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Home Loan EMI Calculator – Download or Calculate Online

Different banks are offering in internet online home loan calculators to calculate payments on the mortgage. These calculators are characterized by three drawbacks: usually they are configured only for a certain interest rate adopted in this bank, which makes it  impossible to use them to calculate the loan under another annual interest; they are often prompted to enter some information, not related to the calculation formula and only confuse the user; they do not provide .....

While Considering a Home Loan…

Home loan or a mortgage is a an option which if exercised prudently can fulfill ones dream to own a home of his own even when one is short of finances at that in point. Taking home loan is a decision that is going to affect you for a long time. On one hand it gives you the joy and on the other hand there is the responsibility of paying back the loan in time. .....

Home Loan – FAQs by RBI – Must Read for Everyone

1. For what purposes can I seek a first time home loan? You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house. Please remember to seek specific clarifications on the above-mentioned issues from your commercial bank. 2. How will your bank decide your home loan eligibility? .....

Only House Owner can Claim Deduction u/s 80C

I Work in an IT Company and took a housing loan from HDFC Bank. I am the co-applicant. The property is in my mother’s name but she is a housewife and i pay all EMIs. Am I eligible for tax benefit ? A Deduction under section 80C of the act toward the payment made by way of repayment of amount borrowed by the assessee from the bank for the construction or the acquisition of a .....

Tax Planning with Home Loan

Is Tax planning is legal? Yes, It is legal and it is your right to plan tax legally and i am here to plan your tax legally. Tax planning, a legitimate exercise, should not be confused with taxavoidance or tax evasion. Good tax planning comprises tax compliance and availing proper tax benefits, coupled with proper analysis of the financial implications of a decision. There are many situations that demand a proper understanding of, and approach .....