5 Ways Women Can Benefit from Taking Home Loans
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:
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.
Women home loans help you claim tax deductions and save a substantial amount of money everytime you file taxes.
The Pradhan Mantri Awas Yojna (PMAY) scheme makes women co-ownership mandatory with attractive interest subsidies.
Eligibility criteria for women home loans is not very stringent. They can access faster home loans with simple eligibility criteria.
Women are eligible for longer repayment tenure which in turn helps in lowering EMI and boosts financial stability.
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