Home loan is just another category of loan provided by banks or non-banking financial corporations or other financial institutions. A loan is when you borrow a certain amount of money at a pre-decided rate of interest and tenure. Home loan is one of the most popular and most commonly used categories of loans. Financial institutions keep the property bought by an individual as collateral and offer him/her a loan against the property. A home loan usually has longer tenure such as 20 years, 25 years. The rate of interest on a home loan generally depends on the key benchmark rates, which are set by the central bank, Reserve Bank of India (RBI). Although there is an option to choose a fixed rate of interest, the floating rate of interest usually ranges from 7-12%, depending on the rate cycle set by the RBI. Get the latest home loans news, videos, headlines, opinions, special reports and more here.