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Assuming an 80% LVR, 5.5% interest rate, 30 years loan term on principal and interest monthly repayment. Save this for your next purchase or share it with someone who is purchasing this year 👈🏼 #property #wealthcreation #homeloans #mortgagebroker #investmentloans | Archer Financial Group
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Save ₹19Lakh rupees on your next home loan! Here is Part 1 of Hacks to save money on Home Loan. 📌 Shoot any question in the comments! ✅ Additional details: ✔️Section 24(b): Each borrower can claim up to Rs 2L annually on home loan interest. Conditions : - Loan must be taken after April 1, 1999, and property must be completed within 5 years. - Pre-construction interest is deductible in five equal instalments once construction is complete. - If conditions aren’t met, the deduction drops to Rs 30,
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Income Tax Benefit on Home Loan Repayment | 80C 24(b) 80EE 80EEA Under section 80(c) of the Income Tax Act, tax deduction of a maximum amount of up to Rs 1.5 lakh can be availed per financial year on the principal repayment portion of the EMI. Tax deduction under section 80(c) of the Income Tax Act can be claimed for stamp duty and registration fees as well but it must be within the overall limit of Rs 1.5 lakh applied to principal repayment. You can avail deduction on the interest paid on your
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