It depends on the lenders, as it could be monthly, half yearly or annually. It also depends on the type of Loan availed.

Personal Loan Interest Rate is 10.99 % to 23%
Home Loan Interest Rate is 6.99 % to 13%
Business Loan Interest Rate is 10.99 % to 18%
Mortgage Loan Interest Rate is 8.5 % to 14%
Car Loan Interest Rate is 8.99 % to 12%

The sanctioned amount is on the basis of your loan repayment capability and current liabilities. You can choose to go for lower amount of disbursals.

The repayment is via EMI ( Equated Monthly Installments) for the tenure of loans. For example you have availed 1 lakh of loan for 12 months @ 12%. You will be paying 12 EMI of Rs 11,000.

In case of Home loan , your home is the collateral security whereas in case of mortgage loan or business loan one has to provide Property, Land ,machinery, stocks, etc as colleteral security

A home loan must be taken for the purchase/construction of a house and the construction of the house must be completed within 5 years from the end of financial year in which loan was taken. If you are paying EMI for the housing loan, it has two components - interest payment and principal repayment. The interest portion of the EMI paid for the year can be claimed as a deduction from your total income up to a maximum of Rs 2 lakh under Section 24. From Assessment Year 2018-19 onwards, the maximum deduction for interest paid on Self Occupied house property is Rs 2 Lakh. For let out property, there is no upper limit for claiming interest. However, the overall loss one can claim under the head of House Property is restricted to Rs 2 lakh only. This Deduction can be claimed from the year in which construction of the house is completed.

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.