Home Loan - FAQs
Yes, you are eligible. But you need to submit the following documents along with supporting documents,
– Relieving order from the previous company.
– Appointment order from existing company.
Tax Benefit Information
Yes, you can take a Home Loan that comes with multiple benefits. It includes let you achieve your goal of buying a new home and make you eligible for Tax benefits. These tax benefits can contribute towards your EMI flow and savings.
Some institutions have a fixed rate of interest, which means the rate of interest remains unchanged for the entire duration of the loan. This means you do not benefit, even if rates of interest drop in the market.
This is the rate of interest that fluctuates according to the market lending rate. This means you stand the risk of paying more than you budgeted for in case the lending rate goes up.