Home, sweet home, built out of your dreams. A place where you return after a hard day's work and relax, a place where you share precious moments with your family. A place that gives you a sense of belonging. Indiabulls Housing Finance Company helps you realise your long cherished dream of owning your home through hassle free and customer friendly home loans.
Presenting the home loan you have been looking for. We realise what owning your home means to you and your family.
You can avail of the Home Loans purchasing a ready built house/flat, residential plot and even for re-financing existing loans you may have availed from other banks or housing finance companies.
The benefits of taking a Home Loan.
The income tax authorities look with favour upon those servicing a housing loan from specified financial institutions. And, it is up to you to be wise enough to take advantage of this.
Let's start with Section 24 of the Income Tax Act.
Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction. Rs 1,50,000 is the maximum amount eligible for deduction in the case of self-occupied property and for Rented out property there is no limit of amount of deduction.
That brings us to Section 80C of the Income Tax Act.
You get a maximum Rs.1,00,000 deduction from the Income, on repayment of principal during a financial year. Stamp duty, registration fee or other such expenses paid for the purpose of transfer of such house property to the assessee is also considered under this amount.
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