June 10, 2026
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Home loan affordability hinges on credit score, down payment, tenure, and fees, not interest rate alone.
Home loan affordability in 2026 depends on the interest rate as well as income, credit score, existing obligations, down payment, property value, and tenure choice. Lower rates reduce EMI and total interest, while higher rates may require longer repayment periods to keep monthly outgo manageable. Borrowers are advised to compare processing fees, foreclosure terms, and top-up or balance transfer options, and to check eligibility criteria such as residency, age, credit score, occupation, and required documents before applying.