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Author: Rahul Misra

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Tax Benefits on home loan top up

Avail Tax benefits on your Top-up Home Loan

Rahul Misra2 Comments

The tax benefits on Top-up loan include a deduction of up to Rs. 1.5 lakhs on the principal repayment under section 80C. However, if the property is sold within 5 years, the tax benefit will be overturned. The second benefit is a deduction up to Rs 2 lakhs on the interest paid under section 24 of the Income Tax Act in a financial year

Home loan top up Vs Personal loan

Home Loan Top-up vs Personal Loan: Which one is best for you?

Rahul Misra1 Comment
When in financial need people look for loans, but because of lack of knowledge they don't know which loan type they should go for? Which one is best for them? Home loan Top up or personal loan? Financial emergency or monetary urgency are some of the unavoidable situations that generally trap most of us because...
Credit Linked Subsidy Scheme

Credit Linked Subsidy Scheme (CLSS)

Rahul Misra5 Comments
In June 2015, under Pradhan Mantri Awas Yojana (PMAY), Ministry of Housing and Urban Poverty Alleviation (MoHUPA) introduced Credit Linked Subsidy Scheme (CLSS) for individuals to own their dream home. CLSS is an interest subsidy scheme under PMAY that is given to people for home construction, purchase, extension and improvement. It is one of the components...
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