New Delhi, May 30 -- That low EMI number in a home loan offer can be misleading. While it appears affordable at first, the real cost of borrowing often includes several additional charges that can significantly increase your total repayment over time. This is why understanding hidden charges in a home loan is critical before making a long-term financial commitment.

Atul Monga, CEO & CO-Founder, BASIC Home Loan, explains this further, stating that, "A home loan involves several costs beyond the EMI, which borrowers should carefully evaluate before signing the agreement. These typically include processing fees, legal and technical valuation charges, documentation expenses, stamp duty, and other statutory or administrative costs, which may ...