Many aspiring home buyers fund their purchases with a housing loan. Apart from providing financial support to buy a fixed asset, a home loan also enables a borrower to avail of several tax benefits according to the Income Tax laws. Sections 80C and 24 provide multiple tax benefits to home loan borrowers. However, one may […]
The EMI (Equated Monthly Instalment) mode of payment enables a borrower to re-pay the loan amount on equal monthly instalments. It includes repayment of the principal amount and interest payment on the home loan’s outstanding amount. However, manually computing EMIs can be tricky as it may comprise errors. This is why using a home loan […]