Is It Good to Take Home Loan to Save Tax in India?
Posted on Wednesday, May 8th, 2024 |
Summary: With features such as flexible tenure and high loan amounts, home loans are ideal for purchasing or constructing a house. Home loans in India also offer borrowers tax savings under the Income Tax Act, 1961. Borrowers can claim tax deductions on the principal repayment, interest repayment, and stamp charges under different sections of the…
Read moreHow Much Home Loan Can You Get Based on Your Salary?
Posted on Tuesday, May 7th, 2024 |
Summary: A home loan is a secure and convenient way to purchase your dream house. To determine your home loan amount, lenders consider your salary and job stability. The amount is also influenced by factors like age, credit score, existing liabilities, and property value. Choose IndusInd Bank for favourable terms to achieve your homeownership dreams…
Read more5 Ways to Reduce Home Loan EMIs
Posted on Saturday, November 25th, 2023 |
There are ways for both new and existing home loan borrowers to reduce their loan EMIs. These include a. choosing a longer repayment tenure b. making a bigger down payment c. negotiating for a lower interest rate d. making prepayments e. opting for home loan balance transfer. IndusInd Bank home loan is marked by a…
Read moreHow is Loan Against Property Different from Home Loan?
Posted on Saturday, July 29th, 2023 |
While a loan against property enables borrowers to use their owned property as collateral for obtaining a loan, a home loan is specifically designed to facilitate the purchase of a new property. When financing a dream home or major expenses, two common options often come to mind: Loan Against Property (LAP) and Home Loan. While…
Read moreWhat are some tips to save money on home loan repayment?
Posted on Thursday, January 12th, 2023 |
Buying a house is one of the biggest aspirations in our lives. For most of us, home loan is the only way to achieve this dream. While availing a home loan does not take as long; repayment of home loan is a lengthy affair – especially if the EMI is low and spread across a…
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