms across a few lenders rather than accepting the first offer.
Keep your income documents, identity proof and property papers organised in advance — loan processing moves faster when documentation is ready upfront rather than assembled reactively.
