Home Loan Tips: If you are planning to take a home loan then keep these things in mind...


Buying a house is everyone's dream. However, a large amount is also needed to make this dream come true. At present, if you do not have money to buy a house, then there is no problem because nowadays home loans are easily available to buy a house. In such a situation, the need to buy a house can be fulfilled through a home loan (benefits in a home loan). On the other hand, if you are going to take a home loan for the first time, then you are also going to get these five big benefits.


Tax exemption
The benefit of tax exemption is also available through home loans. Under section 24 (b) of the Income Tax Act, a rebate of up to Rs 2 lakh on interest is available every financial year and a rebate of up to Rs 1.5 lakh on principal amount repayment is available under section 80C.

Benefit of co-applicant
If there is a co-applicant in buying a house, then it also has many benefits. EMI is divided, equal benefit of tax exemption is available. Home loans are easily available. Ownership of the house is divided.

Benefits to women as co-applicants
If the co-applicant is a woman, many banks offer lower interest rates on home loans. This has a great impact on the interest to be paid on the loan and the interest is reduced.

Home loan top-up
Home loan top-up can be used for emergency funds. This fund can be used to meet medical emergencies as well as other important tasks. It can also be used for studies.


Pre-payment is also an advantage in home loans. If you have taken a home loan and want to pay it off as soon as possible, you can also make a pre-payment. Interest is reduced on pre-payment.

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