A home loan is a secured loan offered for buying, constructing, renovating, or extending a residential property, with the property generally serving as collateral.

Eligibility usually depends on your income, age, repayment capacity, employment type, credit history, existing liabilities, and in some cases your spouse’s income if they are a co-applicant.

Most lenders prefer a good credit score, and a score around 700 or above is generally considered favorable for better approval chances and pricing, although the exact cutoff varies by lender.

Commonly required documents include identity proof, address proof, income proof such as salary slips or ITRs, bank statements, and property-related papers.