Published Paper Details:

Every person, regardless of their circumstances, needs a safe and comfortable place to call home. It functions well as a location for families to call home. Many individuals choose to put their money towards the purchase of a home because it is both an essential component of daily life and an asset for the future. However, in today's market, it is quite challenging for a family to be of middle class to buy a property since the prices are so high. As a result, the Government has made the House Loan facility available to every person at a cheaper rate of interest in order to make life easier for the people. In its most basic form, a housing loan allows a person to finance the purchase of a house via the payment of a certain number of monthly payments at a predetermined interest rate. An individual may get a loan from a financial institution, subject to the terms and conditions of the financial institution, such as eligibility requirements and income requirements. In today's modern world, a variety of financial institutions provide customers the opportunity to take out loans at varying interest rates. The interest rate is the most important aspect of the loan. The happiness of customers and the processes involved in obtaining a house loan in both the public and private banking sectors is the primary focus of this comparative research.