Home Loan

Home loan can be used to buy a new property like plot purchase+ construction, flats, bungalow, and row houses.

Tax Benefits in Home Loan

The home loan borrower enjoys Tax Benefits on both Interest paid & the Principal re-paid. Under Section 24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 1,50,000.

Under Section 80(c) of Income Tax, Principal amount for the repayment of loan along with other savings & investments is eligible for tax deduction up to a maximum limit of s. 1, 00,000.

Documents Required

• Colour Photo
• PAN Card Copy
• Last 6 months bank A/C statement
• Passport size photograph of the applicant & co-applicant
• Age proof of co-applicant
• Residence Address Proof
• Property documents