HBS FINANCIAL SERVICES - HOME LOANS

In today Scenario taking Home from ur pocket is impossible.We at HBS Financial Services are working constantly to get you the BEST Loan Deal & have brought a small guide which would answer some important questions related to Home Loan & help you decide your loan deal.

BENIFITS OF HOME LOAN

It works out to be much cheaper than a Home  loans, which is usually issued at interest rates in the region of 9.6% to 14%.
Own Home Without any Tension In today Scenario taking Home from ur pocket is impossible.Now all Bank and financials institutes made it possible and tension free.

The home loan borrower enjoys Tax Benefits on both Interest paid & the Principal re-paid. Under Section 24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 1, 50,000. Under Section 80(c) of Income Tax, Principal amount for the repayment of loan along with other savings & investments is eligible for tax deduction up to a maximum limit of Rs. 1, 00,000.

Since its loan for 15 to 30 years,the rate of interest is lower, EMI is cheaper than other loans.

It is a fee charged by banks from the borrowers to process their loan application; it is normally between0.5% to 1% of the loan amount.

The tenure for a Loan Against Property is usually longer than that for a personal loan. Generally, LAP is given for a maximum tenure of 15 years.