Before going for a lender, check the lender’s reputation. Ensure the bank’s past reputation. Most lenders offer both fixed and floating interest rate. Confirm with the home loan lender whether switching option is available and charges for the same. Inquire about the speed with which loan will be process. There are numerous customers who lose out on their property deals due to delays and complications at their lender. Check for any Hidden Costs involved with the loans. Be aware of the prepayment penalty. Banks may waive off prepayment charges if you negotiate.