Home loan EMI, short for Equated Monthly Installment, refers to the amount of money that an individual needs to pay regularly towards their home loan repayment. These payments are usually made every month and consist of the principal amount along with the interest charged on it. Managing home loan EMI is a crucial aspect of home financing as it determines the affordability of the property. If you are planning to buy a house and are searching for a suitable home loan, you need to understand the eligibility criteria and the application procedure involved in it. Here is a comprehensive guide…