When you take a home loan for your dream home, you end up paying an interest and the loan amount. The interest is calculated by an interest rate charged on the loan amount. You repay the loan amount and interest in equal monthly installments. Home loan interest rates can be...
Loans for home and land may seem to be the same since both are part of real estate. But in financial terms, home loan and land loan differ in a few major areas. Banks and Non-banking financial institutions (NBFCs) provide both loans. Also, despite certain differences, the rules for processing...
As the law allows a person to own multiple homes and avail of multiple home loans, we look at the implications on tax exemptions on the home loan for the second houseThere is no restriction on the number of properties you can own. Similarly, there is no restriction on the...