You would like to read the full steps here - LOANSARTHI
You would like to read the full steps here - LOANSARTHI
With the Government’s latest measures on tax exemptions, incentives for the real estate sector and the Reserve Bank of India’s announcement on the issue of long-term bonds by banks for infrastructure financing and affordable housing, it is inevitable that you will be in an urge to buy a home as you can now look at saving more taxes on your home loan while paying lower equated monthly installments or EMIs.
Experts are of the view that demand for housing will be made affordable to some extent and this move will also pump up the demand for home loan. The move is expected to reduce EMIs of a home loan borrower by nearly 8-10%. That apart, the recent tax incentives of raising deduction on interest on the home loan from Rs 1.50 lakh to Rs 2 lakh will further help the individual to boost his annual savings to nearly Rs 1 lakh.
You would like to read the full steps here - LOANSARTHI
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