Women are becoming financially independent and this has led to the introduction of many beneficial aspects of home loans. Here are five reasons why women should consider home loans:
#1
Lower Interest Rates
Women can take advantage of lower interest rates on home loans. It helps in lowering the EMI and makes home loans for women hassle-free.
#2
Tax Deductions
Women home loans help you claim tax deductions and save a substantial amount of money everytime you file taxes.
#3
Avail Schemes
The Pradhan Mantri Awas Yojna (PMAY) scheme makes women co-ownership mandatory with attractive interest subsidies.
#4
Easy Eligibility
Eligibility criteria for women home loans is not very stringent. They can access faster home loans with simple eligibility criteria.
#5
Longer Tenure
Women are eligible for longer repayment tenure which in turn helps in lowering EMI and boosts financial stability.