Buying a residential apartment and transforming it into the home of your dreams is an aspiration that is cherished by most of us. In most major cities like Mumbai and Delhi, though, this ambition cannot be fulfilled without the help of funding from banks, NBFCs, or housing finance corporations. Fortunately, most leading organisations offer home loans at low-interest rates (compared to other loans). A home loan, however, is a long-term financial commitment and can impact your finances for years to come. This makes it essential to understand the loan terms clearly before applying.