Purchasing a home is a huge financial commitment, more so for the salaried people. It is practically not possible to pay the whole amount and purchase a house. Your alternative option will be to go for home loans. There are many banks and financial institutions that offer home loans. However, there are a few points that you should keep in mind while applying for a home loan. Home loan interest rates differ from bank to bank. Some offer fixed interest rate and some floating interest rates. Check all the details thoroughly before approaching for loan Banks and financial institutes will offer loan based on your property value and your annual salary. So, make sure you have all the financial documents before you apply for loan Check to see if you have any tax benefits in availing the loan Some banks have an option of early closure of loan after a particular period of time. Check out these pre-closure details before you apply for loan.