Author: Vandana Punj

A home loan is a high-value and long-term credit. Even a slight increase in its rate of interest can notably increase the total cost of the loan. One of the best ways to save big on your home loan is to look for the lowest possible interest rate offer. It can help you save considerably…

Yes, it is possible to get tax benefit on the second home loan in the same financial year. The tax benefit on two home loans taken for the purchase of two self-occupied properties can be claimed under Section 24(b) and Section 80C of the Income Tax Act, 1961. Currently, an individual can claim tax benefits…

Benefits for Women Home Loan Borrowers in India

India’s real estate sector has been sagging for the past 2 quarters of FY 19-20 due to reasons like tight liquidity condition, default by builders and unaffordability affecting both builders and aspiring home buyers. To help the housing sector to overcome such depressing situations and to increase the affordability of property buyers, lately, the Central…

Want to close your home loan early? Here 6 Smart ways To Close Your Home Loan Faster and Early.

A reduction in the repo rate is a good news for home loan borrowers because of the fact that the rate cut has a direct impact on the home loan interest rate and home loan EMI (Equated Monthly Instalment). The existing and the potential home loan borrowers got this good news on June 6, 2019,…

Pradhan Mantri Awas Yojna (PMAY) – Credit Linked Subsidy Scheme (CLSS) is a government scheme launched with an aim to make buying home easier for: Economically Weaker Section (EWS) Low Income Group (LIG) Middle-Income Group 1 (MIG-I) Middle-Income Group 2 (MIG-II) The scheme offers subsidized home loan interest rates based on your household income. The…

Yes, availing tax benefits in the same financial year can help you save on your taxes considerably. However, this is possible only if the rent agreement is in your name and you service home loan for another property. Both properties can be in the same or different cities.