State Bank Of India

Beneficial Features Of A Home Loan

As there are multiple types of home loans available in the market, they attract several benefits or advantages for the borrower:

  • Home finance becomes more realistic with the help of home loans.
  • Home loan interest rates are lower than other loans that make the repayment affordable.
  • The prolonged tenure of a home loan makes it easier to repay.
  • The benefits of the tax deduction on the principal and interest amount of the home loan U/S 80C, 24b, and 80EEA lower your annual tax amount.