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PRINCIPAL REPAYMENT BENEFITS
CA explains how one simple home loan trick can save you lakhs and cut years off your loanA simple annual habit can dramatically cut home loan costs. By paying just one extra EMI each year, a borrower named Vishal saved approxima...- Thinking of prepaying your home loan? CA says why you might be doing it wrongChartered accountant Paaras Gangwal advises caution on home loan prepayments. He explains that early loan prepayments yield significant sav...
- To win the deep-tech race, India needs ‘General Innovation Rules’India is launching ambitious science initiatives. However, current financial rules designed for conventional procurement hinder R&D. A new ...
- RBI holds repo rate, but for how long will relief for home loan borrowers continue?The RBI’s decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger ...
- Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financi...
- Can bonds replace rental income? The ₹40,000 monthly cash flow mathIndian investors traditionally favor rental income for passive earnings, but rising property prices and modest yields are prompting a shift...
- Paying home loan for 30 years? CA explains the hidden trap behind the home loans and the only way to beat itHomebuyers often overlook the true cost of 30-year home loans. Early EMIs primarily pay interest, not principal. Chartered Accountant Nitin...
- Rs 42,000 salary, Rs 3 lakh debt and 634 credit score: CA explains how a teacher built Rs 11 lakh wealth in just 4 yearsNitin Kaushik shared how a 34-year-old teacher transformed her finances despite earning Rs 42,000 monthly and carrying Rs 3 lakh debt at 18...
- Post office TD vs PSU bank 5-year FD: Where can you get higher maturity on Rs 2 lakh investment?For a 5-year fixed deposit, the Post Office TD scheme currently offers a higher interest rate compared to most public sector banks' 6%-6.25...
- Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...
- Tax planning for first-time home buyers: Maximise your savings
- Section 80C tax benefit not available on this type of home loanAn individual can claim two tax benefits on a home loan taken. An individual can claim a deduction of up to Rs 2 lakh on the interest paid ...
- How to claim both HRA and home loan tax benefit togetherSalaried people have very limited tax saving options and if they can get tax deductions on account of HRA and home loan repayment. However ...
- Here's how you can claim tax benefit on a top-up home loanSome of us who want to renovate or repair our homes take a top-up over the home loan due to the long tenure of our mortgage (usually 15-20 ...
- Six things about home loan tax incentives you didn't knowEven if you get a discount on both, your tax bill can burn a hole unless you know the rules well. Here goes a list of six lesser known tax ...
- Taking a joint home loan with your spouse? Here's how you can save more taxA joint housing loan can also bring tax benefits and this has been a big draw with many working couples.
- Budget 2012: Increase tax benefits on housing loans, says DTZPrincipal repayments should be treated as a separate tax exemption entity and excluded from benefits under section 80 C.
- Pre-paying the loan?There is a rush to repay the home loans in view of the rising interest rates. But is it the right move? ET Realty delves deeper into the is...
- Step up EMI for home loanLenders offer various options to make the repayment on a home loan flexible and convenient for borrowers.
- Tax sops on home loan repayment may endI-T rebate against repayment of principal amount of a housing loan for the entire term of the loan may be trimmed.
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