Today millions of Indians are opting for home loans to purchase their dream properties. However, not everyone is acquainted with the process of procuring a home loan. Consequently, many a loan application gets rejected and many a buyer finds himself in a quandary after securing the loan because he is unable to pay off its EMI. It is therefore imperative for home buyers to be well versed with banks criteria for disbursing home loans, know their monetary obligations to the bank or financial institution funding their purchase to avoid a negative impact on the credit score in the future. Read on to know more about the home-loan procedure and your loan eligibility and repayment liabilities.