Buying a home is an extremely crucial decision for an individual, and the loan is probably the longest liability in one’s life. We understand the importance of this, therefore will help you with the best deals and assure you of the best services. Buying a home is one of the biggest financial investments you may make in your lifetime, and that’s not just because of the sentimental value. The sum that most of us sink into our home does make it the largest component of our investment portfolio.

As per Section 24(b) of the Income Tax Act, 1961 a deduction up to Rs. 1.5 lakh towards the total interest payable on the home loan towards purchase / construction of house property can be claimed while computing the income from house property. (The deduction stands reduced to Rs. 30,000 in case of loans taken prior to March 01, 1999).

The interest payable for the pre-acquisition or pre-construction period would be deductible in five equal annual installments commencing from the year in which the house has been acquired or constructed.

As per the newly introduced Sections 80C read with section 80CCE of the Income Tax Act, 1961 the principal repayment up to Rs. 1 lakh on your home loan will be allowed as a deduction from the gross total income subject to fulfilment of prescribed conditions.

Individual – Self Employed (Business / Professional)

• Last six months Bank Statement of all accounts of the individual
• ITR for last 3 years
• Balance sheet and P&L accounts for 3 years
• KYC documents of the company including PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association.
• KYC Documents of all the individual – Pan card, Adhar Card, Latest Utility Bill for residence proof
• Photographs of the individual
• Property Documents – Complete Property Chain

Individual – Salaried

• Last six months Bank Statement of all accounts of the individual
• ITR for last 3 years
• Form 16 for last 3 years
• Latest 6 months salary slips

Query Form