In this article I will be presenting the information related to Home Loans. I have published lot of useful article in this site related to home loans and tax related doubts. I thought it will be useful if one article to summarize all the articles on the home loans subject. It will be good for the readers to access all the related information in single place. Hope you will enjoy this article. After reading the article please post your doubts in the comments section. You can subscribe to our future articles here.
Eligibility and Application for Home Loans
Lets look into what is the eligibility to get the home loans. It is difficult to say what is the eligibility without knowing the requirement and amount of the loan. Each bank has the unique rules to approve the loans application. Normally the process will be fast and quicker in the private banks because the restriction to get the home loans are minimal while comparing to the nationalized banks like SBI, IOB,etc. The list of article explaining the required documents and other related problems.
Processing Fees and Hidden Charges
When you are applying for the home loans, it is good idea to enquire more about the processing fees and any other hidden charges by the bank. Most of the banks charge certain percentage on home loans as processing fees. Apart from processing fees, if you are looking to preclose the loans, there is chance bank will put penalty on the preclose the loans. These are the some important factors to choose the home loans.
Income Tax Benefits on Home Loans
It is one of the most important factor for many people investing in the buying new homes. There is two sections providing the rebate for home loans repayment in form of Principal and Interest on loans. Section 80c provides Rs.100000 on the principal repayment and section 24b provides Rs.150000 on the interest payment. There is lot of scenarios discussed on the same topic in our previous articles. Below you will find the list of articles.
In this article I have listed the important factors on deciding the home loans and provided all the related articles. Reading those links will give you the enough knowledge on home loans. I will keep updating on the home loans news in this blog. Please keep visit our blog regularly to get the updated news. If you are interested in subscribe to our future articles please do it here.