How To Check Tata Capital Home Loan Statement?

For keeping track of your home loan and claiming a tax deduction for interest payments, the Tata Capital home loan statement is a crucial document. You can plan your expenses for the full year and keep track of your annual finances with the aid of this home loan statement.

If you have a home loan, your bank will send you a statement at the start of every year with some important details regarding the loan, such as how much of the total interest and principal is due for the year. This statement can subsequently be used as a declaration of investment proof to obtain tax deductions.

According to the Income Tax Act, tax incentives are also given for properties that are still being built. The interest you pay during the pre-construction phase is deducted from your house loan statement, and it is reimbursed in 5 equal instalments. However, the total amount of these deductions cannot be more than Rs. 2 lakhs.

How to check Tata Capital home loan statement online?

Simply log in to the customer site at Tata Capital to access your yearly home loan statement. This statement can then be seen and downloaded. Without it, you risk losing track of all the payments you have already made because this document will act as proof of each repayment you have made on your mortgage over the years.

Section 24 of the Income Tax Act allows for a tax deduction on interest paid during the year of up to Rs. 2 lakhs. The amount of the tax deduction is unlimited if the property has been rented out. Similarly, if the property is not sold after five years of possession, you may be able to claim a deduction on principal repayment up to a maximum of Rs. 1.5 lakhs under Section 80C.

The most open eligibility standards for house loans are provided by Tata Capital, along with a variety of repayment options. The starting interest rate of their home loans is only 6.70% 

I’d like to conclude my discussion here about the Tata Capital home loan statement. I hope this helps:)

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