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A Look At Tax Incentives To Home Loan Borrowers Which Taxpayers Can Claim?

Home Loan Borrowers are provided few of the tax incentives as either tax break or exemption for serving such a large ticket-size loan. After the Union Budget announcement on February 1, 2017, few of the changes were effected, knowing which come ...

What are the tax benefits on home loans after budget 2014?

Finance Minister, Arun Jailtey in his maiden Union budget 2014 gave a good news to all who have taken a home loan. He has increased the tax exemption on the interest paid on home loans by Rs. 50,000. So, tax benefit ...

How the frequency of compounding works to generate higher returns from bank fixed deposits?

Bank fixed deposits, the most famous investment option among the conservative or risk-averse investor class, yields higher return based on the frequency of compounding. So, other than the usual parameters which the investors pay heed to while investing in ...

Debt or loan: How you can get rid of from such an obligation soon?

With consumerism activities on the upsurge and financial institutions easily financing such activities, consumers are left with huge debt obligation. The debt or the amount owed to another party hinders financial freedom of the concerned and it becomes imperative to first ...

What is Pre-EMI Interest ?

When taking a loan that is disbursed partly for instance home loan taken for an under-construction property or education loan, borrowers have the option to either make loan repayment in full as equated monthly installments or EMIs calculated on the basis ...

How is interest and principal divided in an EMI?

Looking to take a loan? It's extremely important to understand the concept of how your equated monthly installment is divided between your interest and principal repayment. Let's take a simple example. Say you take a loan of Rs 2 lakhs ...