Home Loan (Mortgage)

A home loan—also known as a mortgage—is a secured loan obtained for purchasing, building, or renovating a property, with the property serving as collateral AirtelMoneyview. Because the lender has collateral, interest rates are relatively lower, typically ranging from 6.5% to 9% or thereabouts in many markets.The repayment tenure is significantly longer, often up to 30 years, which helps keep monthly EMIs lower . Home loans typically offer larger loan amounts—often based on a percentage of the property’s value (for example, 80–90%) and can go up to several crores depending on the property and borrower profile