Should I take a home loan or not ?

POSTED BY Swati S ON December 12, 2013 5:41 pm ONE COMMENT

I have purchased a flat for. I want to know should I take a home loan or not. The construction and handover will mostly be completed in 3+ years. I think I will be able to pay the amount without taking the loan. I want to understand the implications of the tax benefit etc.

Should I take a loan of some minimum amount that might lead to some gain in form of tax saving. Will I eventually be saving anything when considering the interest paid on the loan v/s the tax saved. Thanks in advance !

One reply on this article “Should I take a home loan or not ?”

  1. ashalanshu says:

    Dear Swati, if the possession ‘ll happen to you after 3+Y, your tax benefit on interest ‘ll be limited to 30000 Rs. only.

    Thanks

    Ashal

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