home loan repayment

Prepayment penalty, a nightmare suffered often by individual borrowers of home loans, is set to end. Prepayment of a loan means payment of all debts before the due date. Prepayment penalty is an amount charged by banks if a borrower wants to prepay their loan. Prepayment penalty in some banks can range between one and […]

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. […]