HOME LOAN & TAX BENEFITS

Make a new start with your loved ones with the perfect home loan. Expert assistance for property search across the country, valuable insights on developer projects, legal and technical counseling on property related documentation or assistance on a host of home loan products and service offerings, you can count on us to make your dream home happen.

With an attractive rate of interest, speedy approvals, customized loans and simple procedures we ensure you move into your dream home with complete peace of mind.

Home Loan comes with multiple Tax Benefits. This will help in managing your cash flow and reduce your Tax outgo.

Deductions you can claim on home Loan:-

Deduction on interest

Interest component on EMI can be claimed as deduction on Home Loan. Deduction can be claimed in starting year in which construction of house is completed.

Example: – if construction is completed in August 30, 2015 You can claim deduction for interest for the entire 12 month in financial year 2015-16. So every year 2lakh amount can be claimed for house loan.

Deduction on principal repayment

Under Section 80C of the Income Tax Act a maximum of Rs 1.5 lakh can be claimed as deduction on your EMI.

Deduction on stamp duty and registration charges

Payment made towards stamp duty and registration charges are also allowed to be claimed under Section 80C, in the year in which these were paid.

Deduction on pre-construction interest

Deduction can be claimed on pre-construction interest from the same year in which the construction is completed. It can be claim it in five equal installments.

Deduction under Section 80EE

This section has been inserted to provide tax benefit to first time home owners where value of the house is Rs 40 lakh or less and the amount of loan taken is Rs. 25 lakh or less. To be able to claim this deduction, the loan should have been sanctioned between April 1, 2013 to March 31, 2014.

We have tie-up with some of the banks such as:-