Best Home Loan Plans for Every Budget.
Best Home Loan Plans for Every Budget.
A home loan helps you turn your dream of owning a house into reality with flexible repayment options and competitive interest rates. It offers financial support without putting pressure on your savings making homeownership more accessible and stress-free. With customizable tenure options to suit different financial needs it ensures long-term stability and convenience. Whether you’re buying your first home or upgrading, a home loan makes the journey smoother and more affordable.
A home loan helps you turn your dream of owning a house into reality with flexible repayment options and competitive interest rates. It offers financial support without putting pressure on your savings making homeownership more accessible and stress-free. With customizable tenure options to suit different financial needs it ensures long-term stability and convenience. Whether you’re buying your first home or upgrading, a home loan makes the journey smoother and more affordable.
A home loan helps you turn your dream of owning a house into reality with flexible repayment options and competitive interest rates. It offers financial support without putting pressure on your savings making homeownership more accessible and stress-free. With customizable tenure options to suit different financial needs it ensures long-term stability and convenience. Whether you’re buying your first home or upgrading, a home loan makes the journey smoother and more affordable.
A home loan helps you turn your dream of owning a house into reality with flexible repayment options and competitive interest rates. It offers financial support without putting pressure on your
Shivantti Finserv
Shivantti Finserv
Shivantti Finserv
Shivantti Finserv
Benefits of Home Loan
Benefits of
Home Loan
Tax Benefits
Get tax benefits on both principal and interest payments helping you reduce your overall financial burden.
Financial Flexibility
Plan your budget with ease through affordable EMIs and repayment options designed to suit your income.
Flexible Tenure
Select a loan tenure that matches your financial goals whether you prefer shorter terms or extended periods for lower EMIs.
Transparent Process
Benefit from a clear, honest and hassle-free loan process with no hidden charges or complicated terms.
Easy Homeownership
Buy your dream home without exhausting your savings, thanks to accessible financing and supportive loan features.
Tax Benefits
Get tax benefits on both principal and interest payments helping you reduce your overall financial burden.
Financial Flexibility
Plan your budget with ease through affordable EMIs and repayment options designed to suit your income.
Flexible Tenure
Select a loan tenure that matches your financial goals whether you prefer shorter terms or extended periods for lower EMIs.
Transparent Process
Benefit from a clear, honest and hassle-free loan process with no hidden charges or complicated terms.
Easy Homeownership
Buy your dream home without exhausting your savings, thanks to accessible financing and supportive loan features.
Tax Guide for Investors
Section 80C - Principal Repayment
- Deduction Limit: Up to ₹1.5 lakh per annum.
Section 24(b) - Interest on Home Loan
- Deduction Limit:
- Self-occupied property: Up to ₹2 lakh per annum.
- Let-out property: No upper limit. However, the maximum loss from house property that can be set off against other income is ₹2 lakh per annum.
- Pre-construction Interest: Deductible in five equal installments starting from the year of completion.
Section 80EEA - Additional Interest Deduction
- Deduction Limit: Up to ₹1.5 lakh per annum.
- Eligibility: First-time homebuyers purchasing properties valued up to ₹45 lakh.
Note: This is over and above the deduction under Section 24(b).
Joint Home Loans
- Eligibility: If a home loan is taken jointly, each co-borrower who is also a co-owner can claim:
- Section 80C: Up to ₹1.5 lakh each for principal repayment.
- Section 24(b): Up to ₹2 lakh each for interest payment.
Capital Gains Tax on Property Sales
Short-Term Capital Gains (STCG)
- Applicability: If the property is sold within 24 months of acquisition.
- Tax Rate: Gains are added to your income and taxed as per your applicable income tax slab rates.
Long-Term Capital Gains (LTCG)
- Applicability: If the property is sold after 24 months of acquisition.
- Tax Rate:
For properties acquired before July 23, 2024: 20% with indexation benefit or 12.5% without indexation, whichever is lower.
For properties acquired on or after July 23, 2024: 12.5% without indexation.
Exemptions on LTCG
- Section 54: Exemption on reinvestment in one residential property within 2 years of sale or 3 years if constructing a new property.
- Section 54EC: Exemption on investment in specified bonds within 6 months of sale, up to ₹50 lakh.
Tax Regime Considerations
Old Tax Regime:
- Allows all the above deductions (Sections 80C, 24(b), 80EEA).
New Tax Regime:
- Does not permit deductions under Sections 80C and 24(b) for self-occupied properties.
- Interest deduction on rental properties is still allowed.
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