Home loan benefits are multi-fold for women who want to buy a house as the government and financial institutions are taking various steps to incentivise women to buy a house. In fact, if you are a man and are planning to buy a house then you can include a woman as a co-buyer and benefit from it too. Check benefits:

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1) The Pradhan Mantri Awas Yojana (PMAY) has been a game changer. The first time home buyers can avail a credit subsidy under the PMAY scheme if they have a woman as the co-owner of the property. To have a woman co-owner is compulsory to avail this scheme. The government launched the scheme to empower women from Economically Weaker Sections (EWS) or Lower Income Groups (LIG).

2) The stamp duty on the property is lower for a woman home buyer in comparison to a male buyer. You can save between 1-2 per cent on the stamp duty with a woman as a co-owner.
   
3) Home loan financiers offer attractive terms to women applicants. A lower interest rates is critical to the Equated Monthly Installment (EMI) that potential loan seekers may be required to pay.

4) Including a woman as a co-owner also increases your loan eligibility. You will be entitled to higher loan amount.

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5) As co-owners women are also entitled for tax benefits under Section 80 C of the income tax act. If you are an individual owner, you will be allowed deductions up to Rs 150000. As a couple or with a woman co-owner, you can enjoy deduction benefits up to Rs 300000. Under Section 24, an individual can avail benefits up to Rs 200000 while as a couple it can be up to Rs 400000. So the total saving will be doubled.