Home Loan Vs Buying House in Cash: Why some people choose home loan even if they have money? 4 key benefits every buyer should know
Home loan Vs. buying house with own money: Home loan is invaluable for those who do not have enough money to buy a house, it provides a lump sum amount which is gradually repaid in installments. However, many individuals who have the required funds still choose to take a loan from a bank when purchasing a home. Why?
Home Loan Benefits
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Home Loan Benefits: First Advantage
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Home Loan Benefits: Legal Verification
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Home Loan Benefits: Second Advantage
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Home Loan Benefits: Save up to Rs 2 lakh annually
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Home Loan Benefits: Claim tax exemption of up to Rs 1.5 lakh
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Home Loan Benefits: Third Advantage
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Home loans typically have lower interest rates compared to other types of loans. Experts believe that interest rates on home loans may become even more favorable in the future. Therefore, instead of using your savings to purchase a home, it’s often wiser to take a home loan with better interest rates, allowing you to preserve your savings for retirement and other future needs.
That is why people opt Home Loans
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Home Loan Benefits: Fourth Advantage
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