Category: Home Loan

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...

To own a house is a dream that can be fulfilled through different ways. One of them can be by availing a home loan, which is a long-term commitment with repayment period extending up to 25 to 30 years. Considering the uncertainty of life, it is quite natural to get anxious about home loan liability...

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,...

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.

As the general elections are going to be held in April and May 2019, the Government has started initiating on providing affordable housing to the MIG (Medium Income Group) segment of the society. Recently, Government also announced to cut down the GST rates in the real estate sector to boost the housing demand. This GST...

Looking for home loan with low credit score? Here is what you need to know for availing home loan with low credit score.

Home Loan vs Loan against Property – what is the difference between mortgage loan & home loan? How Loan against property or mortgage loan differ from home loan?