Home Loan Benefits for Women

by Rahul Singh Content Writer

Finding a perfect home can burn a huge hole in your pocket if you are unaware of the rights and benefits you have. You can do much more things when owning a house as compared to that of a rented accommodation. There are top builders in Bhiwadi where you can find property of your choice and preference. Most of us rely on home loan when thinking of owning a house which is availed for about 20-30 years. While the home loan tenure is longer, the overall loan cost takes a huge leap at the end. However, this is not the case with a woman borrower and you can easily look for a residential property rates in Bhiwadi. If you are a female borrower, look at the below mentioned points to acquire the benefits you can enjoy in the case of home loan.

Low Interest Rate- The most essential benefit that a woman borrower enjoys is the lower interest rate which is great for a cost-friendly home loan. Home loans go for larger duration and requires higher amount at the end which might not fall in everyone’s budget. A mild change in the interest rate can deduct the flow of interest substantially for 20-30years. Look for the interest rate offered to women for different banks in India.
Stamp duty is a part of the property cost which accelerates the final cost of the loan. The lenders finance the entire loan at around 90% of the property cost. The stamp duty differs from one state to another. However, women buyers do not face a higher stamp duty. Even a concession of around 2 per cent is applicable at times. A woman borrower saves up to 1 lakh for a property worth Rs 60 lakhs.
Just like the male counterparts, women borrowers too are eligible for a tax deduction on the payment of home loan. Women who are applying for home with their husbands can too receive the tax deduction in an equal proportion. These tax benefits help in encouraging the female buyers to invest in real estate.

Look for affordable housing in Bhiwadi if you are looking for a property under a budget. Search for affordable housing projects in Bhiwadi for a great investment purpose. There are various ready to move property in Bhiwadi if you planning to shift immediately.