Keep the loan amount in a separate bank account: It is easier to track expenses when the loan lump sum is kept in a different bank account. In addition, it becomes easier to track any scheme or subsidy related transactions.

Automate your EMI payments: If the income is stable, it is a good idea to automate your loan EMIs so that you are always on time.

Make sure the house is sustainable: A home loan can last for up to 30 years, and so you should be able to cut your costs wherever possible. Instead of spending a lot on the interiors, the loaned amount can be used for solar panels and rainwater irrigation systems to reduce your bills in the future.

Make sure you can increase your EMI amount every year: Paying more will help you cover the loan quicker, so increasing the payment for the loan every year is an excellent option to have.