Depending on the financing  rate,  a home credit  is of three types, fixed-rate, floating rate and hybrid.

The fixed interest rate remains the same throughout the loan tenure, resulting in a fixed home loan EMI

Known as the variable rate of interest, relative to current market lending rates; And thus, they can change the tenure of the loan

Hybrid rate home loans are similar to fixed-rate and floating-rate home loans

It should be noted that low-interest rates usually come with strict eligibility conditions

Your credit score is a numerical representation of your credit history

While assessing your home loan eligibility, lenders also consider your income, employment pattern and your employer profile.

The loan amount you want to borrow can also affect the rate at which you get the housing loan.

Home loan interest rates also differ according to the type of home loan

Some lenders offer women borrowers a home loan interest rate discount of typically 0.05%.