They say your home is where your story begins. we pride ourselves in helping you begin this story as conveniently as can be. We partner you to share the load of achieving your dream of owning a house, whilst you can focus on laying the foundations that make that house your home. We provide tailor-made home loan solutions to support your dream of owning a home. Your home buying experience is a matter of great importance to us.
Buying your own home requires long-term planning and a bundle of correct decisions. We will help you in every step of the way – selecting the right property, checking approvals of the selected project, registration of the property, filing of documents, calculating the perfect home loan EMI and tenure of your loan to help you plan forward. We guarantee a quick process in your loan application so that your dreams do not have to wait any longer. Your needs and feedback are the pillars which support our philosophy of making all our customers a priority.
The income tax authorities offer certain benefits and exemptions to individuals who have taken a housing loan from specified financial institutions.
Section 24 of the Income Tax Act
Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction. Rs 2,00,000 is the maximum amount eligible for deduction in the case of self-occupied property and for rented out property there is no limit of amount of deduction.
Section 80C of the Income Tax Act
You can get a maximum Rs.1,50,000 deduction from the Income, on repayment of principal during a financial year. Stamp duty, registration fee or other such expenses paid for the purpose of transfer of such house property to the assessee is also considered under this amount.