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"Learn everything about the Home loan, types, and interest rates, and help yourself upgrade to meet the requirements before applying for a loan. Here is a course link for you: ffreedom.com/tamil/personal-f...
A home loan is a secured loan used to acquire real estate by using the property as security. Home loans provide substantial finance at reasonable interest rates and for lengthy terms. They are reimbursed using EMIs. After repayment, the borrower regains ownership of the property. A home loan offers funding to enable the comfortable purchase of one's ideal residence. Up to 75 to 90 per cent of the cost of the property is covered by the lender, and you must make an initial payment (down payment) for the balance.
Home loans provide adequate capital at low-interest rates and lengthy payback terms. A Home Loan lets you deduct interest and principal from your taxable income. Section 80C of the Income Tax Act, 1961 allows you to deduct up to INR 1.5 lakh for principal repayments, while Section 24B will enable you to deduct up to INR 2 lakh for interest repayments.
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