Home Loan

Home Purchase Loan

Construction Loans

Plot Purchase & Construction Loans

Purchase a home is a dream in 2022 an easy home loan availability can make this dream a reality. In fact, purchasing own house is also one of the best investments in life. And competitive-interest rates, easy EMIs and quick loan processes have been encouraging more people to buy a house than ever before. The selection of the best financial institutions that not only give you a best-interest rate home loan but also provides customised home loans as per your requirement. Ask me loan (OPC) Pvt Ltd, suggest best banks and NBFC based on Ur Profile. Besides that, it also offers a number of other benefits like speedy approval, easy process, flexible long tenure, competitive interest rates, easy EMI along with minimum paperwork, and fast online services.

The Government of India offers tax reductions on home advances under the Income Tax Act of 1961. These home credit tax cuts assist borrowers with saving a significant measure of cash consistently. The following are the tax reductions that you can get on your home credit EMI installments:

Home Loan Tax Benefit 2021-22

Section of Income Tax Act Nature of Home Loan Tax Deduction Max. Tax Deductible Amt.

Section 24(b) Interest paid Rs. 2 lakh

Section 80C Principal (including stamp duty and registration fee) Rs. 1.5 lakh

Section 80EE Additional interest (for first-time homebuyers) Rs. 50,000

Section 80EEA Additional interest (for affordable housing) Rs. 1.5 lakh

Note: Notwithstanding Section 24(b) of the IT Act, you can guarantee tax cut on home advance interest either under Section 80EEA or Section 80EE.