Buying a home is a dream for us but acquiring the dream home becomes too expensive without home loans. The central government introduced additional benefits of 1.5 lakhs in 2019 to home loaners extended to 2022. A person can avail of the tax benefits if his home loan is approved before March 31, 2022. Under sections EEA and 24. The individual can claim the maximum deduction of 3.5Lacs for the interest paid. A home loaner can get an additional interest relaxation if the property has a stamp duty valuation of up to Rs.45 lacs. Also, he must not posses any residential property before the sanctioning of loan date, and the sanctioned date must be between April 1, 2019, to March 31, 2022. A personal loan is an unsecured amount offered by lenders to buy a house. The loan repayment tenure is shorter in a personal home loan.
Which one is better – a home loan or a personal loan?
Before you finalize which type of loan you should avail yourself of to buy a home, consider a few factors like loan tenure, loan disbursal period, and interest rates. A personal loan has a higher interest rate than a home loan, and its repayment tenure is shorter than a home loan. However, a personal loan is best if you want to save money in a few hours. In addition, a personal loan is best for home decor expenses, whereas a home loan is a secured amount that can be availed for tenures of 20 years or more. Moreover, if you consider penalties associated with both types, borrowers are not charged with any penalties for pre-payment of top-up home loans. In personal loans, lenders charge penalties on pre-payments.
Home loans make the dream of buying a home a reality for those who seek to own a place to call home. Buying a luxury home at a premium address becomes much easier with home loans. In addition, realtors and developers offer discounts on booking flats during festive seasons or in pre-launch editions.
iOS in Tathawade
Engineers Horizon, a well-known realtor in Pune, launched iOS, which offers luxury 2 and 3 BHK homes in a prime location of Tathawade. The property is under construction and is equipped with luxury amenities and conveniences to make the lifestyle more exclusive. The property is well-connected to the Hinjewadi IT hub and other daily essentials. Set in the lap of nature, iOS is encompassed by good civic amenities. It enjoys seamless connectivity to schools, colleges, and healthcare infrastructure. If you are searching for 2 BHK in Tathawade, explore the iOS residential project. From design to amenities, iOS is a residential marvel in Tathawade that offers an exemplary lifestyle that you have dreamt of.