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
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.
#1
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.
#2
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.
#3
Zero Prepayment Charge
Get the benefit of transferring a Home Loan to a new lender offering lower interest rates.
#4
Balance Transfer Option
Taking Home Loans means you get flexible tenure options of up to 30 years.
#5
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.
#6
Easy to Purchase a House
Taking Home Loan for a ready-to-move-in house saves money on the rent.
#7
No Rent Payment
Your purchased property price increases as per the market, and it is the best investment for a lifetime.