loan contract indian-rupeescholarship houseauto-insurance business-manwoman-avatar

Home Loan

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
Quick Enquiry