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Housing Loan

Latest Articles


Maximizing Tax Benefits on Home Loan Interest: A Strategic Guide

Income Tax : Learn how to optimize home loan interest tax benefits for self-occupied and rented properties. Strategies include reducing capital...

January 10, 2025 28086 Views 0 comment Print

Step-by-Step Guide to Home Loan Calculations

Finance : Learn to calculate home loan EMIs with this step-by-step guide. Understand loan amount, interest rates, tenure, tax benefits, and ...

January 7, 2025 813 Views 0 comment Print

How is a Loan Against Property Different from a Home Loan

Finance : Learn difference between Loan Against Property and Home Loan. Uncover nuances between two different types of mortgage loans to mak...

December 1, 2023 1254 Views 0 comment Print

SMFG Grihashakti Home Loan: How does it differ from other home loan options?

Finance : Navigating home loan options can take time and effort. With all the jargon and percentages flying around, making a decision can be...

September 27, 2023 798 Views 0 comment Print

Comprehensive Guide to Secured and Unsecured Loans in India

Finance : Discover the various types of loans available in India, including secured loans like home loans, gold loans, vehicle loans, and mo...

July 11, 2023 1992 Views 0 comment Print


Latest News


ICICI Bank launches ‘Cashback’ home loans

Finance : Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a new home loan, w...

September 28, 2017 1986 Views 1 comment Print

‘Mortgage Guarantee’ backed loans for affordable housing sector

Finance : ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing sector First bank in India to offer this facilit...

August 26, 2015 688 Views 0 comment Print

Housing loans of Rs 15 lakh to get 1 Percent interest subvention – Budget 2011-12

Finance : The government on Monday said low-cost housing loans of Rs 15 lakh (Rs 1.5 million) will be eligible for one per cent interest sub...

March 1, 2011 1093 Views 0 comment Print

Income ceiling per month per household for purposes of housing loans revised

Finance : The income ceilings of Economically Weaker Section (EWS) and Low Income Group (LIG) presently defined as Rs. 3300 per month per ho...

March 16, 2010 759 Views 0 comment Print

Home Loan will cost more as teaser rates are coming to end

Finance : Home and auto loan customers will have to shell out more with several public sector banks including the State Bank, Punjab Nationa...

February 12, 2010 663 Views 0 comment Print


Latest Judiciary


Interest paid on housing loan not allowable as cost of acquisition

Income Tax : ITAT Mumbai held that interest paid on housing loan borrowed for purchase of flat is not allowable as cost of acquisition....

September 1, 2023 9819 Views 0 comment Print

Interest on home Loan availed of to repay earlier loan is allowable U/s. 24(b)

Income Tax : If second borrowing has really been used to repay the original loan and this fact is proved to the satisfaction of AO, interest pa...

August 31, 2017 21999 Views 2 comments Print


Latest Notifications


Guidelines on 1 Percent interest subvention Scheme on housing loans upto Rs. 10 lakh –

Fema / RBI : RPCD.SME & NFS. BC. No. 62/06.11.01/2010-11 - In para 43 of the Union Budget Speech of 2011-12, it has been proposed to liberalise...

April 21, 2011 1742 Views 0 comment Print

Scheme of 1 Percent interest subvention on housing loans up to Rs. 10 lakh

Fema / RBI : While calculating the interest subsidy, each disbursement may be treated as a separate loan and for each disbursement, subsidy cla...

February 8, 2011 298 Views 0 comment Print

RBI increases LTV Ratio, Risk Weight and Provisioning in respect of Housing Loans by Commercial Banks

Fema / RBI : It has been observed that some banks are following the practice of sanctioning housing loans at ‘teaser rates’, wherein the lo...

December 23, 2010 709 Views 0 comment Print

Priority Sector Lending – Loans to Housing Finance Companies

Fema / RBI : Please refer to paragraph 7.5 of our Master Circular dated July 1, 2009 on Lending to Priority Sector, in terms of which loans gra...

December 18, 2009 705 Views 0 comment Print


Latest Posts in Housing Loan

Maximizing Tax Benefits on Home Loan Interest: A Strategic Guide

January 10, 2025 28086 Views 0 comment Print

Learn how to optimize home loan interest tax benefits for self-occupied and rented properties. Strategies include reducing capital gains tax and offsetting rental income.

Step-by-Step Guide to Home Loan Calculations

January 7, 2025 813 Views 0 comment Print

Learn to calculate home loan EMIs with this step-by-step guide. Understand loan amount, interest rates, tenure, tax benefits, and additional costs for better planning.

How is a Loan Against Property Different from a Home Loan

December 1, 2023 1254 Views 0 comment Print

Learn difference between Loan Against Property and Home Loan. Uncover nuances between two different types of mortgage loans to make informed decisions.

SMFG Grihashakti Home Loan: How does it differ from other home loan options?

September 27, 2023 798 Views 0 comment Print

Navigating home loan options can take time and effort. With all the jargon and percentages flying around, making a decision can be unclear. You’re probably thinking about the hefty down payment of long-term financial commitments or wondering if you’ve chosen the right interest rate.

Interest paid on housing loan not allowable as cost of acquisition

September 1, 2023 9819 Views 0 comment Print

ITAT Mumbai held that interest paid on housing loan borrowed for purchase of flat is not allowable as cost of acquisition.

Comprehensive Guide to Secured and Unsecured Loans in India

July 11, 2023 1992 Views 0 comment Print

Discover the various types of loans available in India, including secured loans like home loans, gold loans, vehicle loans, and more, as well as unsecured loans like personal loans, short-term business loans, education loans, and credit cards. Understand the advantages and disadvantages of each loan type to make informed borrowing decisions.

Deduction of interest on loan to purchase a residential home for which possession is pending

January 11, 2023 10599 Views 0 comment Print

Whether or not the assessee was entitled to a deduction for interest paid on a loan used to purchase a residential home since he had not taken possession of the property

Additional Deduction of Interest on Housing Loan

June 1, 2022 4155 Views 0 comment Print

Maximize your tax savings with additional deduction of interest on housing loan. Learn how you can claim deductions under section 80EE & 80EEA.

Benefits of Housing Loan

May 4, 2022 3801 Views 0 comment Print

Explore the tax benefits of housing loans: Section 80 C allows up to 150000 principal repayment deduction, while Section 24(b) permits interest deduction up to Rs. 2 lakhs.

Save Taxes the Right Way (Invest+Tax Savings)

March 6, 2022 8310 Views 0 comment Print

It’s that time of the year when you need to invest in different investment products to enable tax savings for FY 2021-22 OR else regret after March that you did not utilize the benefit of various deductions available for you Now a days, nobody wants to invest just for Tax savings, everybody wants such investment […]

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