Home Loans

Why take a home loan?

You get to own your home and pay for it in easy and affordable installments.
Banks and Financial Institutions are offering loans at cost - effective rates.
Tax concessions make home loans more attractive than other loan products.
You can get tax deduction on repayment of the principal amount of a loan taken to buy or construct a house.
The interest paid on a loan is deductible from "income from house property", even if it has not been paid during the year.
Interest paid on a new loan taken to repay the original housing loan is also allowed as deduction.