FAQ’s on Home Loans….

Can I claim tax benefits for loans from family members? Tax benefits on interest payment under Section 24 of the Income Tax Act, are available to the borrower if he takes a loan from personal channels –friends, family, etc. The borrower must, however, note that they cannot claim deductions under Section 80C on repayment of […]

FAQ’s on Home Loans…..

How much home loan can I get on the property value? There could be cases where banks would offer you 90% of the property cost, as loan. However, there is no blanket rule about this. The lender would check a variety of factors, including your repayment eligibility, before they agree to grant you that kind […]

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