Tax Benefits in Home Loan

SK SERVICES offers instant soft approval for Home Loan which further gets disbursed in depends on bank from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, door step services, transparent processing, simple & easy documentation and competitive lowest interest rate.

The home loan borrower enjoys Tax Benefits on both Interest paid & the Principal re-paid. Under Section 24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 1,50,000.

Under Section 80(c) of Income Tax, Principal amount for the repayment of loan along with other savings & investments is eligible for tax deduction up to a maximum limit of Rs. 1, 00,000.

Home Loan Interest Rates 2019

Bank/ NBFC Name Interest Rates EMI start From
IDFC Bank Ltd 8.50% – 9.00% Rs. 868 for 20 Years
Rs. 769 for 30 Years
ICICI Bank 8.35% – 9.00% Rs. 858 for 20 Years
Rs. 758 for 30 Years
HDFC  Ltd 8.35% – 9.00% Rs. 858 for 20 Years
Rs. 758 for 30 Years
Reliance Home 8.60% – 9.00% Rs. 874 for 20 Years
Rs. 776 for 30 Years
India Bulls 8.35% – 9.00% Rs. 858 for 20 Years
Rs. 758 for 30 Years
DHFL 8.35% – 9.00% Rs. 858 for 20 Years
Rs. 758 for 30 Years
Yes Bank Ltd 9.35% – 10.50% Rs. 922 for 20 Years
L&T Housing 8.50% – 9.00% Rs. 868 for 20 Years
Rs. 769 for 30 Years
DCB Bank Ltd 8.50% – 10.50% Rs. 884 for 20 Years
Deutsche Bank 8.50% – 9.00% Rs. 868 for 20 Years
Magma Housing 10.50% – 12.00% Rs. 1066 for 20 Years
Aadhar Housing 10.00% – 13.00% Rs. 1032 for 20 Years
Shriram Housing 11.50% – 13.00% Rs. 1066 for 20 Years
PNB Housing 8.35% – 9.00% Rs. 868 for 20 Years
  • Colour Photo
  • PAN Card Copy
  • Last 6 months bank A/C statement
  • Passport size photograph of the applicant & co-applicant
  • Age proof of co-applicant
  • Residence Address Proof
  • 1 year bank statement
  • Property Documents
  • Income proof documents

provides the lowest rate of the market. You can compare all the loan providers offer under a single roof. A home loan can be used to buy a new property like flats, bungalow, and row houses also. Banks generally provide 80% to 90% of the property value as a home loan. The remain balance has to be arranged as the initial down payment. You can also avail a personal loan for further down payment amount. Nowadays some builders provide fully furnished flats to enable higher loan amount. This also reduces the cost of furnishing the house on possession. Home loans are available from 5 lac to 25 Cr. skservices.org.in suggests you the lowest rate of interest.

After applying for a Home Loan there are lots of parts included in availing Home Loan starting with identifying your property to filling up the loan application form. Following are the important stages in Home Loan approvals:

Processing Fees and Charges

  • Normally bankers charge a processing fee of 2% to 3% of the loan amount, which may vary based on credit profile.
  • If you repay your personal loan earlier than the agreed time frame, also other important part lenders charge with pre-closure or default penalty of about 4% of the pre-closed loan amount.
  • Minimum of loan seasoning is six month means you cannot foreclose your loan before six month.

Home Loan - Eligibility

Any salaried, self-employed or professional Public and Private companies, The personal loan eligibility criteria for salaried employee is as follows.

  • Minimum age of Applicant : 23 years
  • Maximum age of Applicant at loan maturity :  55 years
  • Minimum Net Monthly Income : Rs. 20,000 per month (minimum Rs. 20,000 in some banks according to their loan eligibility criteria)

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

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Get a Quote

Now apply for a Home Loan online, All you need to do is provide your details below application form.