India, March 26 -- India's home loan market has changed over the past few years. Borrowers today are evaluating more than just interest rates.

Lending structures, policy frameworks, and borrower profiles now play a bigger role in how home loans are assessed and chosen.

Across urban and semi-urban markets, certain evaluation patterns are showing up consistently among home buyers.

1. Interest rate structure, not just the rate number

Home buyers are paying closer attention to how home loan rates are structured.

This includes whether the loan is linked to an external benchmark and how often the rate can change.

Many home loans in India are now linked to external benchmarks. This makes rate changes clearer, but it also means EMIs can go ...