Land Loan is the loan facility availed for buying a land. Land or plot is generally purchased as an investment or for building a house. So, if you are planning to buy a plot, you need to take a land loan and not a home loan. Home loan is offered only for property which is already constructed or under construction. There are certain basic differences between Land Loan and Home Loan in terms of tax implication, qualification, eligibility and other […]
Loans are beneficial, especially to middle class and poor people. You can fulfil your dream by taking loan. Loans can help you to avail facilities such as home, car, study etc. There are different types of loans available in India. You can select a loan based your requirement. However, it is good ideas to explore the various loan options before taking loan. Here is information about 20 Types of Loans in India. Loan is money which a borrower takes from […]
Many of us take a home loan to buy the dream home. However, we hardly know the tax benefits associated with Home loan. In this post, I will throw light on Home loan tax benefits. I will also cover 10 less known facts which are not known to a majority of people. Home Loan Tax Benefits Home Loan EMI payment has two components (1) Principal (2) Interest (Section 24). You can avail tax benefit on both these components. Principal – […]
Before starting actual talk on Best home loan interest rate comparison, let me share one incident with you. Manish employee of MNC Company has recently got transferred in Mumbai, and he is planning to purchase a dream home in the Mumbai. After doing a property search for several days he realized that buying a home without taking a home loan is extremely difficult for him. It is the case with everyone. We cannot imagine buying a home without taking a […]
Buying dream home is easy today. We have number of home loan options. Selection of best home loan is crucial exercise as it is long term debt. Small variation in interest rate can make huge difference in payment. In this article we will compare the home loan interest rates, features and figure out best home loan interest rates. 5 Factor to consider before taking home loan:- Interest Rate: – Select Home loan with low interest rate. Processing Fees:-Select Home loan […]