Top 8 Benefits of Home Loan You Must Know

A dream home is easy to finance with a Home Loan, and you don't have to pull much out of the savings.

Why Take a Home Loan?

Benefits of Taking Out a Home Loan

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You’ll save up to INR 3.5 Lakh on yearly tax payments by Taking Home Loans. These tax deductions are available under Section 80C and 24(b) of the Income Tax Act, 1961.



Tax Deductions

The tax benefit is not limited to your first Home Loan only. You can also avail tax deduction under Section 24(b) of the Income Tax Act, up to INR 2 Lakh on your second Home Loan.



Save Tax on Second Home Loan

Individual borrowers may prepay part or complete the loan balance (on a floating interest rate) at no extra cost.



Zero Prepayment Charge

Get the benefit of transferring a Home Loan to a new lender offering lower interest rates.



Balance Transfer Option

Taking Home Loans means you get flexible tenure options of up to 30 years.



Longer Tenure

When taking a Home Loan, you get up to 90% of your property value as a loan and the rest you have to pay on your own.



Easy to Purchase a House

Taking Home Loan for a ready-to-move-in house saves money on the rent.



No Rent Payment

Your purchased property price increases as per the market, and it is the best investment for a lifetime.


Growth in the Property Price

Apply for a Home Loan Now