Easing your home loan journey
Every home buying decision is an important one. The choice of your home loan partner thus, is as important as any in the process. As you buy your new house and embark on a new journey, it is imperative that you are happy with your home buying partner at all times!
If there is anything that you would want to improve with regard to your housing finance partner, be it the advantage of availing lower interest rates or enjoying superior service, the option to transfer your home loan means that you can always choose to better your existing home loan situation!
As a home loan partner, we pride ourselves at not only providing convenient and comfortable home loan options, but also ensuring the kind of service which fosters a stronger bond between us and our customers. You can choose to transfer your home loans balance to avail lower interest rates, enjoy lower EMI’s or even top-up on your existing home loan amount. Balance Transfer is also allowed on Loan Against Property.
As partners in your journey of realizing the dream of owning your own home, our relationship might begin at helping you finance a new home, but goes well forward ensuring that your entire home loan tenure is cushioned with trust, ease and convenience – making your home loan decision the best one you ever made.
Transfer your home loan to Indiabulls Home Loans today and enjoy the most superior home loan experience possible.
To know more about refinancing your home for new customers, Click Here
The income tax authorities offer certain benefits and exemptions to individuals who have taken a housing loan from specified financial institutions.
Section 24 of the Income Tax Act
Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction. Rs 2,00,000 is the maximum amount eligible for deduction in the case of self-occupied property and for rented out property there is no limit of amount of deduction.
Section 80C of the Income Tax Act
You can get a maximum Rs.1,50,000 deduction from the Income, on repayment of principal during a financial year. Stamp duty, registration fee or other such expenses paid for the purpose of transfer of such house property to the assessee is also considered under this amount.
|Loan Amount||Variable Rates%|
|Upto and including Rs 75 lacs||8.35% to 9.75%|
|More than Rs 75 Lacs and upto Rs 300 lacs||8.70% to 10.50%|
|More than Rs 300 Lacs||8.80% to 11.25%|
|Loan Amount||Fixed Rate Tenure||Rates%|
|Upto and including Rs 75 lacs||Upto 2 Years||8.95% to 10.00%|
|More than Rs 75 lacs and upto Rs 300 lacs|
|9.00% to 10.75%|
|More than Rs 300 lacs||9.10% to 11.50%|
After the completion of Fixed Rate Tenure, the rate of interest applicable on loan will be the prevailing Variable Rate Of Interest basis the Margin adjusted to Reference Rates at the time of loan agreement execution.