Union Budget 2019: Home loan tax benefit has increased from Rs. 2 lakh to Rs. 3.5 lakh. Homebuyers can avail the benefit till March 2020.
The State Bank of India (SBI) announced to link its home loan products to repo rate. From July 1, customers will have the option to avail repo rate-linked home loans. The bank will continue to offer MCLR-linked home loans along with the repo rate-linked home loan products. The new product will be slightly different from…
Home loans may become cheaper as RBI slashes repo rate by 25 bps. The repo rate has reduced from 6.00% to 5.75%.
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.
28 March 2019 – On Thursday, ICICI Bank launched two instant home loan products – Instant Home Loan and Insta Top Up Loan.
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…
SBI Slashes Home Loan Rates by 5 Basis Points and SBI Reduced Home Loan Balance Transfer Processing Fee to Zero.
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?
When in financial need people look for loans, but because of lack of knowledge they don’t know which loan type they should go for? Which one is best for them? Home loan Top up or personal loan? Financial emergency or monetary urgency are some of the unavoidable situations that generally trap most of us because…