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NRI HOME LOANS

An NRI is elgibile to buy a property in India and so is he available to availa a Housing Loan.  An NRI is required to submit the following documents, for the bank to process his/her home loan.

  1. Income Proof for salaried applicant and co-applicant.
  2. Valid Work Permi...

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Tax Benefits in Home Loans

Under section 24 of the Income Tax Act, interest portion of the EMI paid can be claimed as a deduction upto Rs. 2 lakhs in a FY, in case of a Self-Occupied property.  And in case of a Let-Out Property, there is no upper capping.

In addition to the above, one can also get deduction ...

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