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As a home loan guarantor, you need to ask yourself a few questions before you commit to undersigning the loan document.
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.
The tax benefits on Top-up loan include a deduction of up to Rs. 1.5 lakhs on the principal repayment under section 80C. However, if the property is sold within 5 years, the tax benefit will be overturned. The second benefit is a deduction up to Rs 2 lakhs on the interest paid under section 24 of the Income Tax Act in a financial year
What is Khata? What is A Khata? What is B Khata?, Difference between A Khata & B Khata. Features and benefits of Khata, How to apply for a Khata?
Looking for home loan with low credit score? Here is what you need to know for availing home loan with low credit score.