A home loan is a form of financing obtained for the purpose of buying or building a house from any financial organization, including banks and housing finance companies (HFCs), which are collectively referred to as "lenders." Since this loan must be paid back over a period of typically 10 to 25 years through equal monthly instalments (EMI), the lender grants it based on an evaluation of the borrower's ability to repay the loan as well as certain technical and financial characteristics of the property being purchased through the help of Top Home Loan Providers In India.