• FAQ
  • FAQ
Website FAQ
Any Tax Benefits?

What if I repay my Principal Amount in Lumpsum?
 

 Any Tax Benefits

Exemption under sec 80C of IT Act for repayment of principal upto Rs.100000/-. Deduction under Sec 24 of IT Act for interest payment on housing loans uptoRs. 1,50,000/- (in respect of self-occupied house property acquired or constructed with capital borrowed on or after 1.4.99. To know the Tax Savings on availing Housing Loan

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 What if I repay my Principal Amount in Lumpsum?

Prepayment charges are applicable @ 2% on the Principal repaid.

Prepayment charges are not applicable on floating rate scheme

 
 
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