A home loan is a secured loan that is obtained to purchase a property by offering it as collateral. Home loans offer high-value funding at economical interest rates and for long tenures. They are repaid through EMIs. After repayment, the property's title is transferred back to the borrower. A home loan is a type of loan provided by banks, financial institutions, and Non-Banking Financial Companies(NBFCs) to help individuals purchase a residential property. In India, home loans have become increasingly popular in recent years, given the significant rise in property prices and the increasing demand for affordable house.