Understanding the Nuances of Home Loans along with GST Benefits
by Litty Jose Finance AnalystHome
Loan Made Easy
In the simplest
of words, a housing/ mortgage or home loans are Loans acquired from a financial
institution to purchase a home. There goes a wonderful saying, “A house is made
of bricks and beams, home is made of hopes and dreams.” These hopes and dreams
are fueled extensively by finance institutions and home loan providers,
builders and developers during the festive seasons.
With the
onset of the festival of prosperity and abundance, various Home Loan offers would
soon start to mushroom
It’s raining offers this festival season - With slashed processing fees, low interest rates, GST benefits on home loans there could be no better time than this. Festival season always comes up a high range of discount offers on property and real estate. This is also considered the best time to hunt for home in and around the areas you are interested in.
b)
Builders
lure you this festive season - GST benefits
on real estate, free tours, automobiles, gold coins and what not. Builders
won’t shy away this festive season and neither should you. You can always
contact a financial advisor to advice you on how you can make the most of this
festive season and invest in one of the biggest assets of one’s life – HOME.
c)
Get the best
deal this festival season - Be on the
hunt for the BIG3
❖ Home loan interest rate
❖ Home Loan Tenure
❖ Processing fees and GST Benefits on Home
Loans
You could also combine the deals from home loan providers. For instance, you could get GST Benefits on both your home loan and on the property or real estate you opt to purchase
Unlike any
other loan, deciding about a home loan, its type, interest rate and other
details associated with it takes thorough research. This is made easy by a Home Loan
EMI Calculator. A home loan EMI (equated monthly installment)
calculator is easily available online that gives you the correct EMI amount
basis the Principal amount and interest rate. Moreover, home loan interest can
be repaid through either a floating (adjustable) interest rate or a fixed
interest rate.
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Created on Sep 25th 2017 08:42. Viewed 869 times.