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Home loan

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Joint Home Loan A Wise Decision

Since buying a house is one of the most crucial financial responsibilities, a Joint Home Loan is a wise decision for a double income couple or for a parent and child. There are various types of home loans and different financial institutions competing to offer you Home loan at  attractive rates. The interest on home loans in […]

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Tax Benefits On Home Improvement Loans

The tax deduction is available not only for the purchase or construction of a house, but also for loans taken for the purpose of repairs and renovation of the house. Such loans are typically called “home improvement loans”. The interest paid on the home improvement loan is tax deductible up to Rs 30,000 per annum. […]

Does Prepaying Your Home Loan Make Sense?

You can expect home loan rates to move up by at least one per cent in the coming months. It is always advisable to pre-pay your Home Loan, if you have extra cash available with you. According to source, the home loan rate is evaluated using reducing balance method and the interest rate is always […]

Tax Incentives on Home Loan

Tax incentives on home loan encourage people to invest in a house or property. Acquiring a home loan for buying or building a house makes you eligible for tax rebates under Income Tax Act. The interest towards home loan taken for construction, repairs, renewal or reconstruction of existing house property is also eligible for deduction. […]

Choose Right Repayment Plans for Home Loan

Choosing right home loan is not just negotiating for lower interest rate, negotiating on processing fee or pre-payment fee. Every borrower should go beyond this basic check list and find out if any of the different flexible repayment options would suit his needs. Remember, even a single default could deface your credit report and disqualify […]

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