HOME LOAN
A home is the place where we resides with our beloved ones.Buying a house is one of the biggest financial decisions that you will make in your life. It is an overwhelming experience, both financially and emotionally. We all had some sweet memories in our lives in which the home also behaves a member.So owning a home is always desirable.Living in a house on rent is not an easy task.The freedom seems to have been tamed.You have to follow the schedule as per the owner.Your children can not enjoy.It is always better to have your own house.But in the world of today,it is not that much easy to buy your own home.The land is so costly that it takes many years to deposit that amount but at the time you go to buy ,you get to know that the price have raised.And this process continues.Meanwhile the educational expenditures of children arises.At that point of time the priority is given to education and marriage thereafter.But the dream of owning a home seems to be unachievable.It is impossible as per the practical situations.But the dream can come true with the help of home loan services.There are many schemes as well which are made for serving the same.The home loan service is provided to make the dream of owning a home true.It seems to be hesitating to ask the relatives for financial help.This also harms the personal reputation.There are many benefits associated with it.Some of them are deduction on interest,deduction on principal repayment,deduction on stamp duty and registration charges,deduction on preconstruction interest.If you are paying EMIs the interest component in EMI can be claimed as deduction.If your house is rented,the entire interest can be claimed as deduction.Stamp duty is a legal tax payable in full and acts as an evidence for any sale or purchase of a property. The levy of stamp duty is a state subject and thus the rates of stamp duty vary from state to state. The Centre levies stamp duty on specified instruments and also fixes the rates for these instruments.It is usually paid by the buyer with regardless to agreement and in case of property exchange, both seller and the buyer has to share the stamp duty equally.The period of borrowing money until the construction of the house is called preconstruction period.We provide the home loan services so that they can own their home and have a less stressed life ahead.It is helpful for all the members especially the head of the family.The home loan has less interest rates.This facilitates to all the people belonging to different background of the society.