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How to Claim Tax Benefits on Home Loan in India?

How to Claim Tax Benefits on Home Loan in India

Owning a home is one of the greatest achievements in one’s life. To encourage the inhabitants of India to make purchases, there have been several efforts from the side of the Government. Over the last few years, several schemes have been introduced into the market. And claiming tax benefits on …

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What is Loan Pre-Payment and How it works?

What is Loan Pre-Payment and How it works

Credit allows us to fulfill our needs that our savings or income cannot support. Also, there are different types of loans, depending upon the needs of the borrower. Each loan is tailored differently to serve a particular purpose. However, when it comes to personal loans, one cannot deny the fact …

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Flat vs. Reducing Interest Rates on Loan EMIs

Flat vs. Reducing Interest Rates on Loan EMIs

To help people achieve their financial desires, various financial firms and banks come forward and offer loans. You can get a vehicle loan, education loan, home loan, personal loan, gold loan, and property loan from banks. Most of the banks offer such loans at reasonable interest rates. It’s obvious that …

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What are the Different Types of Bank Loans in India?

What are the Different Types of Bank Loans in India

Banks lend loan for a specific period at a fixed interest rate. The borrower needs to pay back the money, which includes the rate of interest as well as the principal amount. From buying houses to set up a business, loans can be used for several reasons. Loans fulfill your …

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