A Home Loan is a financial product that allows individuals to borrow money from a bank or financial institution to purchase or construct a residential property.

To qualify for a Home Loan, you typically need to meet criteria such as having a stable income source, a good credit score, sufficient down payment, and fulfilling the lender's age and employment requirements.

Commonly required documents include proof of identity, address proof, income documents (such as salary slips or tax returns), property documents, and bank statements.

Factors influencing eligibility include income level, credit score, existing debts, age, employment history, property value, and the loan amount sought.

Home Loans offer both fixed and floating interest rates. Fixed rates remain unchanged throughout the loan tenure, while floating rates fluctuate based on market conditions.

Yes, Home Loan borrowers can avail tax benefits on both principal repayment (under Section 80C) and interest payment (under Section 24) as per the Income Tax Act, subject to certain conditions.