Home Loan India
Joint home loan: Benefits and risks
What is a Joint Loan ? A joint loan is when money is borrowed from the bank by two or more borrowers. An advantage of joint loans is that more than one income holders are liable to pay EMIs and can get approval for a higher loan amount. Additional borrowers also bring in better credit and collaterals to […]
Guidelines to claim tax benefits for home loan
Most people are confused and follow a misconception that people who have taken home loans cannot claim tax benefits. This is a false belief which most of them follow. The tax benefits for a home loan falls under the Section 80C and the Section 24(b). The Income Tax Act which was declared in 1961 provides […]
