One of the prerequisite of buying a new property is a home loan. The process of acquiring a home loan can be confusing & tedious. To help the customers with this URBAINIA SPACES Pvt.Ltd has created a comprehensive guide that offers information on home loans. Browse through this document to gain insight and take a right decision.

Availing a home loan comes with multiple benefits. Home loans let you achieve your goal of buying a new home and make you eligible for tax benefits. These tax benefits can contribute towards your EMI flow and savings. Take a look at the following points and calculate your tax benefits based on your loan amount.

The home loan borrower enjoys tax benefits on both interest paid & the principal repaid under sec 24 of Income Tax Act, the deduction of interest payable on the home loan is up to a maximum of Rs 2,00,000

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 Rs 1,50,000