0% Commision (All over Tamilnadu) for Personal, Business, Housing & Mortgage Loan
Apply- Home Loan
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0% Commision (All Over Tamilnadu)
Why Home Loan?
Overview
A home loan is a financial product that enables individuals and families to purchase residential property by borrowing from banks or financial institutions. The borrower repays the loan amount along with interest over a specified period, typically ranging from 10 to 30 years. Home loans are designed to make homeownership affordable by spreading the cost across a longer timeframe.
Refinance at Lower Interest Rates
Monitor market interest rates regularly and consider balance transferring if banks offer significantly lower rates. A 0.5-1% reduction in interest rate can save you lakhs of rupees over the loan tenure. Many banks offer minimal processing fees for balance transfers.
Leverage Tax Benefits
Maximize tax deductions available under the Income Tax Act:
- Claim deduction up to Rs. 1.5 lakh per financial year on principal repayment (Section 80C)
- Claim deduction on interest paid (Section 24(b)) - up to Rs. 2 lakh for self-occupied property, full amount for let-out property