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Home > Forum > Hyderabad > Other > What are the benefits of taking a home loan?

What are the benefits of taking a home loan?

Q: What are the benefits of taking a home loan?

benefits of taking a home loan
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There are many benefits that you can enjoy after taking home loan. A home loan will help you reduce your tax burden besides offering the pleasure of owning a house and living in it. Indians are eligible for tax benefits on principal and interest components of a loan under the Income Tax Act, 1961. The tax deduction can be claimed on interest payments subject to an upper limit of Rs 1, 50,000 for a financial year.
Suresh Khanna


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