Perks of availing a housing loan - PowerPoint PPT Presentation

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Perks of availing a housing loan

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A housing loan is a type of loan offered by financial institutions to help individuals purchase or construct a property. The loan is typically repaid over a long period of time, with the borrower paying a combination of principal and interest. – PowerPoint PPT presentation

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Title: Perks of availing a housing loan


1
PERKS OF AVAILING A HOUSING LOAN
2
TAX BENEFITS
You can deduct principal and interest payments
under sections 80C and 24.
3
You can get additional funds through top-up home
loans to meet other financial needs.
PROVIDES LIQUIDITY
4
NO FORECLOSURE FEES
You can pay off your floating rate loan early
without incurring any charges.
5
LONGER PAYBACK PERIOD
YOU GET A FLEXIBLE AND LONGER REPAYMENT TERM,
MAKING EMI AFFORDABLE.
6
OWNERSHIP
Presentations are communication tools that can be
used as demonstrations.
It assists you in acquiring a worthy property
that appreciates in value over time.
7
BALANCE TRANSFER OPTION
Balance transfers offer lower interest rates.
You can switch your expensive housing loan
balance to a new lender.
8
HOW CAN YOU GET THE MOST OUT OF YOUR HOUSING
LOAN?
9
JOINT HOUSING LOAN
A joint loan increases your eligibility and
qualifies you for a larger loan amount.
It increases the tax benefits.
10
COMPARISON
Review what other housing lenders are
offering. Compare eligibility criteria.
1. 2.
11
GOVERNMENT SCHEMES
Apply for government housing programs to receive
subsidies and make your loan more affordable.
12
Housing loans have many advantages. You must
first learn about home loan eligibility and
documents to ensure the smooth processing of
your application.
13
Thanks
Would Love to hear from you. Hero Housing Finance
Ltd. 09, Basant Lok, Vasant Vihar, New Delhi -
110057 Tel 18001024145 Email
customer.care_at_herofincorp.com Website
https//www.herohousingfinance.com/ URL
https//www.herohousingfinance.com/blog/knowledge-
series- of-experts/benefits_of_taking_a_home_loan
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