Create a space of your own with Insurance in Chandigarh. Our Home Loans are made for salaried persons as they offer an attractive rate of interest and a longer tenure. We also provide you with legal and technical counselling to help you out make the right home buying decision.You can take step closer to your dream of having your own house.
We provide the best amongst home loan. Beside the document help we also help you to buy home and helping out best decision.
Affordable Home Loans at effective rates as low as 4.62% per annum
Calculated on a loan amount of Rs. 25 lakh for a first-time home buyer with an annual family income of Rs.15 lakh and rate of interest of 8.35% per annum considering subsidy of Rs. 2.30 lakh under Pradhan Mantri Awas Yojana (PMAY). The effective interest rate may vary based on the loan amount, PMAY subsidy and applicable income tax slab. The effective rate is applicable for the first year only.
E.g. If your annual family income is Rs. 15 lakh and you avail a home loan of Rs. 25 lakh from Any Bank with Credit Linked Subsidy Scheme (CLSS) of PMAY, then you would receive a subsidy of Rs. 2.30 lakh. Also on your above income, you would be able to avail income tax benefit of Rs. 72,244 for a year. Therefore, though the interest rate applied to your loan account is 8.35% per annum, the effective interest rate would be 4.62% p.a. for the first year considering the above benefits.