A home loan is a financial arrangement that helps individuals buy a house by borrowing money from a bank or lending institution. Instead of paying the full cost of the home at once, the buyer pays it back in monthly installments over a fixed period, usually ranging from 10 to 30 years. The loan includes interest, which is the cost of borrowing the money. Home loans come in different forms, such as fixed-rate loans, where the interest rate stays the same throughout the term, and adjustable-rate loans, where the rate can change based on market conditions. Some lenders also offer government-backed loans that provide special benefits for first-time buyers. To get a home loan, the borrower typically needs to show proof of income, a good credit score, and a stable job. Home loans make it easier for people to become homeowners, allowing them to invest in property and build a secure future for themselves and their families.