In India, Roti, Kapda aur Makan are the three basic needs of life. Things are becoming costlier in India as days pass and to think of having your own house in a posh locality of your choice is like expecting snowfall in Rajasthan in the month of May. Taking a loan in India is usually considered as an unnecessary burden. In India, Bollywood movies have created a negative perception about borrowing money. Owning your house is a dream of every individual. However, as the prices of real estate are rising our incomes are not rising at the same pace. This gap between our income and desire to buy a house is filled by home loans. Home Loan is a sum of money borrowed from banks, housing finance companies and Non-banking financial institutions to purchase or construct a house. With a home loan you can: