The biggest advantage of taking a joint home loan is the higher tax concession that both partners can avail of. The Section 80C tax benefit of Rs 1.5 lakh on principal amount repaid can be availed of individually by both the partners/spouses. This means an enhanced limit of Rs 3 lakh. Joint loans also increase your chances of being approved for a loan. They can be easier to pay back since there are two of the people responsible for the repayments of the home loan.
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Joint home loan
athulnarayan
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2020-08-28T20:26:27+00:00 2020-11-11T17:52:58+00:00Comment
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