• SENSEX
    NIFTY 50
Personal Finance

Do not overestimate tax benefits on home loan repayment

Updated : July 24, 2019 08:47 AM IST

Home loan borrowers do not want to prepay their loan just because of associated tax benefits. I do not deny that home loan repayment comes with tax benefits bringing down the effective cost of the home loan.
However, sometimes, these tax benefits on home loans can be overrated.
Since the tax benefits are capped, you may not get as much tax benefit as you think you are. In fact, you may pay off part of the loan and still get almost similar tax benefits.
Do not overestimate tax benefits on home loan repayment
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV