Truth Vs Myth: Securing A Home Loan In India Prepayment Doesn't Always Attract Penalties, Find Lenders Who Provide More Flexible Options Fixed Interest Rate Is Not Always Better, Floating Rates Allow More Flexibility Apart From Higher Salary, Factors Like Credit History, Income Stability, Etc Also Impact Your Application RBI Sets Base Rate, But Lenders Pick Theirs Based On Multiple Factors Shorter The Loan Tenure, Higher The EMIs And Financial Strain Financial Marketplaces Do Soft Enquiries About Multiple Loan Options Without Affecting Credit Score A Lower Interest Rate Might Have Hidden Charges Like Processing Fees, Maintenance Cost, Etc