Owning a home is nothing less than a dream come true. Along with it comes financial responsibility. Once your home loan is approved, Equated Monthly Installments (EMI) are deducted from the loan account depending on the loan amount and tenure. A home loan income certificate is nothing but a statement from a bank providing a breakup of your home loan repayment for a financial year.
With easy steps, you can download the Home Loan Certificate and utilize it for the requested reason.
The provisional certificate is an indicator of the amount payable during the current financial year, while the final number payable during the previous financial year is the final certificate.
The Home Loan Interest Certificate includes information such as contact details of the creditor, home loan account number, interest amount, principal amount, current repayment, and anticipated repayment.
Why is Home Loan Interest Certificate needed?
For tax deductions, a home loan statement is required. Pursuant to Section 80C of the Income Tax Act, the principal sum repaid by you can be claimed as a deduction to a limit of Rs. 1,50,000, although the ceiling on the interest claim referred to in Section 24 is Rs. 2,000,000.
In addition, stamp duty charges and licensing fees can also be regarded as deductions.
In order to receive tax benefits, the borrower must download the home loan certificate from the respective bank and submit the same while filing the tax.
What is required to download the Home Loan Interest Certificate?
To download the home Loan Statement online, homeowners should have an Internet banking service on their account. You can visit the bank or lender physically and get a hard copy of the provisional certificate.
How to download the SBI Home Loan Interest Certificate?
Here are simple steps to follow to the download SBI Loan Certificate
Step 1 Visit the official website of SBI Website
Step 2 Enter net banking login credentials
Step 3 Select the ‘Enquiries' tab
Step 4 Click on the ‘Home Loan Interest Certificate (Provisional)' link
Step 4 Select the account for which you want the home loan certificate.
You can now view, print, or download your home loan interest certificate.
How To Get HDFC Home Loan Interest Certificate?
Here are simple steps to download HDFC Loan Certificate
Step 1: Visit the HDFC website
Step 2: Enter the loan account number
Step 3 Enter captcha code
Step 4 On the left side menu, click on account details.
On the left side menu, click on account details.
You will see two options - View Statement and Email Statement.
Step 4 The loan certificate will then be displayed on your page.
You can opt to receive it either by mail or by post. In case if you choose physical delivery, the certificate will be posted within two working days.
How to Download ICICI Home Loan Certificate?
Home loan borrowers from ICICI Bank need to follow the step given below to download the certificate.
Step 1 Visit the ICICI Bank website
Step 2 Click on the ‘Continue to Login' button.
Step 3 Enter Home loan account number, date of birth, account number, Loan amount, and EMI amount.
Note: Home loan account number is mandatory. You need to enter any other two details along with it.
Step 4 Click on download the certificate
How to download Axis Bank home loan certificate?
There are different ways through which you can request a home loan certificate.
Step 1 Visit Axis Bank website
Step 2 Login using credentials
Step 3 Select the respective loan account and
Step 4 Go to the drop-down menu.
Step 5 Click the ‘View Interest Certificate' option
Step 1 Download the Axis Mobile App
Step 2 Login using your credentials
Step 3 Select Loans
Step 4 Request Statement
Step 5 Click Interest Certificate
You can also call the customer service team and request them for your home loan certificate. Can call at 1860-419-5555 and 1860-500-5555 and, or send an Email.
How to get a home loan interest certificate physical copy?
Borrowers can visit the respective bank and apply for the same. Fill the required form and submit the relevant documents. Don't forget to carry original documents as proof of identification such as Aadhaar, pan card, and DL.
Visit your nearest bank branch
Fill in the required form provided with relevant information such as:
Date of Birth
Home Loan Account Number