Key tips for securing a home loan explained

Securing a home loan is crucial for homebuyers. Understanding interest rates and eligibility criteria helps in making informed decisions. Home loans can have fixed or floating interest rates, affecting monthly payments. Bajaj Housing Finance offers a dual-rate option, starting with a fixed rate for three years before switching to a floating rate. This can benefit borrowers if market rates decline. Eligibility for home loans includes age, credit score, employment type, and property valuation. Maintaining a high credit score and considering joint loans can improve approval chances. Comparing lenders and assessing costs is recommended.