Home loans help you realize your dream of owning a house without breaking your savings and investments or impacting your other important financial goals such as children’s higher education and retirement. It comes with a host of benefits and features, including high-value financing of up to Rs. 10 crore, low-interest rates, flexible repayment tenure of up to 30 years, annual tax benefits, PMAY subsidy of up to Rs. 2.67 lakh, balance transfer facility and top-up loan facility. Housing loans can also be availed by those who need funds to construct a house or expand, repair and renovate an existing property.
As the home loan market is crowded, finding the best home loan offer can be challenging. At City Group Finance Incorporation, we help you compare, select and apply for the best home loan rates from India’s top Banks and Housing Finance Companies (HFCs). We provide comprehensive information on home loans along with the convenience to apply for a home loan online and get instant conditional e-Approval in just a few steps.
1. Low-Interest Rates:Banks and financial institutions offer reasonable and attractive interest rates to make home loans more affordable.
2. Flexible Loan Tenure:Home loan repayment period usually extends till 30 years, giving you a benefit of lower EMIs and a greater flexibility of repayment.
3. Annual Tax Benefits:Claim a total tax deduction of about Rs. 5 lakh on the principal and interest components of your housing loan (under section 80C, 24b and 80EEA).
4. Home Balance Transfer Facility:In-home loan balance transfer, you can refinance your existing home loan to another lender offering lower interest rates or better loan terms.
5. Top-up Loan Facility:In top-up loan facility, you can borrow additional sum over and above your existing home loan and use it for any personal or business purposes