Did you know that home loan borrowers can get tax benefits? As per the Income Tax Act of 1961, the principal amount and interest components paid towards a home loan are eligible for tax deductions. The maximum tax deduction that you can get for the principal component is up to Rs 1.5 lakh under Section…
Availing a Loan Against Property (LAP) can be extremely helpful if you need a large amount of money to take care of some financial needs. In this type of loan, borrowers can avail a large sum by pledging their house or property as a security with the lender. Since a loan against property is a…